Cannabis Industry Sees Growth with Blockchain-Based Financial Solutions

Cannabis Industry Growth and Banking Challenges

The global cannabis industry is experiencing rapid growth as regulations become more supportive, leading to increased revenues from recreational marijuana sales worldwide. However, companies across the cannabis supply chain still face significant challenges in accessing traditional banking services and funding sources.

BudBlockz: Blockchain-Based Investment Platform

BudBlockz (BLUNT) is a new crypto platform that enables users to invest in cannabis-related companies at various stages of the supply chain. The platform is set to launch its presale soon and has introduced an NFT-based marginal-ownership program. This program allows users to purchase NFTs representing ownership stakes in cannabis businesses, including farms, production facilities, cafes, dispensaries, and private clubs. Each company can set its own terms, such as ownership stakes, profit-sharing, and additional perks for NFT holders.

The NFTs will be tailored to comply with the specific laws and regulations of each company’s operating region. The program is exclusive to members of the BudBlockz Lounge, an elite community accessible through the purchase of the core BudBlockz NFT collection. This model eliminates the need for commissions on NFT sales, helping BudBlockz cover operational costs.

Global Cannabis Capital: Traditional Investment Fund with Blockchain Twist

Global Cannabis Capital (GCC), founded by Andrés Israel, is taking a different approach by operating as a traditional investment fund. Focused primarily on the lucrative Latin American cannabis market, GCC has built a diverse portfolio of 20 companies across various cannabis verticals. Based in Luxembourg, GCC plans to list on the Luxembourg Stock Exchange by mid-2023 and is exploring the creation of an exchange-traded fund (ETF) and the cannabis industry’s first publicly traded index fund.

A New Era of Investment Opportunities

In a challenging economic climate, the cannabis industry represents a vast, underdeveloped market with significant growth potential. BudBlockz and Global Cannabis Capital are paving the way for investors to access opportunities that were unimaginable just a decade ago. These platforms are leveraging blockchain technology to overcome traditional financial barriers, offering innovative solutions for both investors and cannabis businesses.

The rise of blockchain-based finance is set to transform the cannabis industry, providing much-needed access to capital and investment opportunities. As these initiatives gain momentum, they are poised to play a pivotal role in shaping the future of the global cannabis market.