Paragon is creating a blockchain platform for the cannabis industry. It hopes to add transparency and improve the overall supply chain from plant to consumer.
- Founded 2016
- San Francisco
- Blockchain for Cannabis
Paragon has set out to transform the cannabis industry with a range of blockchain based solutions for consumers and cannabis industry professionals. Paragon wants to introduce the transparency and verification of blockchain to a budding industry that is becoming more mainstream. The company had an extremely lucrative ICO, where they raised $50 million. The cannabis industry is quickly evolving and becoming increasingly mainstream. Regulations all over the world are changing, with more and more jurisdictions legalizing the personal use of cannabis, for both medical and recreational use. As this process intensifies, and cannabis becomes more mainstream, many issues will need to be addressed. Paragon wants to use blockchain and smart contracts to improve supply chains and add transparency to cannabis transactions.