Possible Partnership Between Blockchain and Marijuana?

Ever since the beginning of 2017, there had been steady and rapid growth in both the industry of Marijuana and Cryptocurrencies. Is this a sign that both should sign up for a partnership with each other?
Marijuana has advanced due to a swift increase in legal sales, also prompting a major alteration in the way the public views cannabis. According to ArcView, a major cannabis research firm: the sales can grow by a compound annual rate of 26% a year through 2021 in North America alone.
Meanwhile in the world of cryptocurrencies, its asset class has skyrocketed this past year. Despite losing half its value since hitting an all-time high in January, their aggregate value based on its current share price and the total number of outstanding stocks is still higher from when 2017 began.
Even though there are many advocates against cryptocurrencies, much of its prolific success can be tied to the rise of blockchain technology. Blockchain is the “digital, distributed and decentralized ledger that underlies virtual currencies and is responsible for recording all transactions without the need for a third-party, such as a bank.” Basically, blockchain will be able to simplify issues with payment systems. Including long wait times for processing and settlement, and high transaction fees. Ergo, blockchain may offer the power to do transactions in a matter of seconds.
So is there a Blockchain-Marijuana partnership under works?
One small-cap Canadian marijuana grower believes that blockchain and cannabis combo would be a match made in heaven.
Emerald Health Therapeutics is poised to become one of the largest cannabis producers in Canada. With a partnership with Village Farms International, they aim to bring cannabis to the market quickly, at low cost. On a Feb. 1 announcement that both companies are in the process of finalizing a joint venture with DMG BlockChain Solutions to publish CannaChain Technologies, to provide a blockchain-based supply chain and e-commerce marketplace for the marijuana industry.

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