Five Cannabis Infused Cryptocurrencies To Invest In This Year

The cannabis crypto sector comes with no shortage. In times when the marijuana industry is growing and the United States is legalizing cannabis in more and more states, we are featuring five cannabis infused cryptocurrencies that are in the focus of many investors.

The weed coin sector (as they describe it) has proven to be a great investment opportunity for many. So, today’s latest cryptocurrency news list the hottest five cannabis infused cryptocurrencies out there.

DopeCoin Gold (DOPE)

DopeCoin Gold has been featured in the coming altcoin news many times – as a blockchain and cryptocurrency which aims to ‘provide marijuana enthusiasts with a modern and secure way of doing business for the 21st century’.

Created on Bitcointalk, DopeCoin Gold (DOPE) was first launched in early 2014. The creator of this altcoin also founded CryptoBillings which is a payment processing application for vendors interested in accepting crypto.

You can purchase DopeCoin Gold as one of the five cannabis infused cryptocurrencies on markets such as Bittrex.

HempCoin (THC)

HempCoin launched in 2014 and just like DopeCoin, aims at revolutionizing the cannabis industry by providing a trusted network currency. As the website behind this project notes:

“HempCoin is on a mission to achieve mass adoption in the agriculture sector by offering solutions that tackle the issues plaguing cross-border transactions. We aim to offer solutions for the lack of banking and payment services for industrial hemp and legal cannabis businesses.”

You can buy HempCoin (THC) on Bittrex.

PotCoin (POT)

PotCoin also launched in 2014 and quickly made a name for itself – becoming one of the frontrunners in the cannabis crypto industry. This is why it is in our list of five cannabis cryptocurrencies to watch out for.

From its website:

“PotCoin provides an underserved legal cannabis industry with a decentralized infrastructure and payment solution. Using PotCoins, industry participants can realize significant cost savings, scalability, and unparalleled enterprise security.”

PotCoin can be used to buy weed paraphernalia in different online headshops. The website also advertises a unique Shopify store. Staking rewards are also present on the POT blockchain.

CannabisCoin (CANN)

CannabisCoin (CANN) deserves to be in the five cannabis infused cryptocurrencies to watch out for. Even though it was originally planned to produce its own medical-grade marijuana products (priced at 1 gram of weed at 1 CANN coin) the cryptocurrency was also self-titled as ‘The Marijuana Bitcoin’.

Paragon (PRG)

Paragon is also featured in our altcoin news as one of the five cannabis cryptocurrencies. It launched in 2017 with a main goal of:

“…building the next generation of seed-to-sale tracking software based on blockchain, while offering cannabis entrepreneurs a high tech co-working environment.”

However, its plans got derailed when the SEC came down hard on the project for violating the rules regarding the issuance of security tokens. The CEO of Paragon, Jessica VerSteeg, is a former Miss Iowa winner. She was in the news for framing the SEC ruling as a positive for Paragon at the time, stating:

“Paragon is proud that the PRG token is included in today’s action by the SEC and are thereby being granted the opportunity to avail itself of this groundbreaking path forward while continuing to pioneer efforts and to participate in the ever evolving ICO marketplace.”