THE RISE OF TOKES: Can Cannabis and Cryptocurrency Live in Unison?

Could two of my favorite passions come together as one? They say dreams do come true. For those of you that have not heard the great news I’m here to share some exciting information as to how these two mega industries are ready to unite.

Michael Wagner- Founder and

Gabriel Allred, M.A Co-Founder of the Tokes Platform has this to say:

“The Cannabis Revolution™ TOKES digital currency platform, is one of the first projects in the world to combine the technological advances of the blockchain and digital tokens with the cultural shift associated with the marijuana legalization movement”

Creating a digital currency that can be used in the cannabis industry to make transactions for cannabis merchants and consumers streamlined, easy and safe is one of the key benefits of the Tokes Platform.

US Banks and merchant providers cannot accept deposits from dispensaries at this time due to the cannabis industry still being illegal at the Federal level. As a cannabis merchant, it is extremely dangerous to have millions of dollars in cash as well as marijuana onsite. To help protect these dispensaries Tokes wants to provide cryptocurrency specific to the cannabis industry. Enabling the use of cryptocurrency for the purchase of cannabis products provides a safe and easy way for merchants and consumers to make transactions. It also provides anonymity for the consumers.

Tokes is in the process of creating its own mobile app which makes buying Tokes, trading as well as making purchases more accessible to consumers. The app will have a cannabis data base with descriptions of all strains of marijuana and their effects. The app will also include a dispensary map locator. Through this map it will help to provide more foot traffic for the dispensaries while making it easier for consumers to find a dispensary local to them.

The Tokes founders are not only creating a new cryptocurrency but they are also creating their own dispensary in Nevada.

As a fully state licensed and legal MME, the Cannabis Revolution™ facility will actively engage in cultivation, production, and dispensary operations. Each of these primary activities are independent revenue streams, and worth taking a moment to describe in greater detail:

• Cultivation: Cannabis cultivation encompasses the physical growing of marijuana flower. Cannabis horticultural experience will be pivotal here, as the specific nutrient mixes, light exposures, and life cycles of cannabis plants are quite specific. Equally 4 important, and easily overlooked is the layout of the cultivation facility to maximize plant production output, while maintaining a continuous cycle of new plants.

• Production: Production includes the packaging of all products after processing and distilling the cannabis. Common examples include edible products (i.e. chocolates, candies, cookies, etc.) sodas and juices, and pure THC/CBD oils.

• Dispensary: The dispensary license enables their entity to sell products direct to consumers who possess verified state approved medical cannabis cards. Dispensary operations will require staff and overhead, including management, “budtenders”, and other experts knowledgeable about the products they produce.

The Tokes Platform™ and TOKES currency unit will be integral to their physical entity operations from the outset. Due to the federal regulatory environment, cannabis sales are only legal at the state level of government. This constraint forces many in their enterprise to absorb risks not typically taken by legitimate businesses.

Notably, all product sales are processed in physical fiat – “cash only.” Additionally, cash receipts are not able to be deposited at traditional banks due to their federal oversight. The result is that many companies in the industry resort to retaining the cash receipts in onsite vaults. They feel that these risks are unfairly burdensome to both companies and customers, and the TOKES mechanism will provide a means to resolve this issue.

The Cannabis Revolution Facility:

As discussed in their business description, the core activities of the facility will encompass cultivation, production, and dispensary operations.

Regarding cultivation: cannabis comes in a wide variety of genetics, with the primary species sold being Cannabis Indica and Cannabis Sativa. There are pure forms of each species, as well as numerous hybrid strains. In addition to production of strains in high demand, the Cannabis Revolution facility will work to produce new strains through selective breeding of strains with desirable qualities.

This endeavor will enable them to create valuable intellectual property, and an additional potential revenue streams. Based on early projections of production capacity, cultivation output exceeds their ability to distribute products through dispensary operations. As a result, Cannabis Revolution intends to identify additional wholesale partners laterally within the industry to distribute to. The fostering of these relationships will benefit them through additional diversity of their offerings, enhanced distribution channels, and improved relations for TOKES adoption.

One of the most exciting developments, and also broadest industry opportunities, is the production of cannabis concentrates for edible consumption. This activity falls under 6 the cannabis “production” license. It is a business segment that broadly expands their customer base by introducing sales to customers who oppose consumption via traditional methods, such as smoking and vaporizing. However, perhaps the most appealing element of this business line is the tremendous variety in potential products.

In essence, the only limiting factor is creativity. While candies and sweets are the most popular product categories to date, they feel that innovation in this category will ultimately drive sales in the future. While it is too early to discuss specifics, Cannabis Revolution is currently working on a line of products that introduces edible CBDs - a molecule produced by the cannabis plant with reported health and pain relieving benefits.

The dispensary will serve as a dedicated storefront for the distribution of our products. While they intend to distribute the products, they cultivate and produce in-house, this will also provide them with the opportunity to display creations from other innovators in the industry. Not only will this enhance the offerings available to customers, thereby increasing their competitive appeal, it will also build and improve their relationships across industry partners.

TOKES Platform

The TOKES Platform will be the technological back end implementation of their business operations. It is the merger between the cultural shift they are deeming to be the Cannabis Revolution and the technological progress in blockchain and fintech developments. They feel that the marriage of these two broad advancements in society will assist in driving the company’s success.

TOKES itself will also implement several other key characteristics from various technologies in the crypto-sphere. Notably, these three characteristics will be Asset Pegging, Anonymous Transactions, and WAVES Blockchain Implementation:

§ Asset Pegging: TOKES will utilize various mechanisms to ensure that once a transaction occurs, the value of that transaction in USD will not change for the holder of TOKES. Similar mechanisms can be seen in stable assets such as BitUSD, NuBits, CoinoUSD, Digix, and Tether. This feature provides businesses with the peace of mind that volatility in the underlying token will not impact the bottom line financials (either negatively or positively). They believe this will result in much higher adoption rates for businesses interested in this technology than they’ve seen with their peers.

§ Anonymous Transactions: This feature requires little explanation or justification. As an industry on the cutting edge of the legal system, many participants desire anonymity with their purchases. They intend to have this advantageous system built directly into their transaction layer.

§ WAVES Blockchain Implementation: As long-time supporters and analysts of the various developments in coin technology, they feel that executing their initial asset issuance on the Waves Platform will be a valuable partnership. The cutting-edge features proposed by Waves, such as fiat gateways and an enhanced crowdfunding interface will largely benefit early adopters and investors in TOKES. They also believe that a partnership with this blossoming platform will assist with the cross-promotion of both technologies.

Founder's Club:

Introducing yet another first in the digital currency space, the Founder's Club is a unique offering that provides additional value to large investors in the platform. Any participant purchasing a minimum of 50,000 TOKES during the ICO will be assigned an exclusive FCID#, Founder's Club Identification Number, which will be associated with a specific tokes wallet address. Membership will have numerous perks extending beyond the standard redemption of ICO proceeds.

So, to wrap this up I am very impressed by the platform tokes is building. I think they have a great strategy implemented for educating the consumer and the dispensaries on how these two can join forces and create a much easier way for merchants and consumers to make transactions. The other thing that’s very appealing about this coin is the backing of it by the dispensary to help support the value of the coin.

With most other cryptocurrencies there is no tangible asset and not much to protect your coins. Tokes coins are backed by the dispensary and their repurchase program. This helps to buy back stocks with a percentage of quarterly net profits. They will buy back specific amounts of tokens to help support the value of the coin.

To learn more, watch this video interview with Tokes Founder Michael Wagner:

https://youtu.be/BSeAFtW0ue0

Follow me @cannabitfor more information.

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