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Potchain 1.0: Why the Legal Weed Industry Is Embracing Blockchain

Submitted by Marijuana News on Wed, 11/16/2016 - 08:45

We're still in the infancy of discovering all of the use cases for blockchain technology, but the legal cannabis industry is embracing the evolving immutable ledger in many creative ways.

Last Tuesday, America made a lot of decisions. We cast votes that will shape what our country looks like over the next handful of years and beyond. Yet, for all the surprises election night brought to many, everything went according to plan on the cannabis legalization front.

Maine, Massachusetts, Nevada, and the big domino the whole legal weed industry was watching intently—California—joined Alaska, Colorado, Oregon, and Washington in legalizing recreational marijuana on election night. Arkansas, Florida, Montana, and North Dakota passed medical marijuana legislation, bringing the number of legal medical marijuana states to 28 plus the District of Columbia. That's more than half the country in which ganjapreneurs can soon start new businesses that...

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