A California-based cannabis nursery turned to blockchain and smart contracts to verify the authenticity of its medicinal plants.
The cannabis nursery, known as the Mendocino Clone Company, was called in a partnership announcement between the EMTRI project and technology company Global Compliance Applications on Jan. 13.
It will take advantage of the project’s blockchain capabilities to certify all clones, or baby plants, with a batch certificate.
Cannabis nurseries are establishments specialized in plant genetics, producing clones and seedlings and seeds in order to distribute them wholesale.
The move allows the nursery to “document the initial stages of a cannabis plant’s journey to becoming a premium product for consumers based on the gram weight it blooms,” it stated.
The batch certificate is an auto-generated certificate smart contract for each batch of clones. It provides each baby plant with its own “unique identity block”, created by the nursery and linked to its Ethereum-based blockchain.
His clients, which include commercial farms and retail dispensaries, can use this to verify the authenticity of their clones and their genetic lineage, he added.
The first round of batch certified clones will be available from the first week of February.
Additionally, licensed growers who purchase Mendocino clones will gain access to EMTRI Token (EMT) rewards and better rates for participating in the blockchain project.
EMT was launched in November 2022 to provide rewards for project participants. The tokens can be exchanged on Uniswap for USDC or staked for higher returns. EMT is not listed on any centralized exchange or crypto market data platform like CoinGecko.
EMTRI Corp Co-Founder Scott Zarnes commented:
“We are excited to be at the forefront of the cannabis industry and become the first in the United States to embrace this cutting-edge technology in this way.”
However, combining cryptocurrency with cannabis is not a new concept.
In November, a cannabis-themed Metaverse project called Cannaland was launched to create a virtual world for cannabis enthusiasts. In January 2022, a custom pipe maker released tokenized bongs with celebrities like Snoop Dogg and Santana acquiring the NFTs.
Projects like PotCoin (POT) and CannabisCoin (CANN) had aimed to provide an industry-specific digital currency since 2014, but never really gained traction.