Ask Facebook And JP Morgan.
Cannabis legalization has gained significant political traction but is still a fragmented industry hindered by an obscured economic and digital ecosystem.
CannaSOS offers a solution to this issue, leveraging their platform’s growing user base, they are integrating Blockchain technology into their existing ecosystem and reward system to facilitate a transparent and standardized ecosystem for the cannabis industry.
Despite medical cannabis legal status in over 28 states, the industry faces significant disadvantages regarding their permitted business methods. There is a huge separation across the various business sectors within the supply chain from producers to dispensaries.
The legal cannabis industry, like cryptocurrency market caps, has been growing for years gaining the attention of savvy investors. These two markets are intersecting right now.
There is currently no unified solution for medical cannabis industry which is being stifled by third parties within digital advertising and financial infrastructures, however, these issues can be addressed through the Blockchain.
Several companies have tried to integrate a solution through token offerings but, unlike existing token offerings, CannaSOS already has a working solution and a rewards-based platform with thousands of users. This is the largest cannabis platform in North America that is offering an answer to establishment media and banking institutions attempts to stifle the political unity for a society with cannabis.
The PerksCoin token (PCT), is a non-rent token available for use within the CannaSOS ecosystem which was established in January 2015. The PCT token is set to run on decentralized blockchain technology, ensuring transparency and security of all financial transactions.
The PCT token is much more than another Blockchain solution or cryptocurrency investment. PCT token and the CannaSOS Global PTP Ecosystem offer a comprehensive solution to a community veiled in the shadows of a black-market, offering a realignment of our society regarding freedom of data, finances and personal choice.
Social media advertising is not serving its users, it is invasive to privacy and destructive to the nature of the free worldwide web. As a result, media and social platforms are becoming decentralized allowing microecosystems and microeconomies to flourish across a variety of verticals. CannaSOS is a prime example of this phenomena within the cannabis industry.
Platforms such as Google, Bing, Facebook and others ban anything regarding cannabis and Cannabidiol (CBD). These blacklists are being used by the establishment to push for censorship by choking the cannabis industry’s funding.
According to the Facebook Advertising Guidelines, “Ads may not promote or facilitate the sale or consumption of illegal or recreational drugs, tobacco products, or drug or tobacco paraphernalia.” Just this October, Gallup found that nearly two out of three people believe that cannabis should be legal for adults across all political affiliations.
Cannabis businesses have no access to banking services. Banking institutions report to the Federal Deposit Insurance Corporation, which is a federal entity. Since the federal government lists marijuana as a schedule I substance, providing banking services to cannabis-based businesses could be viewed as money laundering and result in criminal charges.
Dispensary owners are looking to provide their employees with normalized wage payments and avoid substantial risks associated with storing and transporting large amounts of cash.
In the News
IBM is promoting the use of blockchain technology in the legal distribution of cannabis. According to a document issued to the government of British Columbia.
IBM has cited blockchain ICO as a viable technology to ensure consumer safety. CannaSOS has recognized these benefits and more – great minds think alike.
At the forefront of two nascent industries, the CannaSOS Global PTP Ecosystem is positioned as industry leaders addressing obstacles in the financial, advertising, and loyalty sectors within the cannabis industry all before their token offering and blockchain and digital currency integration.
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Disclaimer: We have partnered with CannaSOS to make their token offering a success. The information in this article is for informational purposes and does not constitute legal advice or instruction. You take your own risks with cryptocurrencies and tokens.