Blockchain-based Cannabis Oil Developing Through the Blockchain
A blockchain-based cannabis oil company has announced it will launch its first product on the blockchain in the coming weeks.
The company behind the product is developing its own version of THC oil, but the company has yet to name the product.
The company has said that the product will be available in Canada, Europe, and the United States.
“As we develop the technology and infrastructure necessary to build and market our product, we will be unveiling details of our product and product line-up in the near future,” the company said in a statement.
The cannabis oil industry has been booming in recent years.
The number of US patients seeking treatment for cannabis-related conditions jumped from a low of 50,000 in 2014 to 1.2 million in 2016, according to the Drug Enforcement Agency.
The drug remains illegal in many states, though its use has been steadily declining in the last few years.
A survey from the US-based research company Cannabidiol found that in the year before the legalization of cannabis, the use of cannabis by Americans had declined from 40 percent to 18 percent.