Cryptocurrency continues to provide the driving force behind the growth of marijuana business ideas. Discover its past and future today.
The marijuana and crypto industries have each enjoyed phenomenal growth over the past decade, which is why it’s no surprise to learn that several digital coins have entered the space to support the global legal cannabis community, which is set to surpass $100bn (up from $37bn in 2021) by 2026. CannabisCoin (CANN) and BudBlockz (BLUNT) are two digital assets that every dispensary, consumer, farmer, and investor should monitor in the rest of 2022 and beyond.
As both the marijuana and blockchain sectors continue to ride high, now is the time for all crypto enthusiasts to learn more. Here’s all you need to know.
What is CannabisCoin (CANN)?
CannabisCoin is a peer-to-peer cryptocurrency for the Cannabis community, which was launched in 2014 and primarily focused on supporting dispensaries. It came during a hot spell for cannabis-inspired coins as the likes of PotCoin (POT), HempCoin (THC), and DopeCoin (DOPE) were all released in the same year.
It has made headlines for many different reasons over the past eight-and-a-bit years, perhaps most notably for a pledge to make the CANN token redeemable for 1 gram of a cannabis from the community. With a high price of $0.3482 in 2018, it has been the most relevant token in this space and is an accepted payment method in dispensaries across the nation. The decentralized platform allows for transactions where bank systems may have refrained from facilitating them. Moreover, it has been a very useful asset as dispensaries in many jurisdictions have moved from medicinal-only to medicinal and recreational cannabis products.
The digital token itself can be traded instantly, securely, and without transaction fees. It also removes currency exchange issues thanks to the decentralized infrastructure and e-wallets.
What is BudBlockz (BLUNT)?
BudBlockz is an emerging ecosystem to buy, sell and trade virtual and physical marijuana. It creates a secure and responsive blockchain-based environment that supports dispensaries and consumers in legalized jurisdictions, as well as investors from outside those territories, with transactions for medicinal and recreational marijuana.
As with CANN and all the other marijuana-inspired predecessors, the BLUNT token looks to solve many of the issues facing dispensaries and traditional banking systems. Meanwhile, it brings a host of modern-era features to the table. Most notably, it is the world’s first asset-backed NFTs of marijuana products while also offering fractional coins, and decentralized eCommerce and digital trading. It is building a strong community of users and rapidly expanding on the previous triumphs of CANN and co. Incredibly, it is doing this despite not yet launching.
In fact, BLUNT hasn’t even launched phase one of its five-phase roadmap. The BLUNT token will be capped at 420,000,000 tokens, which will launch at a price of $0.015 while the tokens can be purchased with a range of popular cryptos including BTC, ETH, and XLM. The BudBlockz ecosystem and infrastructure will also include several dispensaries in jurisdictions where they are permitted., further underlining the blurred line between physical and digital spaces.
CannabisCoin has undoubtedly been the past and present of the cannabis crypto industry, especially for medicinal dispensaries, but BudBlockz is the future. It is set to make a huge noise once it enters the market in the coming months. The decentralized NFT features are set to take the cryptocurrency transactions to new levels while the community it has already built is clearly aligned to the modern-day landscapes.
It is highly expected that with the community BudBlockz is looking to build it will be more widely accepted by dispensaries for many years to come. The spike in cannabis-inspired coins in 2014 was very much needed to kickstart the first chapter of blockchain-backed marijuana business growth. As the industry embarks on another new journey, the arrival of BLUNT is equally crucial.
Learn more about BudBlockz (BLUNT)
Official Website: https://budblockz.io
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
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