CannaDAO: The Future of Finance is GREEN

5 min readDec 24, 2021

CannaDAO is the forefront of a new area in the cannabis industry, aiming to push the boundaries of traditional finance. Following long struggles for cannabis rights, both in recreational and medical use, significant legal breakthroughs in the past decades have led to increased tolerance, decriminalization and legalization around the world.

Source of the data in this article (published in 2021): https://f.hubspotusercontent10.net/hubfs/3324860/Reports/NFD-GlobalCannabisReport.pdf

Inevitably, a booming market has flourished in traditional finance over the years, with the following forecasts:

Notice the gap with theillegal industry market size: There is still a huge margin for growth. Notwithstanding that increased legalization of the cannabis industry will lead to even bigger market opportunities.

The US and Canada are currently at the front of the pack regarding market share in the legal industry in 2021:

A huge chunk of the world population (including in the US) is still excluded from benefits of the legal industry, as consumers, growers or investors. Even in some countries where cannabis is legal or tolerated; stringent rules, high cost of operating licences and land ownership, and significant red tape, make it difficult for easy access for all. Around the globe, stigma around cannabis is still hard to shake off and prevent further adoption without costing a lot of blood, sweat and tears.

Since immemorial times, cannabis has often been local community affairs. The globalization of the world economy (and by extension finance, production, supply chain, etc) gave birth to corporations with a stranglehold on major areas of our economy. Think of the antitrust laws that are needed to be protected as a regular consumer or small industry player. The cannabis industry has not been immune to this phenomenon: Just for legal grows for example, access to licenses is already prohibitive and reserved to a few “lucky” ones. Being confined into illegality didn’t help the cause either: Only the most ruthless organizations would survive and thrive, thus again concentrating the power in a few hands.

A core mission of CannaDAO, is to decentralize the cannabis industry and democratize access CannaDAO aims to become a major player in educating, defending and promoting the benefits of cannabis. The objective is to create a community powered, easily accessible investment vehicle, in the cannabis industry without any geographical constraints. CannaDAO is the foundation for new investment opportunities governed by its members. CannaDAO is an inclusive place where like minded individuals can hang around in forums to discuss, propose or vote on cannabis opportunities and trends. CannaDAO is the hotbed for the future of cannabis.

The 3 axes of CannaDAO´s program:

Bring back the original spirit of cannabis communities. By building a decentralized governance platform for cannabis enthusiasts of all over the world, where they can engage in all kinds of self governed communities rallying growers, consumers, scientists, academicians, and investors. By their size, collaboration and being able to come out as a united front, CannaDAO´s communities will have major leverage on the real world: Decide on the future of cannabis, lobbypolitical establishments, lead educational programs, fund scientific researches, and engage in decentralized investment opportunities inaccessible to non privileged individuals. Or you can just be a part of a community to hang out with like minded individuals and not be a militant … you will be the sole decision maker of your place and engagement level in our communities.
The opportunity to participate in the real world cannabis industry: By being a token holder, you will be able to participate in the governance process by utilizing token holdings to accept or reject propositions by the community to be a stakeholder in a real grow cannabis operation. By staking tokens and contributing to investment proposals, you can commit to participate in such an operation in exchange for harvest yield rewards
Lean, clean and green: Research and promote sustainable production methods for the long term. We want cannabis to keep transcending all the future generations like it has done since the dawn of time. The DAO infrastructure powering communities is 100% adhering to CannaDAO´s be greener mission

The underlying protocol is going to run on the NEAR blockchain.

Why NEAR? Because CannaDAO shares mutual visions with the NEAR foundation:

Be green: NEAR is a third-generation blockchain based on PoS, which is vastly more energy efficient than PoW (think Bitcoin). NEAR wants to build a sustainable system: They are participating in carbon offset projects, like planting trees in Colombia, Zimbabwe and the United States. Thanks to its efforts, NEAR has been awarded the Climate Neutral Product Label from South Pole (https://near.org/blog/near-climate-neutral-product/).
Focussed around community organisation and DAO: They have built tools for the communities to organize themselves easily and quickly in DAOs, each being able to decide their own model (economy, membership rules, incentives, etc). This is the model adopted by CannaDAO.

CannaDAOs vision about the future of cannabis doesn’t stop there though. A key roadmap feature is the continued building of the Cannaverse, an interactive and decentralized virtual world to hang out, relax and have fun! Populated with worlds, games, social experiences, NFT goodies powered by the $CANNA token utility. A longer term roadmap feature is the development of toolkits for the community to contribute to the building of the Cannaverse.. The Cannaverse expansion and funding will be decided by the community through the CannaDAO governance platform.

Originally published at https://medium.com on December 24, 2021.

About CannaDAO

CannaDAO: The Future of Finance is GREEN

About CannaDAO

Written by The CannaDAO