The Cannabis Industry Is Scaling With The Help Of New Technologies

Cannabis is bloomig, and blockchain just might be responsible for some of it.


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.