Stellar CannaCoin, a community-driven coin for the global cannabis industry

By CrossPuffs | StellarNetwork | 15 Oct 2022


You pull up to a drive-through dispensary, phone in hand. A few taps later, your crypto transaction is complete. Seeing your generous tip, the budtender smiles and hands you a bag of fresh Tangie. You crack open the bag, sending a swirling aroma of skunky citrus into the air.

Not a pipe dream….if you live in a legal region and your local dispensary accepts Stellar CannaCoin, then this could be you. But before I tell you more, let’s talk about why there’s so much excitement for cannabis-related technologies, services, and products [2, 3].

 

High demand

Cannabis is one of the most valuable agricultural products, with U.S. sales projected to surpass $50 billion in a few years, while global sales exceed $100 billion. But these are the early days. As more countries legalize, the growth rate will continue to climb. With its medical benefits, industrial uses, and recreational popularity, the plant could soon rival the tobacco and alcohol industries in global revenue [4-9].

3e200746617f93c8234f8daa181bbe6919cb2671a5bee639bb72f0429226fb0f.png

[4]

How Crypto Helps the Cannabis Industry

Current laws make it difficult for cannabis businesses to get loans, insurance, and credit cards. They’re forced to store and transport cash….a major security risk. By contrast, cryptocurrencies are stored in digital wallets protected by secret keys and recovery phrases (12 – 24 randomly generated words). If owners keep this information in a safe place, the accounts are highly secure [10].

The early-stage cannabis industry struggles with heavy taxes and strict regulations. Business owners can’t wait around for politicians….they need money now. Crypto not only offers solutions, it will continue to help the industry as it evolves….providing alternatives to high-interest loans that are risky for smaller businesses [11].

 

The Power of Media

History shows that mass media is powerful.

Mainstream media and social media platforms have combined forces to become superpowers. Breaking news stories go viral on social media platforms which boost their reach exponentially. 

Positive cannabis news can lead to major rallies on stock and crypto markets. For example….after being elected as Prime Minister, Justin Trudeau began working on marijuana legalization. By 2017, word had spread that legalization was becoming a reality, and the markets reacted [12].

In early 2018, cannabis stocks Aurora Cannabis, Aphria, and Emerald Health Therapeutics hit all-time highs. But it wasn’t just stocks that rallied….there was a buying frenzy in cannabis-related crypto.

 

fc1039229f7334677d93dff64625c6e6e8f0453c57c99f48cea5f906c355d22e.png

142cc6c9dd4f08e372fa9331c138429c82c4aa48b44d67617ce2f720d141475f.png

d30b3a22913bf2d87b5df8d3a3067b87d446c7b16c77d8867db44e28473ba5f9.png

[13]

Legalization Continues

The U.S. also seized the opportunity: 37 states legalized medical marijuana, and 19 legalized recreational. Maryland is likely to become #20 after the mid-term elections [14].

Following this trend, federal legalization is inevitable. If history repeats itself as it often does in markets, we’re due for a U.S. rally in cannabis-related stocks and crypto.

Exactly when this catalyst will occur is a matter of debate, but one thing almost all cannabis investors agree on: it will be massive. In 2017, Canada had a population of 36 million. In 2022, the U.S. population is 335 million.

More than 20% of Americans have invested in, traded, or used crypto [15].

cdacdf1ad9f77005c80afbd5ef20f8354a255dee624e7bdc105813e8d3410cfe.jpg

[16]

Making Moves

October 6th, 2022, Biden took three positive steps towards broad legalization:

  1. Announced a pardon of prior federal offenses of marijuana possession
  2. Urged governors to pardon state offenses
  3. Attorney General and Secretary of Health and Human Services will start a process to review how marijuana should be scheduled under federal law

[17]

Reactions on Reddit show excitement from customers and investors

 

26e7cade9b320c6a6eb80ed864bfd4767d51fddfd4bcab2fe9d5e2f73ec212b8.png

489496dcc404bd1bb8f1a4cf4ec27ae3f8c34a0af04d485750601d09fbbfc37f.png

b75351af0856296c234fc8d1a48b4254af5f8d8d7076df646affb54772ee2111.png

c49a97cb082bc508894c8bdc748b0f7cc32256032dae594955ea048d73e8e0ec.png

[18-21]

Stellar CannaCoin

So far, no coins have been mass-adopted by the cannabis industry. Investors speculate on which ones will gain dominance.

