Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Marijuana Farmers Join Forces To Create A Crypto-Exclusive Cannabis Community, Emerald Road

Published 15/07/2022, 14:31
© Reuters.  Marijuana Farmers Join Forces To Create A Crypto-Exclusive Cannabis Community, Emerald Road
CRCW
-

A group of California cannabis farmers, led by legacy farmer and entrepreneur Justin Calvino, are coming together to build Emerald Road, a crypto-exclusive digital cannabis community. The advanced e-commerce platform will connect farmers directly with customers through a suite of purchasing and marketing tools, content and education, and community-building experiences, all powered on the blockchain. Designed as a virtual bazaar-like marketplace, Emerald Road will allow consumers to connect with, learn from, virtually visit, and purchase directly from farms.

"Emerald Road is about solving a problem and that solution just happens to be Web3," stated Calvino. "Legacy platforms are not embracing emerging technologies and currently, there is no central hub for canna-culture and canna-curious consumers to connect, socialize, learn, transact, and be entertained, not to mention the restrictions on cannabis advertising. In addition, small farmers don't have the capital to market themselves on a broad scale like the bigger companies do. Emerald Road is the solution for all of those problems," continued Calvino.

The more popular cannabis platforms are simply one-way communications, providing education and purchasing options for users. Emerald Road will let users actually interact with brands and other members to ask questions, take virtual farm tours, obtain exclusive products, participate in member-only experiences, and buy discounted products. Membership to Emerald Road is free for legacy members.

When launched in Q3 2022, the Emerald Road Utility Token will be used to purchase goods, services, and experiences throughout the Emerald Road ecosystem. A next-generation wallet will facilitate consumer and business transactions, allowing for seamless transfers from fiat currency to the Emerald Road Token and back again.

"This is regenerative economics at its best," continued Calvino. "Emerald Road will allow these small businesses to create their own sustainable, local economy using a community-based growth model that lets money go back into the hands of producers."

Photo: Courtesy of Emerald Road

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.