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 blockchain capabilities to certify all clones, or baby plants, with a batch certificate. Cannabis nurseries are establishments that specialize in plant genetics, producing clones and baby plants and seeds for the purpose of wholesale distribution. The move allows the nursery to “document the beginning stages of a cannabis …

Las Vegas-based glass pipe maker to the stars Jerome Baker Designs will launch a series of bong-related NFTs tied to corresponding physical assets early next month. The NFTs, on FDCTech’s Ethereum-based platform, depict the unique glassblowing process for each bong and come with additional unique benefits. They are due to drop on Super Bowl Sunday (Feb. 13) and the corresponding physical bongs will be auctioned off at Superchief Gallery. Jerome Baker Designs Founder and President Jason Harris is considered to be one of the top ten glassblowers in the world, according to smoking products marketplace SLX. He founded the business …

A close look at the world around us would reveal a series of interconnected networks, both man made and in nature, from society to the plant world and even extending as far as the internet. To maintain functionality, each operates with its own rules. However, what makes each of these networks so powerful is the nodes that, when cooperating, can achieve more, faster and with greater efficiency. A truth that also rings true for the blockchain. This is where Cosmos comes into play. Cosmos was designed to build bridges between blockchains that previously operated as isolated islands, enabling them to …

A global blockchain technology company that helps cannabis companies to go cashless has announced that it is upgrading to Cosmos. BitCanna was built to support marijuana businesses that struggle to access financial services from banks, credit card companies and online payment providers — with firms often having to stump up excessively high transaction fees because of a lack of choice. The platform’s current blockchain operates on a custom-built version of BTC/DASH technology. Although this initially worked well as a payment network, the infrastructure was first released over a decade ago — and executives say they are hoping to capitalize on …

Digital asset market data firm Brave New Coin may soon be helping Nevada residents buy marijuana using crypto. According to Brave New Coin, blockchain firm Multichain Ventures will be using the company’s data and pricing infrastructure to fulfill regulatory requirements for cannabis businesses in the U.S. state of Nevada. Recreational and medical marijuana has been legal in Nevada since 2016, but a bill introduced to the state’s legislature two years ago seeks for registered cannabis businesses to have a cashless payment system. The bill says this measure is intended for regulators to "monitor and facilitate the financial transactions of marijuana …

A blockchain-based data marketplace, Measure Protocol, and a cannabis-oriented survey rewards app, Broccoli, will jointly establish a research community for cannabis users. According to a Nov. 12 press release, the companies will use the new community to survey consumers, collect data and make reports dedicated to cannabis use and the industry. In doing so, the parties intend to discuss the benefits of cannabis, debunk or prove myths surrounding it, and make the collected information available to the public. Phillip Olla, co-CEO of Audacia Bioscience, the company that stands behind Broccoli, said that blockchain technology will enable the firms to collect …

Decentralized application (DApp)-focused blockchain Aeternity will be used to track the supply chain of Montevideo-based medical and recreational cannabis producer Uruguay Can. Aeternity announced in a press release published on Sept. 25 that it is creating a supply chain management platform for the partner combining the Internet of Things and DApps. Aeternity Americas CEO Pablo Coirolo explained: “We want to be the first to offer a business-level solution in partnership with leading technology providers and cannabis producers, processors and distributors. [...] æternity technology is ideal for tracking the entire cannabis production process, from seed to full plant growth, throughout the …

Blockchain tracking startup TruTrace Technologies Inc. has partnered with "Big Four" auditing firm Deloitte to track cannabis using blockchain technology. Investing news outlet ProactiveInvestors reported on Sept. 4 that TruTrace is launching its StrainSecure product in partnership with Deloitte. The system employs blockchain technology to track cannabis from seed to sale, in order to guarantee that customers and retailers know the history of the product. TruTrace CEO Robert Galarza said that the new system will bring more transparency to the cannabis industry. The partnership with Deloitte will purportedly help the product reach a wider base of stakeholders since the firm …

A couple operating out of Merced, California have pleaded guilty to selling drugs on the dark web in exchange for cryptocurrencies, including Bitcoin (BTC) and Bitcoin Cash (BCH). The United States Department of Justice announced the charges in a press release on Aug. 6. According to the announcement, Jabari Monson has pleaded guilty to conspiring to distribute controlled substances, while Saudia Monson plead guilty to violating the Travel Act. Saudia allegedly used both mail and the internet to distribute controlled substances. According to the press release, the Monsons distributed cocaine, cocaine base, methamphetamine and marijuana through multiple vendor accounts on …

The state of Arizona has accepted a blockchain-based, cannabis industry-oriented payments solution into its fintech sandbox. According to a recent press release from the Office of the Attorney General, the company — called Alta — is a cash management solution for licensed medical marijuana providers and vendors. The Arizona-based financial services startup intends to offer a stablecoin that is pegged 1:1 with the United States dollar. During its sandbox testing phase, Alta will trial its member onboarding and remittances platform. The end goal of the platform is to let users pay for goods and services using the stablecoin instead of …

Canada-based blockchain and crypto company DMG Blockchain Solutions Inc. (DMG) has announced the development of a global supply chain management platform for the legal cannabis industry, according to an announcement published Oct. 17. As reported by Canada’s national public news and information service CBC, the country’s government officially legalized recreational marijuana as of today. Cannabis was previously available only for medicinal use within the country. According to Health Canada, there are currently over 120 licensed cannabis producers in Canada, where one of the top producers has already stated that labor shortages and supply chain issues could lead to scarcity soon …

Cryptocurrency caught mainstream attention when the industry’s total market cap hit $600 billion at the end of last year. The highly anticipated cannabis industry in the United States is similarly being pushed into the spotlight by a “green rush” of investors flooding Wall Street, who expect the industry to be worth $75 billion by 2030. Aside from attracting high volumes of bold new investors, the cannabis and cryptocurrency industries in the U.S. also share some major issues: Both are high-risk, legally uncertain and have government regulators breathing down their neck. The potential uses of cryptocurrency and blockchain align with the …