On October 5th MJ Holdings Inc. MJNEa public cannabis company, announced it will “present the details of MJ Holdings’ groundbreaking project Project to tokenize digital assets” during the Web3X exhibitionat The Wynn in Las Vegas.
The company’s new venture aims to position MJ Holdings as a “world leader in combining cannabis cultivation and a digital tokenization strategy,” according to a company press release.
“We will combine MJ Holdings’ massive real estate portfolio, 260 acres of buildable land Amargosa Valleythe growing expertise of the MJ team and MJ’s unique corporate structure to bring together legalized recreational cannabis and digital assets or utility tokens,” he said John Tobacco VP of Digital Asset Strategy. “For years, companies have proposed fantastic ideas for tokenizing marijuana plants, but to date, a total of zero has successfully demonstrated the resources, skills and cannabis know-how to bring these two emerging growth areas together. Crypto and Cannabis.”
Pilot: MJ’s fractional farming token affiliate program
“We intend to change the game in tokenizing cannabis growing assets, using blockchain and digital tokens to streamline our grow-to-sell process. (…) Marijuana growers across the country still face challenges. We believe this first token pilot program will be the first step in a massive paradigm shift in space,” said the founder of MJ Paris Balaouras.
operations manager of MJ Holdings, Al Reasonoveralso got involved.
“It has been a labor of love for four years to curate Amargosa Farm and obtain all the permits, utilities and critical infrastructure to grow the best indoor and outdoor cannabis flower of its kind. Now we look forward to combining our state-of-the-art facility and growing expertise with this groundbreaking digital strategy. We look forward to sharing where MJ is going with the world next week at Web3 Expo.”
picture of CannabisVera On Pixabay.
