Tuesday, May 24, 2022
High Yields Cannabis/Marijuana/ Weed News
  • Home
  • Cannabis Stocks
  • Cannabis Strains
  • Cannabis Laws
    • Marijuana Laws in All 50 States
    • International Marijuana Laws 2021
  • Product Reviews
  • Growing
  • Write for Us
No Result
View All Result
  • Home
  • Cannabis Stocks
  • Cannabis Strains
  • Cannabis Laws
    • Marijuana Laws in All 50 States
    • International Marijuana Laws 2021
  • Product Reviews
  • Growing
  • Write for Us
No Result
View All Result
High Yields
No Result
View All Result
Home Cannabis Stock Quotes & News

A Swedish team created a crypto currency and tools for the cannabis industry

Jeremy Vedder by Jeremy Vedder
November 1, 2021
in Cannabis Stock Quotes & News
0
California cannabis brands fined for violating Environmental Laws

READ ALSO

Ayr Wellness Receives Approval to Begin New Jersey

Eden Empire Inc. Signs Non-binding LOI With PLANTAVIDA to

Written by: Daniel Daboczy

CANNA (The CanCoin) is now also listed on 3 exchanges

The cannabis industry is growing at a rapid pace, but you know this. Interesting enough, we at L.A. Cannabis News just wrote that the EU legal cannabis industry is about to surpass the US legal industry.

The team behind The CanCoin (CANNA) are: Daniel Daboczy, European crowdfunding veteran, with David Bonnier and Amaury de Poret, the co-founders and investment managers of Enexis, one of the first cannabis investment companies in Europe, and Technicorum Sweden/Singapore one of the leading global crypto advisors.

When the team saw what unnecessary issues the current banking and payment system has for the cannabis industry, they saw that this can be solved with a proper cannabis industry token and smart FinTech tools.

The token can be bought on PancakeSwap here https://bit.ly/CANNAonPancakeSwap or on www.thecancoin.com

The CanCoin team aims to offer you in the industry a wallet (Google Play already launched) and a method to use CANNA as partial or full payment onwards instead of you using a plethora of payment methods that charge high fees, can block your account or create messy situations instead of supporting our fast growing industry. Partial payment in CANNA for services and goods are already available and happening so check them out.

Partnership offer.

The CanCoin team understands that the industry needs to hold, use and offer the CANNA token for its faster adoption rate and usage. Therefore they offer a very generous onboarding offer for companies keen to potentially use CANNA as their payment gateway. They offer 100,000CANNA tokens for free right now so make sure to sign up fast. 1 CANNA is roughly 0,05USD now but has been between 0,13USD and 0,03USD in the last 3 weeks. https://thecancoin.com/company-partner-sign-up/

There is no denying that the cannabis industry has made a stride into the legalization and growth in the industry. Legal cannabis broke new ground in many ways which includes countries legalizing the recreational and medicinal use of cannabis. The legislation on legal cannabis is currently spreading at three times the rate of North America. Over 375 million Europeans have access to medical cannabis and this figure is expected to grow exponentially over the next five years with the increase in legal cannabis sales projected to grow from $30 billion in 2020 to $95 billion by 2025.

Background

Businesses within the cannabis supply chain such as manufacturers, distributors, payment providers within the cannabis industry have grown and have evolved to adapt with the ever changing regulation. As the legal cannabis industry continues to establish itself, more established companies outside the cannabis industry enter the cannabis business offering sound and smart tools that perhaps have been earlier kept out of our industry, for instance all FinTech tools.

Businesses dealing within the cannabis sector face tremendous challenges with the financial institution. Companies have limited access to capital and have to rely on cash which then limits the potential business expansion. Large financial institutions are unwilling to take the risk of getting involved as regulated financial institutions could be penalized for working with cannabis companies due to the Controlled Substance Act. Although most cannabis businesses have access to smaller banking, this does not solve the challenges associated with payments. Many operators are forced to accept cash to transact with customers and suppliers which is inefficient, costly and unsafe for both businesses and consumers.

Cannabis is becoming more accepted in society, we have seen the legality of cannabis for medicinal and recreational purposes, some still see cannabis as an illegal substance. To overcome the stigma, large scale financial technology and marketing companies came up with strategies to promote the acceptance of cannabis into the society.

About the CANNA wallet

The CanCoin project had recently launched its blockchain CANNA mobile wallet that supports cryptocurrencies in multiple networks such as ETH/xDAI/BSC. The CANNA wallet aims to make cryptocurrency accessible to anyone by providing seamless transactions within the $CANNA ecosystem through KingSwap and PancakeSwap DEXs (Decentralised Exchanges). The Cancoin wallet is designed with built-in cryptocurrency real-time price feed for most digital assets. The convenient all-in-one wallet provides direct access to updated pricing information of their $CANNA and NFTs and helps users to manage token addresses for quicker transactions including trading and access to DApps (Decentralised Applications).

