A Guide To Vape, Cannabis And Cryptocurrency Coins

A Guide To Vape, Cannabis And Cryptocurrency Coins

Vape, cannabis and cryptocurrency coins go hand in hand.

Cryptocurrency and vaping do go together, but you might not have realized that you could combine two great things in one.

If you are trying to learn how these two industries intersect, you will learn a lot by reading below.

No one would suggest that you will get the exact results you want the first time around, but you can start researching these things because they could all mesh to give you an experience that is exciting.

 

 

  1. Coins That Are Focused On Cannabis

Cryptocurrency coins focusing on cannabis and vaping are much more common than you think.

However, you do not learn very much just by searching for cryptocurrency coins focusing on cannabis and vaping.

You must have an idea of how much that coin is growing, how that coin relates to the industry, and how much it is growing in total value.

There are a lot of these coins that you need to look into first, and you should remember that you can go through all of them to do a full body of research.

Anyone who has problems with their research should avoid coins that they do not understand.

  1. Why Would You Invest In These Coins?

You could invest in these coins in any way that you want.

Some people will download the app for the coin because they want to have a way of controlling that coin very easily.

These same people will be very interested in the fact that they can watch these coins change.

You can see how much better it will get, and you will be amazed by the fact that you can come up with a plan for your investments that is based on the fact that you have this information you can read at any time.

Plus, you need to be sure that you have considered what you would do when you are hoping to make the most money from these coins.

The investments that you make should be designed to make your life easier.

This means that you are investing in something that benefits you.

This is especially true if you invest in coins that support companies you patronize.

  1. Why Cannabis?

Cannabis itself is a very big deal because it can completely change how you relate to the medical field.

Medical investments have always seemed like they would be a good thing for you to use because people always need medical care.

However, this is not always the case.

There are plenty of medical brands that are not performing well, but cannabis is something that people will want to invest in because they can easily come up with a plan for their cannabis investment that is based around either production or growing.

Cannabis is going to take the marketshare from the prescription medication industry because more and more people can go to the cannabis world to get the care that they need.

You will see values rise in this field because there are more companies out there that are driving growth, and there are many people who will be very interested in trying to make sure that they can invest in the cannabis company that will take the biggest marketshare.

  1. Which Companies Are Most Interesting?

There are some great coins in this field that include HempCoin and PotCoin.

You can look rough all these different coins, and you need to be sure that you have come up with a plan that you think actually makes sense for you.

Someone who has never done this before needs to be sure that they have looked over every one of these coins and so many more.

One of these coins will be right for you because it speaks to you in a personal way.

  • Paragon
  • Tokes
  • PotCoin
  • HempCoin
  • DopeCoin
  • CannabisCoin
  • GreenMed
  • Budbo
  • BlazerCoin
  • Cannation

These are some of the coins on the market that should interest you because they have the highest values overall.

However, you need to be sure that you have looked at the company you like the most.

You might want to come up with a plan that you think will mix your investments so that you are invested in certain things that will be best for you.

You also need to be sure that you know what each company does with their investments.

Some coins are very invested in the growth of cannabis because they are fueling the industry, but other companies are investing in dispensaries that are making amazing products.

Still other companies actually invest in special companies that make things like lotions and soaps.

It all depends on what you want to invest in because each company is a little bit different.

Plus, you might want to see if you can find a coin that has a nice mixture of investments behind it.

  1. How Do You Make Money?

You are waiting for these coins to grow in value.

You want to know for a fact that you will have a profit at the end of the year from your coin, and this is why you must choose a coin that is trending up.

When the coin is trending up, you will get a much better result.

Also, you need to be sure that you have read exactly how high the coin is supposed to go in the future.

Reading articles that are written by people in the industry could give you an idea of how much money you can make.

If the coin is supposed to rise very high, you will make a lot more money.

If you are getting into a coin that is new, you need to watch it until you know that it is going to provide you with the best possible options for the future.

  1. How Long Should You Invest?

Invest for as long as you want, but you need to have a plan for each coin.

You need to read industry information that tells you what you might do to save money.

