(Note: Copy of the original press release)
Miami, Florida, 4 January 2022
Summary: 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.
But the vast majority of the world is still excluded from the benefits of the legal cannabis industry, as consumers, growers, or fundraisers. Even in some countries where cannabis is legal or tolerated, stringent rules together with the high cost of operating a license, owning land, and significant red tape, make it difficult to develop and participate in growing operations. Around the globe, stigma around cannabis is still hard to shake off, preventing further widespread adoption.
There is still huge untapped potential in the legal cannabis market, which is poised to grow with continued strength in the coming years. As more and more barriers to entry are torn down, the legal industry eats further into the market share of the illegal cannabis industry.
CannaDAO is aiming to tokenize the cannabis industry with a permissionless, decentralized and member-governed on-chain platform. Geographical constraints are removed for its members. CannaDAO will offer the opportunity as a collective to weigh in on the cannabis industry with major leverage: Decide on the future of cannabis, lobby political establishments, lead educational programs, fund scientific researches, engage in decentralized investment opportunities inaccessible to non-privileged individuals, acquire real grow operations, and build a community treasury to fund different ventures.
The CannaDAO is made up of three components:
- CannaGuild: Collective governance of the global platform
- Real world grow operations: Decentralized funding, yield harvesting
- Cannaverse: Metaverse, games, NFT, $CANNA farming, etc.
CannaDAO will be powered by the NEAR blockchain. Why NEAR? Like CannaDAO, the NEAR foundation strongly believes in the power of communities and self-governance. CannaDAO wants to build a sustainable model, not only for society in general, but also for the environment. Likewise, NEAR is the greenest of all the blockchains and their mantra is being carbon neutral, with ecological initiatives to make it happen.
CannaDAO plans to launch on Skyward.Finance in early February 2022 in addition to other launchpads supported by NEAR Protocol. For more questions and information please visit our website and/or join our online community here.
Originally published at https://medium.com/ on December 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.
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