The world is waking up to the blooming cannabis market and it’s time to elevate this industry, says Eric Benz, a contributor to CannaDAO, which is creating a blockchain-based platform for the cannabis industry. Cannabis is one of the fastest-growing industries globally, with governments across the world taking steps toward legalization and investors doubling down on backing the technology last year to help propel the industry forward. This has led to the industry thriving despite an ongoing pandemic and a supply chain nightmare. Eric Benz, contributor at CannaDAO, a project that is creating an ecosystem of opportunity for the cannabis industry via tokenization and a permissionless, decentralized, on-chain platform governed by its members, says that legalization of the cannabis industry will open up immense opportunities to individuals and businesses in global markets and in turn pave the way for other plant medicines and treatments to come. Benz says Cannabis has been misrepresented in the media and across the industry for more than a century and as a result, the perception and understanding have been completely misguided and that the industry has gone through an incredible maturation process and the world is beginning to wake up to all the wonderful benefits this plant provides. “In addition to saving lives, cannabis is also cleaning the pollution in the air, replacing concrete, and transforming the way we harness plant medicine overall. The countries that have banned cannabis have done so for reasons which have no merit and are based on antiquated beliefs and societal stereotypes which are no longer fit for purpose. The world is waking up to the blooming cannabis market and it’s time to elevate this industry,” he says.Asked if lifting bans on this industry would increase cases of addiction, Benz said Cannabis is a natural plant used to cure pain and also help with anxiety and depression and that the industry is at a tipping point and it is bursting at the seams waiting for regulation to open up to take full advantage. “Once more bans are lifted it will begin putting cannabis in a new light and showcase the benefits and opportunities whilst redefining how cannabis is represented in media and by governments,” he says.He added that the current industry is extremely regulated and now that regulatory framework has to be adapted to the web3 world, allowing technology and the community to empower the advancement of the cannabis industry.
420 Intel – Marijuana Industry News, 02/27/2022 19:00:00