Industry Problems

Provenance:
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.
Payments:
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.
Fundraising:
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.
Transparency:
The lack of transparency and discrete supply chain in the cannabis industry makes it hard for quality assurance.
Solution:
CannaChain is here to bring a solution for those problems with a decentralized ecosystem for Cannabis users or activists of any kind.
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Last modified 2mo ago