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Have you been aware of the uprising Cannabis Industry in the past 10 years? States like Colorado and California have helped move millions of dollars towards their own economies through decriminalizing Medical and Recreational use of Cannabis.
However, businesses in this industry have found major trouble handling a cash only business.
Since marijuana is a Schedule 1 drug according to the DEA, this means that it is still penalized on a Federal level. This means, that businesses are accumulating cash and are not able to even put it on a bank, and sometimes even pay for the most basic of services such as rent, salaries and other business needs.
Thus, Paragon has born. Paragon, as mentioned on their [One Pager](https://paragoncoin.com/storage/PRG_One_Pager.pdf) "PARAGON will bridge the gap and connect the links in this industry with the power of blockchain based smart contracts."
What does this mean?
This means that, Paragon will allow to record all transactions involved with the day to day operation of Cannabis businesses on all 20 states where it currently is legal either Medical or Recreational.
For the very first time, users will be able to guarantee the quality of their product from the start. Doctors will be able to provide verification to retailers in a more transparent way, via its immutable ledgers.
Paragon is the first organization dedicated to leveraging smart contracts built on the blockchain to create and foster a community dedicated to the worldwide legalization and systematization of cannabis.
ParagonCoin (PRG)
The cryptocurrency will be the base of the entire Paragon system. This token will be valued once it launches this 9/15, at $1 USD per PRG. However, you'd need to get the desired value in Crypto currency such as BTC, ETH, LTC and IOTA.
A total of 200,000,00 PRG will be generated. Nothing more, nothing less, which makes it a pretty interesting investment option with a low capital to start.
How to Get Started?
Sales start this Friday, September 15th at 11am PST.
The initial token crowdsale will take place between September 15, 2017 and October 16, 2017, and can be accessed via our website: http://paragoncoin.com. Please register for the token crowdsale so you are notified of the opening of the event. Recent token crowdsales (also commonly referred to as ICOs) have sold out in minutes. Be sure to take advantage of notification and prior registration so you do not miss out.
A Pipe Dream?
I really hope not. 164 million people use Cannabis worldwide, which means that as legalization continues to happen, the currency might continue to increase in value and, just like BTC and ETH, become a new and valuable Crypto.