Crypto Embracing Marijuana Markets and Creating an Emerging Niche Sector
New York, NY, Jan 7, 2022, ZEXPRWIRE, As we start 2022, undoubtebly 2021 was the year of the NFT’s ( Non Fungible Tokens). One can look at how NFT’s took last years Art Basel Miami by storm. In addition the success of NFT projects Bored Ape Yacht Club and Cryptopunks is undeniable. One cannot say this about the marijuana markets in 2021. However a few projects that combine the loyal marijuana communities with that of NFT’s have been fairing well. Some such as Stoned Ape Crew have generated 1000% returns for early buyers. Investors follow returns especially big ones! Cannabis legalization is sweeping over North America – 16 states plus Washington, D.C. have all legalized recreational cannabis use over the last couple of years, and full legalization came to Canada in 2018. Its expected that 2022 may usher in Federal legalizaton on some level. National Law Review link, Bi-Partisan Support for Federal Cannabis Reform & SAFE Banking (natlawreview.com)
We here at CannabisHempwire.com expect to see the growth of NFT-Cannabis projects in 2022 to be robust! As cannabis legalization continues to expand and DeFi grows, the synergy is something we will be watching. Moreover we think MSO’s especially will seek to be adopters of DeFi & NFT’s as it enhances customer loyalty and engagement as well opens up ancillary revenue. Cannabis Lounges are opening up at a record pace its to be anticipated they will also be adaptors. Hence the decision by our team to start devoting coverage to this emerging niche sector. When you combine the marijuana markets & DeFI you get unlimited potential. Cannabishempwire looks forward to bringing our readers updates and news in the crypto & cannabis sectors in 2022.
Cannabis VC Mark G. Gomez, Co-founder of Nevis based Canna Ventures Group, LLC raised $3.5 million in Sept 2021 to fund crypto-cannabis projects. The first project Canna Ventures is backing is a dual utility NFT project named “Reefer Token”. Reefer Token is expected to do a seed round in January & launch in February. Gomez recently led a group of investors along with GOATZ TOKEN that made a $44 million offer to acquire the NFT rights to a copy of the US Constitution. The copy is owned by Hedge Fund billionaire Ken Griffin, Founder of Citadel Securities. Mr. Griffin acquired the US Constitution copy for $43.2 last November. “Mr. Griffin is a very astute businessman, GOATZ TOKEN & the investor group which I lead tendered a serious offer that has tremendous upside potential for him should he accept. Our offer is to produce 10 NFT’s of his copy of the US Constitition. The NFT’s would likely sell for $5 million each. Our offer is for NFT rights, not to buy the physical copy of the US Constitiution from Mr. Griffin”. – Gomez commented. To learn more about the forementioned offer from GOATZ TOKEN to acquire the copy of the US Constitution see link to Market Watch. GOATZ Token and NFT Marketplace ($GOATZ) Makes Offer to Acquire NFT Rights to US Constitution – MarketWatch
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