Chow420 Set their Heights on Solving Cannabis’ (CBD) Trust Problem with Blockchain After Raising $1M in Seed Funding and multi-store deal with SIMON and PREIT malls
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Last year, Chow420 completed their smart online marketplace, onboarding more than 500 companies like Hempbase, Windy Hill Hemp, Koi and Absolute Nature CBD, who produce high-quality CBD products. “Chow420 has turned out to be one of the best business decisions we have made,” shared Windy Hill Hemp’s President, Kristy Redmon, R.ph. “With Chow’s online age-verification and automated state-compliance, we are assured that 100% of our customers are of legal age and that we are meeting all state regulations. Chow even provides real-time sales tax calculations, which is no small feat given Colorado’s complex multi-jurisdictional tax requirements.” added Kristy. In combination with their automated dispensaries launching in malls this August, Chow420 is bringing trust, compliance, and convenience to the highly unregulated and oversaturated CBD industry that is predicted to be worth $20B by 2024. Our goal is to provide the cannabis industry with a robust offering that uses blockchain and a combination of physical and online tools to promote best practices in the manufacturing, testing, and retail sectors.” shared Chow420 CEO & Cofounder, David Obasiolu
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Chow420 will also be launching their Chow Pods this August. These fully automated, zero-contact dispensaries with electronic age verification allow customers to purchase CBD products using just their smartphone. Chow420 will be launching their automated stores and kiosks in 7 locations this fall after signing a deal with major mall real estate companies, Simon Property Group and PREIT, Chow420 will launch their Chow Pods and kiosks in 7 locations across the country:
- 1. Mall at Prince George - Hyattsville, MD
- 2. Cumberland Mall - Vineland, NJ
- 3. Philadelphia Mills Mall - Philadelphia, PA
- 4. Quakerbridge Mall - Lawrenceville, NJ
- 5. Lehigh Valley Mall – Fullerton, PA
- 6. Smith Haven Mall – Lake Grove, NY
- 7. Mills at Jersey Gardens – Elizabeth, NJ
To support Chow420’s ambitious blockchain technology and retail expansion efforts, a second round of fundraising has resumed on the StartEngine crowdfunding platform. Backed by over 2,000 investors, the company has positioned itself as a smart ecosystem made up of fully automated dispensaries and an online marketplace that seamlessly connects retailers with customers in the most compliant and transparent way.