One of the rising stars is Stellar CannaCoin.

Powered by the Stellar Network, its transactions are perfect for the industry:

  • blazing fast (3-5 seconds)
  • cost-effective (0.00001 XLM, which equals 0.0000011 cents per transaction)
  • while Bitcoin uses 1,575 kilowatt-hours per transaction, Stellar Cannacoin uses just 0.00022 kilowatt-hours per transaction

 [22, 23]

979d64aeda9cf4dd684492030f049d3e537b42f60176de0c9a1c28bf2eff26a5.png

[3, 26, 24, 25]

Early stage, high growth

Despite emerging in the 2022 bear market, Stellar CannaCoin has a phenomenal growth rate.

 

Social media followers

Reddit: 4,400

Discord: 2,000

Twitter: 1,500

Instagram: 500

Total: 8,400+ followers

 

Accounts

4,500+ trustlines

 

dbf3037ba8b28a564f1abdf847a6a2eba6febdcaecdbc8aa77c525f198a6a5d6.png

[27]

Rewards

Long-term investors enjoy rewards for locking, and for contributing to the Liquidity Pool [28, 29].

 

Liquidity Pools

  • 6.9% APY, higher than locking rewards
  • withdraw from the pools anytime
  • requires XLM or USDC to pair with Stellar CannaCoin
 
Pool #1:

XLM + CannaCoin 

Pool #2:

USD + CannaCoin 

[30, 31]

Locking

  • hold Stellar CannaCoin, no other coins needed
  • lock coins via StashApp
  • 2% APY for 3 months
  • 3% APY for 6 months
  • 5% APY for 1 year

 

Stats

In early October 2022, a total of $586,385 was locked + invested in pools [32], with over $1,300,000 traded in 9 months.

 

Buy Signals

  • U.S.A.+ Europe and other regions are legalizing
  • History shows that bear markets are a good time to buy
  • Tobacco and Alcohol industries are investing in cannabis
  • Rallies in cannabis stocks lead to rallies in cannabis-related crypto
  • Stellar CannaCoin offers faster and cheaper transactions than its rivals

[33 – 41]

A Green Future

We’re early….now is the time to make a move. A growing number of investors see evidence for the global adoption and success of Stellar CannaCoin with its lightning-fast transactions, cheap fees, and energy efficiency….its goal to improve the lives of medical patients….its active community, events, and popularity among customers, growers, and entrepreneurs.

Join us on our journey to a greener future….make your first post/comment on our Reddit page and receive a gift of free coins while supplies last.

For justice, for the plant, for the people: Stellar CannaCoin.

[42]

558bb8b5cecc2a18875bb9ad71461c5d28eb2243abc79199e005caa671b424b1.jpg

 

 

Resources

1.https://www.reddit.com/r/StellarCannaCoin/comments/wp27wq/i_love_our_logo_and_i_think_it_is_very_beautiful/

2.https://www.leafly.com/strains/tangie

3.https://www.stellarcannacoin.org

4.https://mjbizdaily.com/us-cannabis-sales-estimates

5.https://www.globenewswire.com/news-release/2022/09/07/2511824/0/en/Global-Cannabis-Market-to-Reach-148-9-Billion-by-2031-Allied-Market-Research.html

6.https://en.wikipedia.org/wiki/Legality_of_cannabis

7.https://www.leafly.com/learn/cannabis-glossary/medical-marijuana

8.https://www.bloomberg.com/news/newsletters/2022-09-26/bat-tobacco-company-joins-snoop-dogg-in-german-marijuana-industry

