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Medtech Impact on Wellness

Jessica VerSteeg, CEO of Paragon and ParagonCoin, discusses how blockchain and crypto-currency can positively impact the legal cannabis industry.

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It is said that necessity is the mother of invention.

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For Jessica VerSteeg, necessity first came in relation to AuBox, her monthly cannabis subscription box available in San Francisco. She needed a way to provide efficiency, transparency, and trust in the cannabis industry for her customers, while also maintaining compliance with government regulations. Already a believer in blockchain and crypto-currency, she created her own offline ecosystem that can verify patient’s medical marijuana cards, and provide verification of ingredients in edibles and other products she sells, and much more.

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Though government regulations currently only allow medical marijuana to be purchased with cash, the ecosystem also has the functionality to use crypto-currency as a payment method. While the cannabis industry waits for these regulations to change, she has created an online community for the cannabis industry and cannabis users to work towards their goals.


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