it is great project but regulations is important , specially with the cannabis. Good luck dev
Thank you. Regulatory compliance modules specifically for Cannabis industry sectors (Marijuana and Industrial Hemp) have been installed and only allow verified licensed users in regulated markets to engage in active commerce. Onboarding and usage for all CHEX platforms is geo-fenced for intrastate commerce only where required by law (U.S. marijuana trade). The legality of these regional industries is strictly within the confines of U.S. States’ rights. The U.S. government has defunded federal agency enforcement and States now benefit from regulatory guidelines on intrastate cannabis commerce. CHEX does not touch the plant and simply facilitates B2B connections between licensed parties via software that is fully compliant with all targeted regional regulations.
Furthermore, regarding cannabis trade and online payments, we have extensive measures in place to be fully compliant with all state and federal law enforcement. Prospective regional partnerships with compliant cannabis banks and companies that help them open/monitor accounts, such as Tokken and KIND Financial, will provide legal value transfer capability (fiat, crypto, CHX) if both counterparties on a CHEX transaction have a bank account. Until then, online transactions in this Pillar are facilitated only up to the order agreement, invoicing and delivery stages, but financial settlement still happens in cash offline. For other currently insurmountable legal hurdles, we are avoiding rollout of certain technologies. In the meantime, while the industry legally matures, we have built and continue to build out all the technological architecture in preparation for when the regulated restraints are lifted and have begun successfully onboarding users. This way, we are firmly positioned for rapid adoption on Day Zero of national and international legal cannabis markets.
