Blockchain Tracing the Cannabidiol Supply Chains Will Help Define Legal Standard

[Lenipiw]

Policymakers in Europe and the U.S. are pushing to use blockchain technology to ensure a safer, regulated cannabis market.
Interest in cannabidiol-based products has been on the rise, as recent statistics show that the global cannabis market is expected to have reached $42.7 billion in the next four years. Yet as hemp-derived cannabidiol, or CBD, products gain popularity, federal agencies are proceeding with caution around regulatory measures for cannabis products.

In order to address regulatory concerns, policymakers in different regions are looking toward using blockchain technology as a solution that can provide transparency into the complex cannabis supply chain.
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