Paragon will be an amazing addition to the cannabis industry. You're right we could probably talk all day about all the benefits of marijuana. What about Paragon? they bring the safe space, organization and a platform for us to work towards the legalization of marijuana while growing businesses.
Why do you need a new Paragon coin? Why not pick any altcoin at all, buy up $10 million of it, and use it? Oh, right, because that doesn't make the 'founders' of this ICO a ton of money personally.
This doesn't make any sense, did you read the white paper at all? Paragon would only work on the foundation of ethereum , utilizing the ERC20 token standard. The paragon startup is about creating an entire economy, and ecosystem, based upon legal cannabis, and it various uses.
The white paper states that Paragon has plans to establish brick, and mortar paragon spaces whithin every state /country, where marijuana is legalized. What this means is, using ethereum as a a platform, Paragon will create a transparent ledger, that networks everything that is marijuana related, from medical doctors, and dispensaries, to legal offices, and focus groups, all within Paragon's framework, which is transparently, and conveniently stored on the blockchain. Any and everything related to legal marijuana use, will be connected to the blockchain, and easily auditable, in order to comply with laws, and regulations. The token is the center piece of financial tech that will help build the company from the ground up.
Example: In the U.S, when you buy packaged food from the grocery store, their is usually a label with nutritional facts, and information located on either the side, or back of the package. The same will be for marijuana related products. Let's say you would like to purchase some legal pot to smoke, but want to know the exact type of high you will experience (indica, or sativa), the duration of its effects, how bad you'll get the munchies, possible side effects, how much thc per gram, whether or not gmo's were used in it's life cycle, etc, and it all would be eaily verifiable on the ethereum blockchain, from when the seed of the plant was sown, to the day it's buds finish curing. That's just one small aspect of Paragon's envisioned economy, soley focused on the sale, and consumption of the cannabis. Now imagine all the other fields associated with cannabis, and its many uses, and their you have it. Paragon in a nutshell! Sorry for the wall of text!