Cryptocurrency has long been held up as a panacea for the worldwide cannabis industry’s well-publicized banking problems.
Despite being legal in many countries and states for either medical or recreational use, cannabis is still illegal under federal law. The resulting regulatory uncertainty has locked the industry out of the traditional financial system.
Dispensaries and other cannabis companies have been mainly shunned by federal banks and credit card networks, forcing them to hoard cash on-site – a practice that has made them a target for violent robberies.
Crypto and cannabis have now reached a point where it is impossible not to recognize the substantial changes in the culture of the overlapping industries.
What Is the Budblockz Project?
Budblockz is an Ethereum Blockchain project that provides an E-commerce solution for the global cannabis industry.
BudBlockz is building a community that will benefit the cannabis industry. The platform will be handy for anyone involved with cannabis, including farms, users, cafes, dispensaries, businesses, and those looking to invest in this rapidly growing sector.
Budblockz aims to facilitate the buying, selling, and trading physical and virtual marijuana products. It is a decentralized economy backed by the Ethereum Blockchain with the world’s first asset-backed NFTs for cannabis products, with its native token BLUNT used as a medium of exchange.
This provides private and secure global transactions that bypass the banking system so that users can get involved irrespective of location.
Do not forget that the legal cannabis industry is a multibillion-dollar market encompassing sectors such as healthcare, pharmaceuticals, FMCG, and industrials.
According to a report published by Allied Market Research, the global cannabis market generated $25.7 billion in 2021 and is projected to reach $148.9 billion by 2031.
So, taking even a 1% market share will make Budblockz an entity worth over a billion. The team plans to establish a new industry standard currency, BLUNT, for global payments and processing to enhance the market’s penetration.
Because BudBlockz is built on the Ethereum Blockchain technology, investors can simultaneously gain exposure to the cannabis and cryptocurrency market, regardless of location and local laws. This will allow them to invest and help the industry grow.
In addition, investors who purchase BudBlockz’s extensive array of Ganja Guruz NFT can gain percentage ownership of a marijuana dispensary or farm. This helps businesses, promotes the community, and gives global investors direct exposure to the industry – including the ability to speculate and profit from the sector’s growth.
As forecasters predict the cannabis market will be worth US$150 billion by the decade’s end, this is an appealing opportunity.
Also, as BudBlockz is built on the popular and well-established Ethereum blockchain, users can access its ecosystem. This means that users can utilize decentralized exchanges (DEX) and other DeFi products.
There are lots of events and other processes to follow, such as BLUNT token staking, listing on Coingecko, Coinmarketcap, Centralized Exchange, and the release of the Ganja Gurus NFT collectibles on Opensea.
The global cannabis market is growing very fast, and using the blockchain to create a community and allow international involvement makes a lot of sense.
Learn more about BudBlockz (BLUNT) at the links below:
Official Website: 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
