MassRoots Inc. is launching blockchain technology for the cannabis industry – a digital ledger that can be used to record financial and informational transactions, the company announced today. The technology provides services such as seed-to-sale traceability, smart contracts, and identity management while allowing businesses to eliminate intermediaries and increase corporate transparency.

“We believe blockchain has the potential to enable the cannabis industry to operate more efficiently, accountability, and with a greater degree of transparency. MassRoots looks forward to being a pioneer in exploring blockchain-based solutions for the multi-billion dollar cannabis industry.” – MassRoots CEO Isaac Dietrich

So far, the most well-known use of blockchain technology has been cryptocurrencies. In November, IBM pitched blockchain technology to the British Columbia, Canada government as they roll out regulations for the nation’s forthcoming legal cannabis industry as a means to take control of “sourcing selling, and pricing” cannabis products.

At least two firms – Tokken and Cannabis Hemp Exchange – have targeted Colorado’s cannabis industry as a market for blockchain tech. In September, the start-up Paragon launched its own blockchain tech focused on the legal cannabis industry along with a cryptocurrency known as ParagonCoin.

MassRoots has formed a wholly-owned subsidiary, MassRoots Blockchain Technologies, Inc., focusing on the tech.

Do you own a cannabis industry business? Create a listing in our directory and get discovered by new clients - Click Here
.

Tags: , , | Categories: Cannabis Business News

Learn about cannabis businesses:

View the directory | Get featured here

  • Emerald Elite Consulting

    We are cannabis cultivation specialists. With over 40+ years of combined experience from the heart of American cannabis history and innovation, the Emerald Elite team and its network of cultivators offer a truly unparalleled depth of experience for our clients' advantage. Production of the cleanest, highest quality cannabis in the world is our passion.

  • MarijuanaDoctors.com

    MarijuanaDoctors.com was founded as the trusted gateway for patients searching for medical marijuana treatment in legal medical marijuana states. We provide patients visibility and transparency in selecting a doctor and setting an appointment for a medical marijuana evaluation including detailed profile information, scheduling information, and ratings and reviews.

  • PayQwick, Inc.

    PayQwick’s mission is to bring well-established, proven payment processing, regulatory compliance and banking services to the licensed recreational and medical marijuana industries, thereby reducing the risk of violent crime, illegal money laundering and violation of state marijuana regulations. PayQwick serves state licensed Producers, Processors, Wholesalers, Distributors, Dispensaries and Retailers.

  • Viridian Staffing

    Founded in 2013 and dedicated solely to all sectors of the cannabis industry (Medical, Adult Use, Industrial Hemp and Ancillaries), our highly experienced recruiters have over a decade of experience (each) in human resources, staffing and recruiting for Fortune 500/100 companies across a broad spectrum of closely related industries including: food & beverage, agriculture, consumer packaged goods, software, medical technology and paper/pulp.

  • Tax Center & Accounting LLC

    Complete tax and accounting services for your cannabis business. We are a full-service Tax and Accounting firm dedicated to providing the highest quality of service and support to small and medium-sized businesses and individuals.

  • Green Fields Accounting

    We have a full bookkeeping service to help you keep your financial statements compliant. We are also experts in taxation. We keep informed of all the latest industry tax changes. We are also Enrolled Agents who are experts in defending our clients in audits with the IRS. We can also help with sales and excise taxes applicable to your business. We will make sure you understand Form 8300 and take care of the e-filing of this form.

  • CORE Security Solutions

    CORE Security Solutions, Inc. provides security services to a wide array of clients, including the rapidly growing cannabis industry. We are fully licensed and insured by the California Bureau of Security and Investigative Services (BSIS). We currently provide security services to several local cannabis dispensaries in the Bay Area and secure transport and delivery services for cannabis products and proceeds throughout California. Our security specialists are all licensed and our transport vehicles are equipped with secure storage and GPS tracking.

  • Smokin’ Hot Solutions

    Smokin’ Hot Solutions was started seven years ago by three entrepreneurs from Philadelphia. From various entrepreneurial backgrounds, we came together with one cohesive goal; to build a cannabis marketing agency with an innovative and thoughtful approach. At a time when there were few specialty cannabis marketing agencies, and few willing to take the risk, we seized the opportunity. We cemented ourselves as the go-to agency for digital marketing in the cannabis industry.

  • Harbor Collective MMCC

    Harbor Collective is your Downtown San Diego dispensary. 100% LEGAL! Voted Best City-Approved Medical Marijuana Dispensary in San Diego. Harbor Collective MMCC provides quality flowers of Indica, Sativa and Hybrids. We also have a wide selection of Moon Rocks, Cartridges, Edibles, Topicals, Pre-Rolls, Extract Wax and Extract Concentrates. We carry a selection of clones for sale but they sell fast so back orders are sometimes expected. We have great deals on Eternal Cartridges at 4 for $100! and much more! View our special offers page to benefit from our friendly hearts.

  • LC Solutions Michigan PLLC

    LC Solutions offers clients timely accrual based bookkeeping, cost accounting strategies, planning, and consulting services. Our model supports an ongoing client relationship, helping to ensure accurate accounting records throughout the year. We are professional, patient, and creative in our approach. LC Solutions specializes 100% in serving Michigan’s Medical Cannabis industry.

  • HappyChap Creative

    An upstart design/build/create/help/strategize agency based in the Pacific Northwest. We help good people & companies get the recognition they deserve through clever, honest communication and the right look. We love working with cannabis brands who set a high bar for quality and who emphasize the positive impact that cannabis legalization will have on the world.

  • Hay & Associates

    We are a full-service Accounting firm licensed in CA. We offer a broad range of services for business owners, executives, and independent professionals. We are affordable, experienced, and friendly.

Want a job in the cannabis industry?

Sign up to apply for unlimited jobs and get discovered by companies who are hiring

Post Your Resume View all jobs

Recent Job Postings

Subscribe for daily cannabis news, announcements, and business insights.

Stay informed about the latest cannabis industry news, policy progress, and business developments.