This article was originally published on The Fresh Toast and appears here with permission.

The blockchain and cannabis industries are two of the newest and largest markets to emerge in our lifetime. Both blockchain technology and the cannabis industry have reached new highs in recent years, but both are facing difficulties in 2023. The blockchain industry remains largely unregulated and is currently recovering from several high-profile scandals. Still, the value and underlying utility of blockchain tools cannot be understated. Its true potential as an unchanging database has hardly been tapped into, particularly as it relates to data recording and security tools.

The cannabis industry has seen its own struggles, as a lack of federal progress has hurt industry funding and disrupted publicly traded companies. The lack of significant banking options, difficulty in payment processing, tax and financial burdens, and lack of regulatory clarity have required cannabis businesses to go above and beyond to simply survive.

But what if these two industries could help one another – could utilizing blockchain technology and tools in the cannabis industry help both fields reach …

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