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Cannabis is one of the world’s most controversial and rapidly changing industries. As more and more countries legalize cannabis for recreational and medicinal use, the industry is expected to grow exponentially. However, many challenges must be addressed to ensure that the cannabis industry can reach its full potential.
BudBlockz Helps in Quality Control
One of the biggest problems facing the cannabis industry is quality control. Since cannabis is still illegal in many parts of the world; there is no standardization or regulation of products since cannabis is still illegal in many parts of the world, and this can lead to inconsistency and poor-quality products, which can be dangerous for consumers.
BudBlockz is addressing this problem by creating a blockchain-based platform that will track and trace cannabis products. It will ensure that all products are of the highest quality and that consumers can be confident in what they buy.
BudBlockz Provides Access to De-Fi
Another problem facing the cannabis industry is the lack of access to banking services. Banks and credit card companies are hesitant to work with businesses in the industry since cannabis is still illegal at the federal level in the United States.
Lack of access to financial services leads cannabis dispensaries and farms to hoard cash on site, making them a major target of robberies. Additionally, the lack of access to traditional finance makes it difficult for businesses to obtain the financing they need to grow and expand.
The problem is further compounded by the large reserves of capital required to start a cannabis business. For instance, it can cost up to $80,000 just to obtain a license in a state like California, and the business owner still has to pay an application fee and then find premises and buy supplies. Overall, the costs associated with starting a cannabis business and the lack of financing have stopped many would-be entrepreneurs from achieving their dreams.
With BudBlockz, cannabis entrepreneurs can leverage decentralized applications on the Ethereum blockchain to get loans to finance their start-ups or grow their already existing businesses.
Inefficiencies in The Supply Chain
Cannabis products pass through many businesses before they get to the user, creating numerous potential points of failure. BudBlockz will come in handy in helping to pinpoint any inefficiency in the cannabis supply chain and nipping them in the bud.
With BudBlockz, customers can access information on their favorite pot products. Customers can get a complete picture of the purchase journey, from when their product was just a seed to how many parties were involved in the supply chain before the product got to the dispensary and finally into their shopping cart.
BudBlockz Ecommerce Platform Is a Safe and Private Space
The cannabis industry is also faced with the problem of stigma from society and even in the medical field. Beginner cannabis users may find it difficult to walk into physical stores to purchase weed products for fear of being shunned by the community.
By launching a global eCommerce store, BudBlockz will allow cannabis enthusiasts to shop for their products safely, securely, and discreetly. However, physical weed products will only be available in states where the use of cannabis is allowed.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: https://budblockz.io/
Presale Registration:: https://app.budblockz.io/sign-up
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
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