You need to know when to get out of a coin because it will not be very profitable.

Move on to a new coin when the customer service is poor, and you can get out of a coin when you realize that that coin is not going to survive.

Some coins will plateau because they are not very popular, or they might have programming issues that are just too hard to deal with.

  1. Conclusion

The  cryptocurrency coins that you invest in should be related to something that you are interested in.

The majority of people who are trying to make good choices when buying their coins will discover that buying these coins is always easier because they are buying something that truly makes sense to them.

You know a lot about the cannabis industry, and it only makes sense that you would get cryptocurrency that will help you become a part of the cannabis world.

When you are not investing in something that you understand, you will lose money because you are not all that involved in the investments.

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Can Blockchain Technology solve the problems of The Cannabis Industry?  

Can Blockchain Technology Really Solve The Problems Faced By The Cannabis Industry?

 

For sure, anything related to technology, especially blockchain technology  may seem too complex for the ordinary person.

Despite having a somewhat complex name, blockchain technology is quite easy to understand.

I’m just an ordinary person like you , yet I was able to perform research on blockchain technology, and let me tell you, it’s quite impressive.

Definition of blockchain

If you have been following cryptocurrency over the last few years, you may have already come across the term “blockchain.” If you’re not a tech expert like me, then you would have relied on Google for the definition of blockchain.

Moreover, Google may have given you an answer like this: “Blockchain is a decentralized, distributed, public ledger.”

It sounds a lot harder to understand according to this definition.

Basically, blockchain is the technology typically used by Bitcoin, which is a type of digital currency, in keeping track of its records.

It’s quite understandable why a few industries have misunderstood blockchain technology.

After all,  it is a fairly new niche in a speculative market with a somewhat foggy set of laws. On another note, cannabis also exists in a speculative market with an unclear set of regulations.

Nevertheless, both industries are receiving an influx of talented programmers and entrepreneurs looking to present a solution that will resolve their respective industry’s biggest worries.

With that in mind, I wanted to come here and present to you ways on how the blockchain technology can actually assist in transforming the cannabis industry.

The Cannabis Industry is Booming

Truly, the times are changing as 30 states have legalized the use of marijuana.

Nine of the 30 states legalized the use of recreational marijuana, while the other 21 states have legalized medical marijuana.

It is without a doubt that the cannabis industry is booming as a total sales $6.7 billion was reported by 2017.

This number is expected to rise with a projected sales of $20.2 billion by the year 2021, which is quite an amazing figure.

In fact, experts are saying that the growth rate of the cannabis industry outpaces that of which was set by the tech firms during the dot-com bubble.

I find that unlike the other industries, the cannabis industry tends to be subjected to careful examination from the public.

It receives more scrutiny as compared to others. As a result, this heightens the level of uncertainty in the cannabis marketplace.

While cannabis enthusiasts are indifferent toward the idea of additional safety measures and regulations surrounding product provenance, this is an industry that would need all the help it can get.

Regulators, businesses, and entrepreneurs should consider how blockchain technology could be the answer to the challenges faced by the cannabis industry.

Blockchain Technology as the “New Internet”

Before I start discussing the reasons as to why numerous cannabis firms are utilizing their own blockchain technology, it is only right that I talk a little more about what blockchain technology is and what it can do.

A lot of people have been commenting on how blockchain is an “ingenious invention.”

In fact, publicly traded companies, such as IBM, are now utilizing blockchain technology as a means to solve numerous issues.

As its name suggests, blockchain is a chain of blocks. Blocks refer to digital information, which is then stored in a chain, also known as a public database.

With that in mind, these blocks, which are digital pieces of data, have three parts:

  • It stores the details concerning a transaction, which would involve the time, date, and dollar amount of the most recent purchase.
  • It also stores the information concerning those participating in the transaction. However, instead of using a name, blockchain technology reads data through unique digital signatures.
  • Lastly, blocks store data that makes each block unique. A code, which is referred to by many as a “hash,” is assigned to a block which will represent a particular transaction.The code of your previous purchase may look identical to your recent purchase; however, the blocks can easily tell each transaction apart by using the codes.

