JIBBIT: A PLATFORM CONNECTING THE CANNABIS WORLD WITH THE CRYPO WORLD
Jibbit offers a platform that will connect the worldwide cannabis community (200m+) with the Cryptocurrency World. Jibbit understands that many countries are legalizing marijuana for medical use and thereby the need to connect the world with the crypto world. Today, I want to take you through the issue of legalization of marijuana and how Jibbit will help the countries to use crypto in accessing the cannabis. The platform will be safe, secure and transparent for all users.
The issue of legalization of marijuana
The arguments presented in favor or disfavor of legalization of marijuana are all compelling and valid. However, the arguments for legalization seem quite overwhelming and on the basis of cost-benefit analysis, they tend to outweigh the arguments against legalization of marijuana. It has been observed that the government spends a lot of money in the fight against cannabis use. On the other hand, states that have legalized marijuana get revenue exceeding government’s expenditure in the fight. The revenue accrued as a result of legalizing cannabis is high and one cannot dismiss that fact in an honest and integrity-governed debate. Knowing the many medical advantages that come from cannabis, I am pretty sure that more countries will allow and legalize cannabis products for medical purposes.
Further, by looking at consistency, the argument that legalizing marijuana can be a pathway towards legalization of other drugs and also gateway towards their abuse is flawed. It cannot be readily determined that making marijuana legitimate makes cocaine legitimate. Use of other drugs like heroin is not exclusively as result of legalization of marijuana. States that have legalized medical marijuana do not experience higher cocaine/heroine use than those that have not. And if they do, to what extent can this be exclusively attributed to legalization of marijuana without other triangulating variables? In addition, for the purposes of consistency and justice, legalization of alcohol (with more or equal effects with alcohol) should support legalization of marijuana.
Where Jibbit comes in
Jibbit offers a platform that the users can be able to purchase cannabis for medical use using the cryptocurrency
One compelling argument for legalization of marijuana is based on then medicinal value of marijuana. The perceived medical benefits of marijuana have inclined supporters of its legalization to push for medical marijuana and legalization for that purpose. While marijuana is classified under schedule 1 drug which have no accepted medical use, research has shown that cannabis (marijuana) can useful in medical setting. Apparently, research shows that patients experiencing chronic or terminal illnesses accrue substantial benefits when marijuana is incorporated in the treatment. Cannabis has been to reasonable extents used for physician recommended therapy. The plant can be extracted to yield synthetic forms that are useful in remedying various ailments. Marijuana has Delta-tetrahydrocannabinol, cannabidiol, cannabinol, beta-caryophyllene, cannabigerol and the THC derivatives for various pharmacologic purposes. With this understanding, Jibbit aims at providing a platform that will help the medical officers to obtain the medical cannabis using the crypocurrencies.
CONCLUSION
Cannabis use in medicine dates back to ancient medicine in Asia where its beneficial effects were first determined. Some of the regular proponents of cannabis said that the drug is very important in treating the symptoms of cancer, AIDS, pain management, multiple sclerosis, glaucoma, epilepsy as well as many other inflammatory conditions. The patients undergo excruciating pain and it is perceived that marijuana could be beneficial in reduction of the pain. In this vain, some states in the US have already legalized marijuana for medical use. These include Colorado, Washington, Delaware, Illinois, Massachusetts and other 15 states. Jibbit will be able to connect the cannabis world with the crypo platform that they can transact easily and be able to trace their transaction. The platform is escrow and smart contract enabled allowing only authorized users to access the platform. This will ensure transparent, safe and secure transactions. Please visit the companies website for more info. Thank you for your time.
For more information visit the website below:
Whitepaper: https://jibbit.io/Whitepaper.pdf
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Author: Gitagiajose
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