 | This article has multiple issues. Please help improve it or discuss these issues on the talk page . (Learn how and when to remove these template messages)
|
Tokken is a payment system and mobile app most known for being a legal and secure option for businesses transactions within the cannabis industry, because of its compliance with bank requirements. [1] [2] The startup company was created by Lamine Zarrad, a former regulator at the Office of the Comptroller of the Currency. [3] [4]
In order for a person to start using the app, they need to provide evidence, in the form of bioidentification data and mobile carrier records, that they can legally purchase weed. After they have been verified, customers can pay directly through the app at any dispensary that is using Tokken. [5]
Tokken turns credit card transactions into a digital token, which can be exchanged back for money that can later be deposited into a bank account. All transactions are logged publicly through a blockchain leger, making the process both anonymous and verified. [6]
Tokken has a "pay taxes" function which enables dispensaries to pay their taxes directly to the department. [7]
Weedmaps is a tech company serving the cannabis industry, founded in 2008 by Justin Hartfield and Keith Hoerling.
The National Cannabis Industry Association (NCIA) is an American non-profit organization based in the District of Columbia, with an additional office in Denver, Colorado. NCIA is the largest cannabis trade association in the U.S. and the only organization representing state-sanctioned cannabis-related businesses at the federal level. Its mission is "to promote the growth of a responsible and legitimate cannabis industry and work for a favorable social, economic and legal environment for that industry in the United States." The organization was founded in late 2010 and has been described as the "first national trade group for the cannabis industry" in the United States.
Charles Shrem IV is an American entrepreneur and bitcoin advocate. He co-founded the now-defunct startup company BitInstant, and is a founding member of the Bitcoin Foundation. In 2014 he was sentenced to two years in prison for aiding and abetting the operation of an unlicensed money-transmitting business related to the Silk Road marketplace. He was released from prison in 2016. In 2017, he joined Jaxx and served as its chief operating officer, and founded cryptocurrency advisory CryptoIQ.
MedMen Enterprises, or MedMen, is a publicly-traded, United States-based cannabis company with operations in California, Nevada, Arizona, Florida, Illinois, New York, and Massachusetts.
Circle began as a peer-to-peer payments technology company that now manages stablecoin USDC, a cryptocurrency the value of which is pegged to the U.S. dollar. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle is headquartered in Boston, Massachusetts. USDC, the second largest stablecoin worldwide, is designed to hold at or near a stable price of $1. The majority of its stablecoin collateral is held in short-term U.S. government securities.
Stellar, or Stellar Lumens, is an open-source, decentralized protocol for digital currency to fiat money low-cost transfers which allows cross-border transactions between any pair of currencies. The Stellar protocol is supported by a Delaware nonprofit corporation, the Stellar Development Foundation, though this organization does not enjoy 501(c)(3) tax-exempt status with the IRS.
Kayvan Khalatbari is an Iranian-American entrepreneur; he was a mayoral candidate in Denver, Colorado, in 2019.
Willie's Reserve is a company started by singer-songwriter Willie Nelson in 2015. Nelson, a longtime supporter of marijuana legalization announced the launch of chain stores of the brand after marijuana was legalized in different states. The first stores were planned to be opened in the states where cannabis was legalized in 2016, with an expansion planned as other states follow.
Wikileaf Technologies is a Seattle business providing data services to the cannabis industry and information to consumers. The company provides price indexes and cannabis strain reviews and information.
KIND Financial is an American company focused on providing financial technology services for the cannabis industry.
Consensys is a private blockchain software technology company founded by Joseph Lubin and based in New York City.
Christian Hageseth is an entrepreneur, author, marijuana rights advocate and business owner. He was born in Pensacola, Florida, and grew up in Fort Collins, Colorado. He graduated from Arizona State University in 1992 with a degree in Political Science. He is the founder of Green Man Cannabis, an award-winning marijuana cultivation and dispensary business in Denver, Colorado. He is also the founder of American Cannabis Partners (ACP), a cannabis business development firm which is developing the Colorado Cannabis Ranch. Hageseth is the author of Big Weed: An Entrepreneur's High Stakes Adventures in the Budding Legal Marijuana Business, published in 2015 by Macmillan.
Eaze is an American company based in San Francisco, California that launched a medical cannabis delivery app of the same name in 2014.
Rachel K. Gillette is an American attorney who specializes in law relating to marijuana and the cannabis industry. Gillette is based in Lafayette, Colorado. As a lawyer, she is licensed to practice law in Colorado and Connecticut.
Wanda L. James is the first African American woman to own a marijuana dispensary in the United States. In 2022, James was elected to represent district 1 on the University of Colorado Board of Regents.
To frame the lists below, here is an overview of women in the industry since as early as 2012 in the U.S. Cannabis has a long legal history in the U.S. from criminalization to liberalization given the emerging markets of legalizing medicinal and recreational use of cannabis. Women and issues relating to gender bias or sexism vs. gender equality and inclusion have played a significant role in various sectors of emerging markets, particularly in Colorado, California, and Oregon.
The cannabis industry in the U.S. state of Washington has been served by several banks and credit unions since Initiative 502 passed in 2012, legalizing production, distribution, retail sales and possession in the state.
Hypur is a Scottsdale-based payment and banking technology platform that was built to enable financial institutions to responsibly and sustainably bank highly regulated industries, such as cannabis.
The Green Rush (2012–present) is an ongoing global economic event that began on December 6, 2012, when cannabis was legalized in the US state of Washington; Colorado's legalization took effect four days later. While still illegal federally in the United States, the actions of these two state governments signaled the opening of a market projected to be worth US$48+ billion globally by 2027. As of 2019 the cannabis industry had created over 250,000 jobs. However, cannabis companies have been a mixed investment success, with many experiencing plunging stock prices, massive layoffs, and failure to meet investor expectations.
The COVID-19 pandemic had a significant impact on the cannabis industry. Investor's Business Daily said the industry was affected as "customers stock up on prescriptions and recreational customers load up on something to make the lockdown a little more mellow or a little less boring".
{{cite web}}: CS1 maint: multiple names: authors list (link)  | This Cannabis-related article is a stub. You can help Wikipedia by expanding it. |