Dear Friends and Partners,
7 Questions to Raphael Mechoulam
Raphael Mechoulam is not a breeder or a seedbank owner, Mechoulam is not either a grower, a businessman or Cannabis advocate, as a matter of fact, the professor does not even use the Cannabis plant himself.
Bitcoin, Blockchain and Cannabis
Almost ten years ago, bitcoin fueled the dark web, where illegal drugs and illicit goods were sold on the Silk Road black market. Today, blockchain technology could bring much needed transparency, legitimacy, and security to the legal cannabis industry. Here’s how:
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Cannabis Vaping is on the Rise
Portable cannabis vaporizers are revolutionizing the cannabis consumption experience. Thanks to their greater ease of use, convenience, and health benefits they are driving veteran and new cannabis consumers towards growth in vape adoption.
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Big Tobacco Eyes the Lucrative Cannabis Industry
While their industry remains illegal on a federal level, many marijuana growers and retailers fear something completely different: Big Tobacco. Large tobacco companies have garnered expertise in lobbying, marketing, and manufacturing that have huge implications for competition within the cannabis industry. With estimated total revenue of $45B Cannabis sales are above both wine and chocolate consumption. Bloomberg Intelligence analyst, Ken Shea spoke of this as “an extremely compelling opportunity for the tobacco companies to look at closely.”
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Colorado Credit Union Goes National to Solve Cannabis Banking Problem
Due to the federal government’s stance on cannabis (schedule I drug), most cannabis business owners operate without access to traditional banking services. A Colorado-based credit union may have the solution. They have created software that allows for secure cannabis banking and are creating a network of financial institutions that are looking to cash in on cannabis banking.
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