When a block stores new information, that information is added to the blockchain. However, before a blockchain is formed, there are four things that must first happen:

  • A transaction must first occur
  • The transaction must be verified
  • The transaction details must be stored in a block
  • The block must be provided with a hash

Why Cannabis Companies Are Embracing Blockchain Technology

Similar to most supply chains, the cannabis industry can greatly benefit from the blockchain technology.

The enhanced provenance that blockchains can provide brings about the peace of mind in both suppliers and customers.

By utilizing blockchain technology, it would be easy to identify how marijuana was grown and by whom, who were the parties involved in every cannabis transaction, and that no link along the cannabis supply chain was involved in any illegal elements.

Without further ado, here are some of the reasons why cannabis companies are embracing blockchain technology.

Processing of Payments

The processing of payments is probably one of the struggles of the cannabis industry.

Despite having the majority of the states in the US legalized either recreational or medical marijuana, the federal law still poses a number of restrictions as to how payment is accepted and stored by cannabis-based firms.

Moreover, 300 out of 11,000 banks, in the United States of America allow cannabis business owners to open an account.

Since cryptocurrencies and other digital currencies are unregulated and decentralized, this provides cannabis business owners the ability to accept secure and fast payments that are cashless.

Since cannabis-based businesses are cash-only businesses, blockchain technology can greatly aid in the accounting processes of the business.

With blockchain technology, owners of cannabis companies no longer have to sift through an infinite amount of financial statements.

Blockchain technology will not only change how payments are accepted by the cannabis industry but also the entire operation of global commerce.

Quality Assurance

The production process of cannabis may touch on numerous businesses – from the farmers and growers to the authorized dispensaries, and from cannabis retailers to consumers.

Nevertheless, the utilization of blockchain technology in the supply chain of cannabis businesses provides a complete picture of its end-to-end process; thus, ensuring quality assurance.

Maintenance

Stemming from the previous point, blockchain technology also allows the consumers, regulators, and business owners of cannabis products to pinpoint the inefficiencies in the cannabis end-to-end process.

Remember, a supply chain that is supported by the blockchain’s flawless math has the potential to produce an improved overall customer experience.

Standard of Transparency

Paragon CEO Jessica Versteeg shares with Rolling Stone on how her cannabis startup is utilizing its very own cryptocurrency based on blockchain technology.

For VerSteeg, it’s all about transparency in the cannabis space, considering the fact that this industry is facing unclear regulations across borders.

The ledger used by the blockchain technology can either reduce or eliminate any trace of human-based complication because it is unchanging.

Financial institutions and government agencies that are performing audits on cannabis-related transactions can utilize blockchain technology as a means to keep track of its legality.

Limiting Over-Consumption

There are still unclear parameters governing the use, sale, and purchase of cannabis in states that have legalized its production and consumption.

While there isn’t much difference between the legality of marijuana among the various states, the laws governing cannabis production and consumption are still too difficult to enforce.

This difficulty can actually lead to potential criminal networks.

What’s worse is that tracing and identifying who is abiding by the regulations and who is going against it has become much more challenging.

Needless to say, heavy-handed tactics are prohibited in the context of the legalization of cannabis.

A simple introduction of blockchain technology to monitor and track personal sales would represent a fair middle ground between the current lack of command and more unhandy strategies.

There are two companies that use blockchain technology to solve this kind of issue. 

With IBM’s proposed solutions, there is an increased transparency on the legality of cannabis sales.

In addition, BlockMedx is working on various ways in which blockchain can assist in combatting opioid abuse.

Facilitating Taxation

No matter where you buy it or how much you paid for it, you are always going to face a heavy tax when purchasing marijuana products.

This was a huge part of the legalization pitch, after all. In fact, California reported over $2.7 billion worth of cannabis derived tax.

If one is to utilize blockchain ledger technology and that this would be mandated for dispensaries, there is a high chance that sales figures would become certain and stable.

By extension, it would lead to accurate taxation and simpler audits for all of the parties involved.

