Cannabis is bloomig, and blockchain just might be responsible for some of it.
Source: www.forbes.com
The cannabis industry has been labeled as the hottest industry of 2019. While its legalization is currently limited to a few parts of the world, this has not deterred the speed at which the market continues to grow. According to a Pew Research Center study, 61% of American adults now believe marijuana should be legal. This percentage is nearly double what was reported in a previous study from 2009. However, when trying to sell a product that has been illegal for so long complications often arise. Blockchain technology has been identified as one method to potentially help solve some of the retail-related issues within the cannabis market.
