This past decade we have seen a change in our mindset on marijuana. Either it be for medical or recreational, marijuana went from being sold in back alleys or shady neighborhoods to being sold in dispensaries that are being opening all over the country(USA). Although marijuana might be legal at the state level, federal level its still illegal and with that banks are not willing to work with the dispensaries. A way for these dispensaries to store the money earned from business is to turn to blockchain technology.
What is CANN?
Cannabiscoin is one of a few different cryptos aimed at the marijuana industry. Cannabiscoin is to ease transactions for medical marijuana dispensaries. Its also saving people who need the herb a lot of money because CANN is pegged to marijuana. Pegging means to link a cryptocurrency to bank issued currency or item. Tether is an example of a pegged coin as its linked to the USD so 1 Tether is $1. CANN is pegged to a gram of marijuana so if the value of CANN is low then the customer can save money.
The Current Price of CANN
The current price of CANN is $0.07 with a market cap of $5.7 million and its ranked 546 on Coin Market Cap.
I am not registered as an investment adviser with any federal or state regulatory agency. The Information should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information provided for informational and educational purposes only.
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