CBD, the active ingredient of industrial cannabis, is a non-addictive ingredient and is allowed to be widely used in medicine, beverages, e-cigarettes, food, health products, and high-end daily chemical products.
July 14, 2020 /PressReleaseAgency/ —
By the end of 2018, the U.S. President Trump signed the "Agriculture Act" and announced that industrial cannabis CBD is fully legal. Industrial cannabis, which was a highly sensitive topic, has been booming all over the world.
Legalization Highlights the Value of Cannabis, with a Potential Market Size of $500 Billion
By 2019, more than 50 countries around the world have declared cannabidiol (CBD, the main ingredient in industrial cannabis) legal, including the United States, Canada, South Korea, and Japan. With the successive lifting of industrial cannabis in various countries, a global capital frenzy of industrial cannabis has been launched. Giant companies in various industries have set up rapid layout for the industrial cannabis, resulting in the share price of related companies rising sharply.
The price of more than 40 industrial cannabis concept stocks in China's A-share market were doubled, and the total market value has exceeded 250 billion. There are tens of thousands of cannabis-related companies all around the world, of which more than 50 are listed on the NASDAQ, the European Stock Exchange and the Canadian TSX Exchange, with a total market value of more than 500 billion U.S. dollars.
Industrial Cannabis Differs from the Conventional Understanding
CBD, the active ingredient of industrial cannabis, is a non-addictive ingredient and is allowed to be widely used in medicine, beverages, e-cigarettes, food, health products, and high-end daily chemical products. In 2018, the “World Health Organization CBD Research Report” pointed out that CBD cannabinoids are harmless to humans. Due to the scarce reserves and the prominent medical effects in analgesia, anti-inflammatory, antioxidant, anti-vomiting, etc., cannabinoids are expensive as gold in the international market. The medical grade CBD with 99.9% purity is priced at 100 U.S. dollars/gram.
The Legal Cannabis Market will Reach $166 Billion
According to Euromonitor International, in 2018, the global cannabis market (includes legal and illegal) was about 150 billion U.S. dollars, and the legal market was about 12 billion U.S. dollars. As the cannabis legalization process continues, illegal products are continuously converted into legal products. By 2025, legal products can account for 77% of the market, reaching 166 billion U.S. dollars.
Blockchain Solves the Pain Points of the Cannabis Industry Perfectly
At present, the supply chain of the medical cannabis (marijuana) industry is very fragmented, fragile and lacks transparency, and the quality and source of products cannot be guaranteed. 80% of transactions are cash transactions, and only 20% are paid through banks, which is very inconvenient. Restricted by federal law, most banks cannot provide financing loans for medical marijuana companies, making it difficult for some high-quality companies to expand.
There is an urgent need for a trust network that can solve the three major issues of traceability, payment and financing at the same time. The natural genes of the blockchain can exactly meet the needs of the medical cannabis industry in all directions.
In order to upgrade the medical cannabis industry, some cryptocurrencies based on blockchain technology came into being, such as CBDY. The core function of the CBDY token is to provide a distributed ledger and payment accounting system for the medical cannabis (marijuana) industry, thereby creating real medical cannabis cross-border payment, storage data and API industry context, etc., and auxiliary services at all levels can fully use the cross-border convenience and security of blockchain.
CBDY's decentralized platform using blockchain technology, integrates the medical cannabis economy on the blockchain and applying blockchain technology to a decentralized platform, seamlessly connects global medical cannabis assets and services to every target user without borders. In the end, the profits will be distributed to the holders of CBDY.
CBDEXS, as a medical cannabis (marijuana) blockchain & cryptocurrency exchange, pointed out that the medical cannabis market is worth hundreds of billions of dollars, and the blockchain technology can promote the safe exchange of value in a decentralized way, eliminating the need for intermediate institutions. Blockchain-based applications can manage, allocate, and coordinate resources and activities, as well as facilitate interaction between all participants without the need for central arbitration.
Therefore, CBDEXS opens trading services for several types of medical cannabis cryptocurrency. Facing the unevenness of the medical cannabis industry, CBDEXS solves the asymmetry of project information, provides investors with a safe and transparent trading platform, and better realizes its vision for the medical marijuana economy.
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Source: PressReleaseAgency
Release ID: 88968556
