The global cannabis industry has been inhibited by regulatory restrictions for most of the recent history. But the legal market has emerged rapidly as more governments legalize medical and recreational use. Due to the shady image of the business, most banks and credit card companies would not handle the money generated by the cannabis industry though it is completely legal. This leads to inefficient and expensive solutions such as high bank fees and cash transactions, which only add to the shady image of the industry.

Current cannabis payments have issues and the CannaBCoin (CBDC) is the solution for these issues. CannaBCoin will provide a decentralized payment network for the legal cannabis industry. CannaBCoin has already set up agreements with major companies in the Europe, forming the CannaBCoin Alliance. The CannaBCoin Alliance works with legislators to solve the current paradox in the market. By implementing supply chain management and a trust & reputation layer, CannaBCoin aides legislators in creating a healthy and transparent market.