Two new initiatives offer some hope that where traditional financial services have let the cannabis industry down, blockchain-based finance can succeed. BudBlockz (BLUNT) is a new crypto platform that offers users the chance to buy into cannabis-related companies at every stage of the supply chain. Meanwhile, Global Cannabis Capital (GCC) takes a more traditional approach, investing in a portfolio of cannabis-related companies with funds raised through the sale of its Ethereum-based token.
Budblockz, whose presale will begin soon, recently announced details of its NFT-based marginal-ownership program. Shares of participating entities—ranging from farms and production facilities to cafes, dispensaries, and private members’ clubs—will be offered as NFTs on Budblockz’ Ethereum-based platform.
Each company is free to establish its own terms for the offer, including the ownership stake represented by each NFT, profit-sharing benefits that accrue to NFT holders, and any additional perks involved with partial ownership. A separate NFT collection will be created for each investment opportunity, allowing Budblockz to tailor each marginal-ownership NFT to the laws and regulations under which each company operates.
The program will be open to members of the Budblockz Lounge, an exclusive community of members who have purchased the core Budblockz NFT collection. This approach helps Budblockz cover its operating costs, eliminating the need for commissions on the sale of marginal-ownership NFTs.
While Budblockz is building a comprehensive trading and investment platform, GCC plans to establish itself as a traditional investment fund as quickly as possible. Founded by Uruguay-based Andrés Israel, GCC invests primarily in the lucrative Latin American cannabis-production market. Its diverse portfolio includes 20 companies representing a wide range of cannabis verticals.
The fund itself is based in Luxembourg, whose securities regulations and cannabis laws will allow GCC to pursue a listing on the Luxembourg Stock Exchange, tentatively scheduled for mid-2023. Future plans include establishing an exchange-traded fund, or ETF, for GCC, and the possibility of expanding its portfolio and creating the cannabis industry’s first publicly traded index fund.
In an economic climate that has seen investors scrambling for proven growth opportunities, cannabis represents a vast and largely undeveloped market. Thanks to Budblockz and Global Cannabis Capital, investors will soon have access to opportunities that, like the retail cannabis market itself, scarcely existed just a decade ago.
Learn more about BudBlockz (BLUNT)
Official Website: https://budblockz.io
Telegram Group: https://t.me/BudBlockz
Discord Server: https://discord.gg/s7hBFgvTmN
All BudBlockz Links: https://linktr.ee/budblockz
Continue reading on DailyCoin
Source: Cryptocurrency - investing.com
