Buy Paragon Right Here at $1.05 today. AIMED TO RISE $0.05 every 24 hours until sold out.
I've always been of the thought that one should question everything you've ever told while growing up. One of those things that have got me interrogating constantly, is the actual legitimacy of the weed business.
With legalization already in 29 states and the District of Columbia in some form, and 7 states that already allow the plant for recreational use, the business opportunities start to increase and, it is finally making weed widely accepted among the population.
This has enabled the creation of an industry that not only keeps on growing and increasing in demand -by opening opportunities for new jobs, new projects and new technology applications for the Cannabis industry- but also one of the most profitable after Main Stream Media in the 90's and the .com companies boom back in the early 2000's.
However...
Not everything is as smooth as it sounds. Federal Law in the United States allocates Marihuana as a Schedule 1 Drug, along with Heroin, MDMA, DMT and Mescaline (to mention a few). This means that, while legal on those 29 states, it is still prohibited under Federal Law, making it difficult for these businesses to make regular day-to-day operation transactions vital to their ventures, such as paying for utilities, rent, or even supplies and salaries.
Yep, running a Cannabis related business is super profitable, but dangerous and sketchy as it requires all transactions to be done by cash. These businesses can't deposit their profits on banks because weed is still prohibited by federal law, and it brings endless trouble to Cannabis business owners, who sometimes can't even lease a building where to run their venture.
What the f%^& is Paragon?
Paragon is a Blockchain technology application towards solving the current problems facing cannabis today*:
- Dated prohibition laws that label cannabis with an erroneous classification
- Payment laws that make it nearly impossible to use traditional banking or credit solutions
- Uneducated politicians guided by obsolete and incorrect information
- Social stigma and public opinion against cannabis
- A patchwork of laws that differ from county to county, state to state, and country to country
- No established standards for purity, lab testing, ID verification, organic or eco friendly certifications, prescriptions, THC/CBD potency, start-to-finish tracking, and so on.
- Poor and inefficient distribution system
- Few places that allow cannabis businesses to rent office space (so-called “Green Zones”)
*As per their whitepaper, available for download here.
Now, Blockchain technology brings solutions to these problems to the table, as it provides transparency and a clearer understanding of areas of improvement, standardization, and solving problems such as a "Cash Only Business", where, while Federal Law changes, people won't be needing to carry money around like Drug Dealers.
The Business Model
Paragon will build an immutable ledger via ParagonChain, in which companies will be able to offer and receive payments for industry related services using its very own cryptocurrency called ParagonCoin. This means that for now, it is only to be used for purchasing of goods and pay for expenses related to the operation of Cannabis related businesses.
It also includes ParagonSpace, a concept of co-working spaces that will be used to develop ideas, businesses and discussion around Cannabis across all states where it's already legal. They will even finance Startups based on community votes to incentive industry growth.
Legalization efforts outside U.S.A. are also supported through ParagonOnline.
My POV
I was able to purchase 571.94 PRG at A $0.95 USD value each. The current value of Paragon at the time of publishin gis $1.05 USD. This has the potential to be something big so, if you have some income hanging around, it could be a good idea to stack up some . You can get ParagonCoin at their official crowdsale site. You need crypto to buy first though. I'd recommend Bitcoin or Ethereum to start. I can only get it from CEX.IO. If you have a better place to get it from, please let me know on the comments.
Forbes aims to a bright future on this industry, which obviously seems to increase in the following months, thanks to Senator Orrin Hatch introducing legislation on Medical Cannabis research. Federal Government is also requesting legal states to start sharing demographic data about patients on each state.
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