Published: November 01, 2021

Founder & Interim Editor of L.A. Cannabis News

[Original Source]

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Related Posts

Victory Square Technologies Provides Corporate Update –
Cannabis Stock Quotes & News

Ayr Wellness Receives Approval to Begin New Jersey

May 24, 2022
Could 2021 Be the Year of Federal Cannabis Legalization?
Cannabis Stock Quotes & News

Eden Empire Inc. Signs Non-binding LOI With PLANTAVIDA to

May 24, 2022
OG Kush: The Legendary Cannabis Strain Of All Time Reviews
Cannabis Stock Quotes & News

Rubicon Organics Reports First Quarter 2022 Financial

May 24, 2022
Green Thumb Industries Opens LEAP New Business Accelerator
Cannabis Stock Quotes & News

Sugarbud Announces Q1 2022 Financial Highlights and Filing

May 24, 2022
Your guide to celebrity cannabis brands in 2022
Cannabis Stock Quotes & News

Your guide to celebrity cannabis brands in 2022

May 24, 2022
Jushi Holdings Inc. to Open Its 21st BEYOND / HELLO™ Retail
Cannabis Stock Quotes & News

Jim Cramer explains what needs to happen for cannabis stocks to bounce back

May 24, 2022
Next Post
Ketamine One Announces Late Filing of Annual Financial

Ketamine One Announces Late Filing of Annual Financial

  • Trending
  • Comments
  • Latest
Monthly Spotlight: The Best of Plain Jane CBD

Monthly Spotlight: The Best of Plain Jane CBD

April 8, 2022
The Ultimate Dr. Dabber Stella Vaporizer Review for 2022

The Ultimate Dr. Dabber Stella Vaporizer Review for 2022

April 19, 2022
volcano hybrid review 2022

The 2022 Volcano Hybrid Vaporizer Review: All You Need To Know

May 23, 2022
The Utillian 5 v3 Wax Pen Review for 2022

The Utillian 5 v3 Wax Pen Review for 2022

March 27, 2022

The 7 Best Smell-Proof Weed Bags To Keep Your Bud Stash Safe

April 27, 2022
The Best Synthetic Urine Kit to Pass Your Drug Test in 2022

The Best Synthetic Urine Kit to Pass Your Drug Test in 2022

May 23, 2022
The 10 Best Smell Proof Backpacks for Weed in 2022

The 10 Best Smell Proof Backpacks for Weed in 2022

May 5, 2022
Victory Square Technologies Provides Corporate Update –

Ayr Wellness Receives Approval to Begin New Jersey Adult-Use Retail Sales

May 24, 2022
Former NFL Running Back Marshawn Lynch Launches Premium Blunt Brand

Former NFL Running Back Marshawn Lynch Launches Premium Blunt Brand

0
Major Marijuana Coalition Forms To Coordinate Legalization Push, But Some Key Advocacy Players Aren’t Involved

Major Marijuana Coalition Forms To Coordinate Legalization Push

0
MMJRecs - cannabis leaf

How Medical Marijuana Can Help Treat Sleep Disorders

0
Colorado Cannabis Sales Exceed $2 Billion in 2020

Colorado Cannabis Sales Exceed $2 Billion in 2020

0
Victory Square Technologies Provides Corporate Update –

Ayr Wellness Receives Approval to Begin New Jersey Adult-Use Retail Sales

May 24, 2022
Victory Square Technologies Provides Corporate Update –

Ayr Wellness Receives Approval to Begin New Jersey

May 24, 2022
EnWave to Report Third Quarter 2021 Financial Results on

Ayr Wellness Receives Approval to Begin New Jersey Adult-Use Retail Sales :: Ayr Wellness Inc. (AYR.A)

May 24, 2022
Marijuana MSO MedMen successfully fends off $60 million Arizona lawsuit

Marijuana MSO MedMen successfully fends off $60 million Arizona lawsuit

May 24, 2022

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • March 2020

Categories

  • 1933 Industries
  • 4front Ventures
  • Acreage Holdings
  • Ascend Wellness
  • Ayr Wellness
  • Body & Mind
  • C21 Investments
  • Cannabis Stock Quotes & News
  • Cansortium Inc
  • Captor Capital
  • Ceres Acquisition Corp
  • Chalice Brands
  • Columbia Care
  • Cresco Labs
  • CuraLeaf
  • Gage Growth
  • Glass House Brands
  • Green Thumb Industries
  • Grown Rogue International
  • Harborside
  • Item 9 Labs
  • Jushi Holdings
  • Lowell Farms
  • MariMed
  • MedMen Enterprises
  • News
  • Next Green Wave
  • Planet 13
  • Plus Products
  • Product Reviews
  • Red White & Bloom
  • SLANG Worldwide
  • Sol Global Investments
  • TerrAscend
  • TILT Holdings
  • Trulieve
  • Verano Holdings
  • Vext Sciences
  • Vibe Growth

Recent Posts

  • Ayr Wellness Receives Approval to Begin New Jersey Adult-Use Retail Sales
  • Ayr Wellness Receives Approval to Begin New Jersey
  • Ayr Wellness Receives Approval to Begin New Jersey Adult-Use Retail Sales :: Ayr Wellness Inc. (AYR.A)
  • Marijuana MSO MedMen successfully fends off $60 million Arizona lawsuit

QR Code

A Swedish team created a crypto currency and tools for the cannabis industry
No Result
View All Result
  • Homepages
    • Home Page 1
  • News

© 2021 High Yields