Cannabis growers can use blockchain tech to get a better deal for creators of interesting and unique strains, says Dan Sutton, Founder and CEO of Tantalus Labs.
As most people familiar with cannabis know, there are countless strains of the plant, with more sprouting up – pun fully intended – every day.
Each of these strains is unique, coming with its own set of characteristics. These range its genetic parentage, to the levels of tetrahydrocannabinol (THC) and cannabidiol (CBD) or other compounds, to the taste and feel of the product when smoked, and so much more.
And just like any other creation, it was born of someone’s hard work. It can require years of selective breeding and crossbreeding to create the desired product. Like any other creation, the creator should hold certain rights to receive credit, and certainly financial remuneration, when their creation is used or sold by others.
To do so, they first need to be recognized as the creator behind the strain. But how many cannabis users could actually name the grower or breeder who created the strains they love to consume?