A Californian Cannabis Producer Adopts Blockchain To Track His Weed

A California-based cannabis nursery has turned to blockchain and smart contracts to verify the authenticity of its medicinal plants.

The cannabis nursery, known as the Mendocino Clone Company, was named in a partnership announcement between the EMTRI project and technology company Global Compliance Applications. on January 13.

It will take advantage of the project’s blockchain capabilities to certify all clones, or baby plants, with a batch certificate..

Cannabis nurseries are establishments specialized in plant geneticswhich produce clones, young plants and seeds for wholesale distribution.

The measure allows the nursery to “document the initial stages of a cannabis plant’s journey to becoming a premium product for consumers based on the gram weight at which it blooms,” he stated..

Photo of a cannabis plant nursery. Source: Mendocino Clone Company

The batch certificate is an auto-generated smart contract for each batch of clones. Provides each baby plant with its own “unique identity block”created by the nursery and linked to its Ethereum-based blockchain.

Its customers, which include commercial farms and retail dispensaries, can use it to verify the authenticity of their clones and their genetic lineage.he added.

The first batch of clones with a batch certificate will be available from the first week of February.

Also, licensed growers who purchase Mendocino clones will have access to EMTRI token (EMT) rewards and better fees for participating in the blockchain project.

EMT was launched in November 2022 to offer rewards to project participants. Tokens can be traded on Uniswap for USDC or staked for higher returns. EMT is not listed on any centralized exchanges or cryptocurrency market data platforms like CoinGecko.

EMTRI Corp Co-Founder Scott Zarnes commented:

“We are excited to be at the forefront of the cannabis industry by becoming the first in the United States to adopt this cutting-edge technology in this way.”

Nevertheless, combining cryptocurrency with cannabis is not a new concept.

In November, a cannabis-themed Metaverse project called Cannaland was launched to create a virtual world for cannabis enthusiasts. In January 2022, a custom pipe maker released tokenized bongs; celebrities like Snoop Dogg and Santana bought the NFTs.

Projects like PotCoin (POT) and CannabisCoin (CANN) attempted to create an industry-specific digital currency as early as 2014, but never gained traction.

Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.

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