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The minting is done through its Certificate of Analysis (COA) as a non-fungible token (NFT) verification system. The first minting includes hemp, psychedelic mushrooms and kratom for U.S. hemp and cannabis lab, ACS Laboratory. The hemp, cannabis, mushroom and Kratom industry faces supply chain transparency challenges according to the company’s
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Gryphon previously terminated plans to go public via a reverse merger with Sphere 3D. Source
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A California-based cannabis nursery has turned to blockchain and smart contracts to verify the authenticity of its medicinal plants.The cannabis nursery, known as Mendocino Clone Company, was named in a partnership announcement from the EMTRI project and tech firm Global Compliance Applications on Jan. 13. It will be harnessing the project’s
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Cory Mitchell, the operations manager at Flower Power Botanicals, a dispensary in Fort Collins, Colorado, that accepts cryptocurrency, told CryptoX he was “able to partner and sponsor the local university (Colorado State University), be their first cannabis industry partner and reach out to the college community in a way our
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Blockchain and cannabis have one thing in common: they are both disruptive developments changing how people do business worldwide, particularly in the United States. When it comes to legal cannabis producers, blockchain has the potential to completely transform an industry that has been hampered by a shockingly slow development trajectory, resulting
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In 2019, merchant processor Fortress Payment Technologies announced that it would no longer be able to accept Visa payments for cannabidiol (CBD) related products. The announcement only gave merchants eight hours’ notice of the change, this is just one example of the many financial hurdles that the cannabis industry has
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SynBiotic SE, a German cannabis company, has announced that it is following the lead of companies like MicroStrategy and Tesla in shifting part of its liquid cash holdings into Bitcoin (BTC).In a Feb. 16 update on its website, the company stated that the move was spurred by “legitimate concern about
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Investors in the 2017 Paragon Coin token sale want their money back, but they can’t find the celebrity couple behind the operation. “The attorneys representing the defendants have withdrawn as counsel,” said attorney Donald Enright, who represents plaintiffs in this crypto-fueled legal dispute. Enright added the defendants “defaulted” by failing to
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Medical cannabis companies are rushing to sign up for the world’s first blockchain-secured platform for tracking product from seed-to-sale, according to a report from ProActiveInvestors on Jan. 3.The StrainSecure platform, developed by TruTrace, provides testing, DNA-based validation and product guarantees for patients and customers.Seed-to-sale trackingThe immutable, cryptographically-secure platform enables
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The first application on Kadena's public blockchain is a tracking platform for CBD oil. Source
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