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17 Cannabis Cryptocurrencies To Get High On

There will only ever be 42,000,000 GanjaCoins, which is lower than other cannabis cryptocurrencies. As of April 2023, medical marijuana was legal in 38 states and D.C., and as of November 2023, 24 states and D.C. Marijuana is still illegal at the federal level, making It difficult to conduct financial transactions even in states where pot is legal. Cryptocurrencies make it easy for those in the marijuana industry to carry out transactions.

CannaCoin (CCN)

This means that instead of paying employees and suppliers with cash and accepting exclusively cash payments, businesses can accept Tokes tokens. There are more than a few ways to invest in cannabis cryptocurrencies. You can run your cannabis business, store medical records and instantly accept payments on blockchain. And every day, it becomes easier to buy legal weed with cryptocurrency. You can buy PotCoin on multiple exchanges including Bittrex, Changelly, PotcoinTrade, and PotWallet.

Cannabis Cryptos

With GanjaCoin, they pay fewer fees, avoid the danger and expense of armored cars and track sales via blockchain. GanjaCoin is another weed cryptocurrency for buying weed both from dispensaries and online. THough GanjaCoin’s website, you can buy CBD products and smoking accessories. Additionally, GanjaCoin, which is a privately created cryptocurrency, is working on dispensary partnerships.

• PotCoin was one of the earliest cannabis cryptocurrencies, launched in 2014.
• Keep in mind that one CANN coin is worth a little over $0.01 USD today.
• This could mean anything from filling a doctor-issued medical marijuana to recording cannabis lab testing results.

A customer wants a guarantee that they’ll receive that they paid for, which could take the form of a smart contract. Marijuanacoin is a digital cryptocurrency based on Bitcoin. They have their own unique blockchain and are a decentralized network.

MarijuanaCoin

Specifically, HempCoin is the first weed cryptocurrency focused on farmers rather than weed consumers. Way back in 2014, HempCoin came into being to facilitate buying farming supplies in bulk. Budbo is a decentralized blockchain technology designed to help cannabis businesses stay in total compliance with the law. It caters to all different types of cannabis businesses.

• There can only ever be 294,336,000 of this open-source, PoW-backed cryptocurrency.
• You can directly donate BGR to the Bongger Foundation.
• Cannacoin is an open-source cannabis altcoin that runs on its own decentralized blockchain.
• Similar to Bitcoin’s 2017 spike, This weed cryptocurrency hit a record high market cap of almost $160 million in early 2018.
• Though blockchain will revolutionize industries across the globe, it has already made buying weed or starting a legal weed business easier than ever.

In 2017, a press release and a video of former NBA star Dennis Rodman sporting a PotCoin.com shirt in North Korea doubled its value in one day. Like Bitcoin’s and HempCoin’s trajectories, PotCoin’s market cap peaked at $90,097,520 on January 1, 2018. In June, PotCoin spiked again when pro-basketball player Dennis Rodman wore a PotCoin.com t-shirt to the US-North Korea summit.

Its purpose was to meet the specific needs of weed producers. As a member of Growers International’s decentralized platform, marijuana growers can chart seed-to-sale data and keep a record of their plants’ genetic makeup. In this way, the immutability of the decentralized ledger lets growers prove a strain’s authenticity. Blockchain is, at its core, a ledger for recording transactions that you cannot alter thereafter. For instance, a weed producer wants to track what nutrients they’ve given their plants, and where the plant is in the flower life cycle. A dispensary wants a cheap and efficient record of sales and point of sale system.

Unlike other cannabis cryptocurrencies, Paragon isn’t for buying weed. Instead, Paragon’s PRG token is focused on helping weed businesses grow. You can convert other cryptos to DopeCoin on Bittrex. This renegade cannabis cryptocurrency is capped at 200 million. There are a lot of companies that provide blockchain and cryptocurrency-based services to legal weed companies.

It is a proof-of-work, peer-to-peer open-source currency for easy transactions for medical marijuana dispensaries. CannabisCoin promises to convert cryptocurrency directly into marijuana. As a cannabis cryptocurrency, GanjaCoin is unique because it’s the first one backed by feminized cannabis seeds. In the future, GanjaCoin will back each coin with a whole gram of weed. The benefit of using this model, in addition to offering a value guarantee, is that marijuanacoin it keeps supply low.