Experts project that CBD products market will have a compound annual growth rate of 39% from 2017 through 2021.
Farmers, processors, retailers and land owners (land lease and acquisition) will all benefit from HempNodes Ecosystem.
Utilize web services, applications, Blockchain and AI technology to build our proprietary “patent pending” ecosystem.
HempNodes Blockchain Ecosystem will provide seed - to - sale smart contracts that will adhere to federal and state policies, cultivation and processing certifications, compliances and transactions tracking in the Industrial Hemp, CBD and Cannabis industry.
Using Blockchain in the Hemp, CDB and Cannabis supply sector will greatly increase transparency, specifically regarding where hemp items come from, when and how they were shipped, and so on. This is of increasing importance to today’s consumers; in a recent study by Response Media, 70% of respondents stated that food purchases are always or frequently influenced by the transparency of the products.
This is especially important when dealing with Hemp and CBD, which has been found to be sold under false pretenses in retail and grocery stores alike, with proprietors and retailers intentionally listing the wrong CBD vs THC on labels.