California-based business using blockchain to monitor its cannabis
A smart contract on the blockchain will be used to certify the legitimacy and genetic origin of clones.
A cannabis nursery in California has used blockchain and smart contracts to ensure the validity of its medicinal plants.
The Mendocino Clone Company cannabis nursery was recognised in a January 13 cooperation announcement by the EMTRI project and the IT company Global Compliance Applications. It will use the project’s blockchain capabilities to provide batch certificates for all clones, or young plants.
Cannabis nurseries are businesses that specialise in plant genetics and produce clones, seedlings, and seeds for wholesale distribution.
The move enables the nursery to “record the starting stages of a cannabis plant’s path to become a premium product for customers depending on the gram weight it blossoms,” according to the nursery’s announcement.
Each batch certificate is an autonomously created smart contract. It gives each seedling its own “unique identity block,” which is tied to the nursery’s Ethereum-based blockchain.
It said that its customers, including commercial farms and retail dispensaries, may use this to check the validity and genetic ancestry of their clones.
The first batch of certificate clones will be available in the first week of February. In addition, licenced farmers that acquire Mendocino clones will have access to EMTRI token (EMT) prizes and improved pricing for their participation in the blockchain initiative.
EMT was introduced in November to provide incentives to project participants. The tokens may be exchanged for USDC on Uniswap or staked for additional income. EMT is not listed on centralized exchanges or cryptocurrency market data services, including CoinGecko.