MULTICHAIN VENTURES SECURES PUBLIC SECTOR CONTRACT WITH NEVADA TO SUPPLY TOKENIZED FINANCIAL ECOSYSTEM FOR THE LEGAL CANNABIS INDUSTRY

Multichain Ventures & Nevada
  • Cash logistics
  • Banking infrastructure
  • Fully collateralized stable token
  • Blockchain-based smart contracts
  • Marijuana compliance
  • Business-to-business payments
  • Invoice management
  • Supply chain transparency
  • Tax remittance

FEDERAL OUTLOOK

  • Legalizing medical marijuana federally
  • Rescheduling marijuana
  • Supporting states’ rights

“Supply chain and financial managers struggle to implement strategic decisions, arrested by a regulatory environment characterized by commerce restrictions. Despite continuous obstacles the cannabis industry continues to see year over year growth driven by global demand. As we look forward into the cannabis economic mechanics we have the opportunity to build this industry with a best in class financial infrastructure benefiting the consumer experience, operators value chain and governments regulatory mandates. ” Pablo Quiroga, Chief Operating Officer, Multichain Ventures, Inc.

PILOT PROGRAM

“The Pilot Program presents a tremendous opportunity for Multichain Ventures to demonstrate the enormous potential of blockchain and decentralized technology to solve problems facing the world today. Cannabis institutions have long faced stigma and have lacked access to financial infrastructure most businesses take for granted.” Michael Wagner, CFA — Co-Founder and CEO, Multichain Ventures, Inc.

“We are very excited to launch this innovative pilot program to provide the legal cannabis industry a safe and efficient way to engage in financial transactions. It is our hope that this pilot program will not only increase public safety in Nevada, but will also provide government entities with a streamlined process to collect tax revenue.” Zach Conine, Nevada State Treasurer.

CUSTOM TAILORED TECHNOLOGY SOLUTION

“The strong growth that the cannabis industry has seen nationwide over the last year further reinforces the need for a solution to minimize or eliminate cash transactions and develop banking solutions ahead of federal legalization. Not only does the current cash-only system lead to public safety vulnerabilities for employees, dispensary customers and regulators, but it ties up valuable resources due to the time commitments of cash handling and documentation. TapRoot is excited to participate in the development of this pilot program, and assisting both the Multichain Ventures team and the Nevada State Department of Taxation implement a much needed solution for the industry.” Shane Terry — TapRoot Brands, CEO

FORWARD LOOKING

ABOUT MULTICHAIN VENTURES

ABOUT SOLANA

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