Now blockchain observers or crypto lovers have seen many intrepid entrepreneurs take advantage of blockchain technology to improve the cannabis industry. From decentralized autonomous organizations (DAOs) enabling community participation in the cannabis economy, to cannabis-based cryptocurrencies like CannabisCoin and RastaSwap, to hub ventures like Crypto Cannabis Club, blockchain-powered solutions are rolling out of the production line at an increasing rate.
there is little evidence to link the blockchain world and cannabis. The first is a distributed ledger that records all types of transactions, usually those related to cryptocurrencies. The latter is a plant-based medicine that is used for medicinal and recreational purposes. However, these seemingly unconnected planets are getting closer and closer to each other's orbits.
The intersection of cannabis and blockchain will continue to provide opportunities, whether for profit, increased transparency and security, or increased community participation.
The peer-to-peer (P2P) marketplace is another promising opportunity that lies at the intersection of blockchain and cannabis. With 19 states and the District of Columbia having legalized marijuana for recreational purposes, cannabis retailers are making a roaring trade. On the other hand, many consumers still prefer to transact anonymously, peer-to-peer, and pay in crypto, suggesting that P2P cannabis platforms could emerge in the near future. However, the regulatory nature of the industry will severely limit the scope of this platform.
Talking about the market, one of them, REFEER TOKEN wants to corner the growing cannabis NFT market. The site offers a one-stop shop for those looking to buy, sell, collect and “grow” cannabis-themed NFT. In the near future, REFEER TOKEN aims to build a virtual gamified world of cannabis collection and cultivation, offering digital breeders the back of a coveted seed that can be traded peer-to-peer. Users can also experiment with cross-breeding different strains to create a more desirable product.
REFEER TOKEN Creates Huge Profit Opportunity Combining Marijuana, Crypto, NFT & Metaverse
REEFER Token Sets a New Industry Standard on how Legal Dispensaries, Smoke Shops, Vape Shops, Cannabis Lounges, Restaurants and Gamers Interact. Marijuana, Crypto, NFT & Metaverse Combine to Give Birth to the REEFER Ecosystem Revolution
Store Integration This platform helps Pharmacies, Smoke Shops, Vape Shops, Cannabis Lounges and Restaurants to accept easy forms of payment. Customers will go through a digital Point Of Sale System. Cannabis Meets DeFi Decentralized finance, or DeFi, uses new technology to eliminate third parties in financial transactions. You keep your money in a secure digital wallet instead of keeping it in a bank or cash and Transfer Funds in Seconds while Protecting Your Identity! Reward System Customers earn Rewards for Loyalty & Refer others with Loyalty Rewards and Incentive Programs by receiving discounts & Free Products at their favorite stores. This will result in the Store Increasing Customer Retention and Strengthening Customer Affinity.
REEFER Token will offer a convenient way to use blockchain records to be transferred from growers and processors to consumers without violating cannabis laws and regulations. When a consumer purchases marijuana from one of our Partner Pharmacies or Vendors, the product will be displayed with a QR code. The customer will scan the code and get the following product facts along with the NFT to authenticate it! Farmer Genetics, planting methods, inputs, post-harvest techniques Processor Processing methods and materials, packaging systems, packaging sources, transportation Pharmacy Environmental practices, storage conditions, tax structure
SMART CONTRACT ADDRESS: 0xD3C931F70ff2E98d0639cf4ab29C7FB16b9c5E04
https://reefertoken.io/#buy-now
https://twitter.com/@reefrToken
http://instagram.com/reefertoken
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The startup will also offer indexing, benchmarking, and rankings, with the aim of becoming the “Bloomberg of the cannabis industry.” Interestingly, the number of global cannabis users is on the same average as crypto users: somewhere between 200 and 300 million. With such a large global audience, it's no wonder we see exciting synergies bringing the benefits of blockchain to the cannabis market. When you think about it, this is a match made in heaven.
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