9.https://daily.sevenfifty.com/why-the-alcohol-industry-is-betting-big-on-cannabis/

10.https://www.coindesk.com/layer2/2021/12/15/why-the-marijuana-industry-needs-crypto/

11.https://www.coindesk.com/layer2/paymentsweek/2022/04/27/crypto-cannabis-and-safe-banking/

12.https://fortune.com/2017/03/27/canada-marijuana-stocks-recreational-legalization-justin-trudeau/

13.https://coinmarketcap.com/

14.https://www.cannabisbusinesstimes.com/article/maryland-voters-favor-cannabis-legalization-poll/

15.https://www.cnbc.com/2022/03/31/cryptocurrency-news-21percent-of-adults-have-traded-or-used-crypto-nbc-poll-shows.html

16.https://www.zippia.com/advice/blockchain-statistics/

17.https://www.leafly.com/news/politics/president-biden-to-pardon-federal-marijuana-prisoners-and-start-rescheduling-process

18.https://twitter.com/potus/status/1578097883395592207

19.https://www.reddit.com/r/stocks/comments/xxfkq3/biden_to_pardon_all_federal_offenses_of_simple/

20.https://www.reddit.com/r/trees/comments/xxdic3/biden_to_pardon_all_prior_federal_offenses_of/

21.https://www.reddit.com/r/weedstocks/comments/xy9916/biden_health_secretary_has_already_talked_to_fda/

22.https://stellarcannacoin.org/learn-more/roadmap/

23.https://stellar.org/

24.https://dopecoin.com/coin-info/

25.https://vicetoken.com/crypto-guide/how-to-buy-hempcoin-thc/

26.https://www.potcoin.com/   

27.https://stellar.expert/explorer/public/asset/CANNACOIN-GBLJ4223KUWIMV7RAPQKBA7YGR4I7H2BIV4KIMMXMQWYQBOZ6HLZR3RQ-2?filter=trustlines

28.https://www.reddit.com/r/StellarCannaCoin/comments/xpmliu/big_news_you_can_now_lock_your_canna_to_earn_apy/

29.https://stellarcannacoin.org/getting-started/staking/

30.https://stellar.expert/explorer/public/liquidity-pool/96cad3004b817bfd65ae3fa2731031d851bce8bc4aa94c68437b2ab12b61d8ab

31.https://stellar.expert/explorer/public/liquidity-pool/dbcee4c4496c292737fbe1223919236d3d35c28995d2e882df345bd124091c41

32.https://stashapp.cloud/stats/

33.https://www.bloomberg.com/news/newsletters/2022-09-26/bat-tobacco-company-joins-snoop-dogg-in-german-marijuana-industry

34.https://daily.sevenfifty.com/why-the-alcohol-industry-is-betting-big-on-cannabis/

35.https://mjbizdaily.com/map-of-us-marijuana-legalization-by-state/

36.https://www.leafly.com/learn/legalization

37.https://norml.org/election/

38.https://cannatechtoday.com/german-finance-minister-expect-cannabis-legalization-in-2023/

39.https://www.forbes.com/sites/dariosabaghi/2022/07/27/switzerland-fully-legalizes-medical-cannabis-and-allows-export/

40.https://www.theguardian.com/australia-news/2022/oct/10/victorian-greens-push-for-cannabis-to-be-legalised-taxed-similarly-to-alcohol

41.https://www.marijuanamoment.net/colombian-lawmakers-approve-marijuana-legalization-bill-in-committee-as-president-pushes-for-global-drug-policy-reform/

42.https://www.reddit.com/r/StellarCannaCoin/

 

How do you rate this article?

5


CrossPuffs
CrossPuffs

investor and advocate of the legal cannabis industry


StellarNetwork
StellarNetwork

Coins on the Stellar Network

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.