How Does Cannabium Fix Today’s Problematic CBD Market?

Cannabium.co
Sep 8, 2018 · 5 min read
The Cannabium Marketplace Mockup

Interest in CBD is Exploding — So What’s the Problem?

The 96 million search results don’t lie. If you Google “CBD,” you are instantly transported to endless pages referring to the Cannabidiol market explosion, most of them ending with a quick message, “Buy my product.”

As THC’s buzz-free cousin, CBD is now legal in more than fifty countries, emboldening ganga-preneurs of every size, shape and form to flood the Internet. These businesses are enjoying increased public awareness and acceptance of this medicinal herbal extract. They’re also eager to develop high quality products for their swelling market audience.

So why is securing CBD oil such a problem? There are several reasons. Most of them stem from the fact that cannabis itself is only newly legalized in most jurisdictions, if at all. In those places where it’s been recently legalized, a vacuum of policies regarding trade endures until governments make the new laws workable for businesses. In the meantime, it is up to industry experts and entrepreneurs like those at Cannabium to create innovative solutions for the future of cannabis extracts.

The Chaotic CBD Marketplace

As with most emerging markets, the cannabis trading environment is still chaotic and unbalanced. Governing authorities, in response to medical studies and increased public acceptance, are proposing and setting new regulations for cannabis extracts across the globe. Each set of regulations is specific to its own government and region. For a global cannabis extracts marketplace to succeed, there has to be a way for buyers and sellers to actively trade the extracts without unknowingly breaking a law.

That’s where Cannabium comes in. All import and export licenses are managed by Cannabium, producers are verified to having all the correct documentation, and buyers can price compare legal, high quality CDB products all in one place.

How Do You Buy Reliable CBD Today?

The trend of legalizing cannabis extracts for medicinal use brings a whole new window of opportunity and, at the same time, difficulties for the buyer. The lack of global standardization makes buying these products hard for businesses seeking reliable extracts.

But if CBD is legal and businesses want a steady supply to make their CBD products (which everybody seemingly wants), why can’t they find it on Amazon, for instance? Searching for CBD there will lead you to Hemp Oil, and the term “CBD” is not to be found at all on any products in that massive marketplace. You can purchase books about how to buy CBD on Amazon, but apparently you cannot buy it. Or can you?

The lack of a clear solution to buying CBD is also seen in a 2017 University of Pennsylvania study that found that almost 70% of CBD products sold online do not contain what they claim on their label. CBD in the US is sold as a supplement and not as a drug, so the stringent standards of pharmaceuticals do not apply. Additionally, producers cannot attest to medicinal benefits of any kind on CBD product labeling, as with any other supplements or vitamins.

Businesses that require CBD for their product lines are forced to implement buyer beware, as they navigate within an unregulated system full of fake or low quality imposters. Because of a convoluted and unsteady marketplace, it can be difficult to secure a reliable source of CBD for their ongoing needs.

Cannabium — A Better Kind of Marketplace

The Cannabium Marketplace takes care of these problems. The central focus is to create one central, global marketplace where buyer and sellers the world over can trade cannabis extracts legally and successfully. Verified producers will have a guaranteed place where they can offer and market their products, while buyers will save time and money in pursuit of the best quality products at competitive prices. This is a win-win scenario for everyone.

How Do Businesses Pay for CBD?

Even though many countries have legalized CBD or other cannabis products, it often takes them years to put policies into place regarding their trade. This is particularly tricky in the US, where federal law prohibits cannabis while many states have legalized it. Since it is the Federal Reserve that regulates currency, do businesses use the federally governed banks to buy their CBD business supplies?

This is what is called a ‘gray market’. Not illegal anymore, but not fully legal either. Once policies are written in and put to work, then legal tender may be used to trade in these once illegal products. In some cases, there is still a gray area of legality with CBD despite its lack of psychoactive effects. But what about in the meantime? How can trade commence for businesses wanting to stay on the up and up?

Cryptocurrency, in the form of the CNAB token, offers a blockchain solution for the cannabis extracts market. During the gray area before policies are set in place, and before a national monetary policy officially recognizes legal cannabis, the Cannabium Marketplace provides a seamless, unalterable stopgap that enhances the entire market. They do this with a token that is backed by pure CBD, which can potentially create a stable cannabis coin like no other.

CBD Has No Set Standard for Quality

Businesses will now have a central place to buy and sell cannabis extracts. They will even be able to use a liquid crypto coin for sells and purchases. But how can buyers be assured that the CBD they are purchasing is the high quality needed to maintain production standards and offer customers a reliable and safe product?

In today’s market, you simply never know what you’ll get, as there is no set of standards or system of quality assurance. Until now, that is. Because not only does Cannabium create a one-stop-shop for cannabis extracts trade using its own asset-backed token, we also test and verify the purity from each CBD producer so that only 99+ purity products may enter the marketplace.

How do they do this? With decades of cannabis industry expertise and partnered with a state-of-the-art cannabis production facility, Cannabium leads the way to the world’s first CBD marketplace for pure, high-quality cannabis extracts made by verified producers.

Wider Implications — What Does the Future of the CBD Market Look Like?

Putting demand and supply for cannabis extracts in one global marketplace may lead to overall price stability, not to mention a steady supply of pure CBD. Increased quality will reign as buyers learn the best way to get the highest quality extracts — Cannabium! The end result is a marketplace that is easily accessible to all participants, saving them all time and money with one global trading venue for verified cannabis extracts.

What was needed to solve all these problems is a B2B marketplace so entrepreneurs across the globe could safely and reliably get their products to those that need them. That’s what we are creating. Welcome to the Cannabium Marketplace.

Join us!

Cannabium.co

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Pioneering the World's First Cannabis Extracts Marketplace Built on the Blockchain.

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