Industry Problems

There are unclear parameters governing the use, sale, and purchase of cannabis in states that have legalized its production and consumption. The laws are too difficult to enforce.
The U.S. federal law poses many restrictions as to how payment is accepted and stored by cannabis-based firms. Around 80% of the transactions use cash transaction.
33 U.S. states have legalized medical marijuana, but cannabis is still federally illegal. For this reason, cannabis businesses face troubles fundraising and taking loans.
The lack of transparency and discrete supply chain in the cannabis industry makes it hard for quality assurance.
CannaChain is here to bring a solution for those problems with a decentralized ecosystem for Cannabis users or activists of any kind.