California cannabis producer adopts blockchain to track its weed
Blockchain technology and smart contracts have been used by a cannabis nursery in California, known as Mendocino Clone Company to confirm the legitimacy of its medicinal plants.
On January 13, Mendocino Clone Company, was mentioned in a collaboration announcement from the EMTRI project and tech company Global Compliance Applications.
By utilising the blockchain capabilities of the project, a batch certificate will be issued for each clone or baby plant.
Cannabis nurseries are businesses with a focus on plant genetics that create clones, baby plants, and seeds for wholesale distribution. By making the change, the nursery will be able to "document the beginning stages of a cannabis plant’s journey to becoming a premium product for consumers based on the gram weight it flowers," according to a statement from the facility.
Each clone batch's batch certificate is a self-generated smart contract. It gives a unique identification block for every young plant, which is made by the nursery and connected to its Ethereum-based blockchain.
This can be used by its customers, who include retail dispensaries and commercial farms, to confirm the legitimacy of their clones and their genetic lineage, it stated.
The first week of February will see the release of the initial batch of certificate clones.
Additionally, for joining the blockchain project, authorized cultivators who buy Mendocino clones will have access to EMTRI token (EMT) prizes and better prices.
EMT was introduced in November to give project participants incentives. The tokens can be staked for increased income or traded on Uniswap for USDC. No centralised exchanges or crypto market data aggregators like CoinGecko list EMT.
“We are excited to be at the forefront of the cannabis industry becoming the first in the United States to adopt this cutting-edge technology in this manner,” said Scott Zarnes, the co-founder of EMTRI Corp.
CBW - External Analyst