Budcoin to Build Marijuana Transactional Portal
The Budcoin Portal will deliver solutions for growers, retailers, brands and end users. Whether you are a major Agricultural operation or growing plants in your home Budcoin’s interface will help you produce quality plants, discover new technology and for businesses offer a fast and secure transactional platform for industry and retail.
The site will be the Alibaba of Marijuana within the framework of the laws in each participants location to keep the site 100% legal.
Services offered will include assistance in licensing, payment processing, banking, raising venture capital, securing legal supply and simply buying quality product.
New ways to do business as well as locating business counterparts and being able to make purchases and payments securely.
BudCoin has been built to be a prime transactional unit for the Marijuana states in the USA that allow for recreational usage and medical usage.
With a limited number of Tokens in an unminable environment and built of the smart contract model it is a Crytocurrency than can be tailored to become the base of any participant, licensed grower or retailer.
Legal sales hit $US9.7 billion in 2017, a 33% increase over 2016, according to a new report.
The growth is buoyed by new states legalizing marijuana, and sales exceeding expectations in existing markets.
Analysts predict the market to hit $US24.5 billion in sales by 2021, despite continued federal prohibition.
Recreational use is legal in seven states, and some form of medicinal use is legal in thirty states.
That $US9.7 billion was before California opened its massive retail market in January. The addition of the Golden State is huge for the industry and estimates are that national marijuana sales will rise to $11 billion in 2018, and to $21 billion in 2021.
There are 9,397 active licenses for marijuana businesses in the U.S. a great market for the prospective buyer or a great jump on the competition for someone already in the industry.