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.

HempCoin is a PoS coin for the cannabis industry. It was created in 2014 to serve as a payment solution for businesses in the agriculture, hemp, legal cannabis, and tobacco sectors. Hempcoin is based on the PIVX blockchain code, and uses the Zerocoin protocol to enable private transactions.