What is Cannabium?
Introducing Cannabium, a crypto-token backed by cannabis. Cannabium is an evolution of the use of blockchain technologies, enabling trade in an emergent commodity. The correlated product is cannabidiol, or CBD, a non-psychoactive3 extract of the cannabis plant. CBD is widely used in medical marijuana formulations.
The Cannabium marketplace is first in industry to back its token with a commodity.Cannabium is a cannabis extracts marketplace built on the blockchain and backed by a real asset.Cannabium is developing a decentralized platform using blockchain technology for the medical cannabis industry.The platform will enable Cannabis extract producers and buyers to operate in an efficient, transparent marketplace, allowing an equilibrium between producers and buyers, thanks to smart-contract technology.
Our vision is for the Cannabium token to become the standard currency for cannabis extract trading. By building the Cannabium Marketplace on the blockchain, the cannabis extract industry can become more open, traceable, tradable and transparent while saving time and money on unnecessary processes and intermediaries. As the first ever blockchain-based cannabis extracts marketplace, Cannabium will allow for new providers to easily onboard while offering wholesale buyers with transparent pricing information and buying choices. Ultimately, cannabis extract consumers benefit from high quality products at competitive prices.