Utilizing Blockchain Technology in the Cannabis Industry | Made By Hemp

madebyhemp.com
Date:
Monday, Jan 21, 2019

Few industries are as misunderstood, or as complimentary, as cannabis and blockchain technology. Both niches are young and exist in highly speculative markets with foggy regulatory conditions. They are also receiving an influx of high talent entrepreneurs and programmers looking to solve some of their respective industry’s largest problems.

In order to truly understand the synergy of cannabis and blockchain, we must look beyond the hype and speculation to understand how and why the cannabis industry needs blockchain technology. It is also important to understand how both industries may inevitably depend on each other.  

 

The North American cannabis industry has seen a major spike in growth and attention as of late. Much of that attention is coming from entrepreneurs seeking to create value and strike it big, and investors looking for a piece of the pie. There is also an influx in activists fighting for what they believe to be a truly beneficial product and politicians on both sides of the heated legalization debate.

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