Using Blockchain To Solve The CBD Industry & Trust And Safety Problem

Summary: Overview to how you can buy CBD safely with the help of Chow420’s blockchain. Find out how you can use Chow420’s new blockchain technology to guarantee safe CBD purchases. 

Chow420 is a CBD company that took the CBD market by storm when it raised over $1 million in its first round of seed funding. The fast-rising company has again shocked the CBD space with the a blockchain-powered CBD ecosystem that aims to facilitate seamless, flexible, and convenient CBD transactions among all stakeholders in the Cannabis industry. 

Yes. The CBD space is rapidly growing and yet it is still misunderstood. There is a lot of misinformation regarding Cannabis legalization, the nature of CBD products, and consumer safety. Consequently, the CBD space is not progressing or growing at exceptional rates. 

Nevertheless, CBD is no longer categorized as a Schedule 1 Controlled Substance thanks to the 2018 Farm Bill. Read on as we explore the concerns, challenges, and misconceptions surrounding CBD products. 

Challenges In The CBD Space

PennMedicine’s 2017 study of CBD products reveals that over 70% of all CBD products are mislabeled. The study also found out that close to 70% of all CBD products reported over and under the amounts of labeled/stated content.
 

For this reason, a lot of work needs to be done in the CBD space before consumers start enjoying a trusted environment for reliable CBD purchases. Fortunately, Chow420 has stepped up to the challenge with its new blockchain verification system for CBD or Cannabis products. 

Chow420 Launches The Chow420 Blockchain Verification System

For those coming across Chow420 for the first time, the most important thing to remember or note about the brand is that we are an e-commerce leader in the CBD industry with a comprehensive online retail service.

Unlike conventional online CBD retailers, Chow420 uses up-to-date legal advice to ensure FDA compliance while simultaneously simplifying the CBD purchase process since the CBD space is relatively new. 

The move by different governments to make CBD products more accessible is attracting a lot of players in the Cannabis space despite the absence of proper regulatory frameworks. As a result, the current CBD space is not only disorganized but also complex to navigate.

Chow420’s new blockchain verification system verifies the authenticity of COAs of different CBD products. Remember that these COAs are linked to various accredited/certified databases and testing laboratories. During testing, Chow420’s blockchain verification system captures the COA provided by a specific CBD product then uploads the COA to its binance-based blockchain network.
 

Now, the system verifies if a CBD product’s COA matches the information already on the blockchain network. Yes, Chow 420’s blockchain verification process flags CBD products with discrepancies in their information, and this helps in the creation of trust between consumers, merchants, and regulators. 

Considerations To Make Before Purchasing Your Next CBD Product

Most newbies in the CBD space are not sure of what products they want or the effects they want to experience after using a particular product. There is no need to worry if you are one of these individuals. Everyone was new to the product at some point in their CBD journey. 

That aside, here are the important considerations you should make before buying your next CBD product:

1. The CBD product you want to buy should be federally legal and classified as a hemp product. Also, remember to verify that its THC content is below 3%.
2. It is your responsibility to audit all your purchase sources since the Food And Drug Administration (FDA) doesn’t have any formal framework on the regulation of CBD products. 
3. To stay safe, always read or at least peruse a vendor’s Certificate of Analysis (COA) of the products you are about to buy. 

Visit Chow420 to get assistance with the issues listed above. 

Summary

Chow420 is happy to be behind the first-ever CBD and Cannabis products certification standard on the Binance Blockchain Network. As a pioneer in the online CBD space, our main objective is to provide all successfully vetted CBD or Cannabis products unique identifiers. All of our products go through third-party testing and the results are ready available to read on our website. 

Also, note that Chow420 will have an internal verification protocol that validates the authenticity of a vendor’s (Certificate Of Analysis) COA against a comprehensive internal database of various testing laboratories. Chow420 reports any discrepancies it finds while testing validating vendor COAs to relevant authorities. 

Meanwhile, we embed our successful outcomes on our newly created binance network to help enforce the much-needed customer trust, verify the accuracy of product labels, and establish the sources of various products in the Cannabis or CBD industry. 

If you are looking for the best quality CBD products, visit our website. And if you have any questions or concerns about a product, don’t hesitate to reach out – we are happy to help.