The best part is that the revenues from cannabis-related transactions are given back in larger amounts to the citizens of the states who have chosen to legalize marijuana.

Again, IBM as one of the companies who proposed to the Canadian Government a particular blockchain solution for ensuring the effective and accurate tracking of cannabis so much so that it would lead to easier taxation.

Nevertheless, the act of utilizing blockchain technology can also present a number of disadvantages and risks for the cannabis industry.

In fact, a company by the name of Deloitte mentioned how blockchain risks are classified into three categories, which are as follows:

Standard Risks

Blockchain technology will open cannabis-based companies to various risks that are associated and are actually quite similar to that of the current business processes.

This can be considered as a nuance for those who need to account for their transactions.

Value Transfer Risks

Blockchain technology allows the peer-to-peer transfer of value without any need for a primary intermediary.

The value involved in this particular transfer could either be a piece of information, identity, or even assets.

With that in mind, this new technological business model exposes the transactions and any interaction made between two parties.

As a result, it opens them to new risks that central intermediaries used to manage.

Smart Contract Risks

When it comes to smart contract risks, these have the potential to encode complex financial, legal, and business arrangements on the blockchain system.

Furthermore, it could also result in a higher level of risk associated with the act of mapping these transactions from the physical to the digital structure.

Summarizing CBD and Cryptocurrency intersection

It is without a doubt that blockchain technology has the ability to transform any business process.

It can do so by disintermediating the business’ processes and central entities, improving any of its efficiencies, and allowing the creation of an immutable audit on transactions.

We have already discussed what is blockchain technology, and what has been shared regarding the current state of the cannabis industry in the United States of America.

It is clear that this industry can benefit from using this developing technology as a means to track and monitor its end-to-end process without ever neglecting marijuana laws.

Final Thoughts

With that in mind, here are my final thoughts on the utilization of blockchain technology by businesses in the cannabis industry:

One thing is for sure, blockchain technology brings about an impact in various industries only because companies are choosing to embrace its system.

Basically, blockchain technology can assist in the seed-to-sale monitoring and tracking of the cannabis industry.

The states that have legalized the use of either recreational or medical marijuana make use of scanning and tracking procedures so that they can monitor the journey of every cannabis product until it reaches the end-user.

Nevertheless, the full farm-to-table life cycle is quite difficult to track.

This is where the blockchain technology comes in.

It can easily fix this particular issue that the cannabis industry is facing.

With the use of codes and labels that blockchains bring to the table, all of the information concerning cannabis-related transactions can easily be traced, stored, archived, and searched.

More and more companies are now turning to blockchain technology for a more decentralized, secured, and transparent data ledger.

With that in mind, it is very advisable to have at least a blockchain developer to be part of your team.

By welcoming blockchain into your business, much like what cannabis companies are doing now, you are allowing easy verification without having the need to be dependent on third-parties.

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Furthermore, all sales campaigns and sales follow up are done for you. 

Therefore, you do not have to be internet marketing professional to succeed at this program. You can have a normal job and have this business growing at the side until it is mature enough to replace your income and it just keeps on growing.

This is one of the best affiliate marketing programs available in the world today to build passive income.

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Misconceptions About Cannabis Products

We are now going to discuss cannabis products more in detail so as to clarify misconceptions that you may have and of course to educate you about the cannabis revolution that is now rapidly taking place around us.

In our previous post, we read about 2018 United States farm bill that became law on December 20, 2018.

Continue reading Misconceptions About Cannabis Products

My Daily Verses, Now Yours

 

My Daily Verses, Now Yours

The following are hand picked biblical  daily verses that have helped me immensely in my pilgrimage through life thus far.

My hope and prayer is that they will inspire and motivate you just as they did to me:

Continue reading My Daily Verses, Now Yours

What is Hemp, its uses and history?

 

What is Hemp, its uses and history?

What is Hemp?

Hemp is the fiber and seed part of the Cannabis Sativa L. plant, opposed to the flower part of the plant which is “legally considered” marijuana. 

The fiber and seeds are incredibly valuable and this is why hemp is often called a “cash crop”. 

Continue reading What is Hemp, its uses and history?