Hottest sectors within cannabis technology

While “cannabis entrepreneur” was interpreted as “drug dealer” just 10 years ago, the influx of credible companies and professionals into this industry is quickly putting an end to that stigma. From Silicon Valley to New York City, technology companies in particular play a huge role in legitimizing this industry to the point of going mainstream. Here are some of the hottest sectors in cannabis:

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Blockchain in Cannabis

Marijuana is currently classified as a schedule I substance, the same class of heroin making the legal sale of cannabis a federal crime. This loophole creates a system where large commerce stakeholders like banks and credit card companies refuse to collaborate with the cannabis industry. Without conventional partners, many business owners are sidelined and alternatively work in a nearly all cash business. The lack of security and transparency is problematic for regulators and those in the industry. Blockchain technologies, however, create a more open and reliable means of trade.

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