With recreational cannabis slated to be legalized for sale in Canada in October 2018, there is a need for the private sector to create a system which will aid the public sector in the implementation of safeguards in this industry. Being a Blockchain-based company, CannAvenue hopes to be in a position to ensure a transparent, safe, and auditable network of licensed, quality inventory.
The total cannabis market in Canada, consisting of the medical, illegal, and legal recreational products, is expected to reach $7.17 billion in sales next year.Around $4.34 billion is projected to come from the legal recreational market, according to the survey. Medical cannabis in Canada is projected to make $0.77 billion to $1.79 billion in sales.
CannAvenue is entering this industry as a patent-pending blockchain and artificial intelligence software provider to all stakeholders in the cannabis ecosystem. Within a couple of years the company will also be positioned to begin licensed production and distribution to partner retailers.
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$5 822 440
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