The discussion about the legalization of cannabis for medicinal uses has prompted different countries such as Colombia, North Macedonia, South Africa, Lesotho and Germany, among others, to adopt laws in favor of its commercial regulation. However, access to production licenses and working capital require a strong financial muscle, as well as very specific knowledge to enter this promising industry.
The German company JuicyFields has created a business model that integrates crypto currencies and high value international alliances into the cannabis industry. There is no doubt that their creativity was flying enough to match their company’s name and the tremendous growth plan.
JuicyFields is a decentralized crowgrowing platform that allows everyone to invest in online cannabis. The genes of each type of plant generates a different set of combinations of the variables (the plant renewal, sell price per gram, projected harvest quantity as well as the harvests per year or the growing period), so the decision is up to the “e-grower”. But from there, there is nothing else to worry about, everything else is covered all the way through the crowdgrowing platform.
Despite the several advantages that new technologies are always including to update new business concepts, the trust that blockchain brings is adding more value than ever expected before. Nevertheless, companies are made by the people and the minds behind the brand that are thinking further also in financial transparency, agreements with countries pro-marijuana laws, operations in areas favorable to high-quality medical cannabis and its production.