Smoke by Cannacoin™: The Next Generation Cannabis Blockchain

What is Smoke by Cannacoin™?

Introduced in April 2025, Smoke by Cannacoin™ represents an advanced iteration of the Cannacoin protocol, originally launched in 2014 to address financial exclusion in the cannabis sector. Operating as a decentralized, peer-to-peer digital asset system, Smoke employs a hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus mechanism, optimized for scalability and energy efficiency. With a fixed supply cap of 420,000,069 coins, Smoke includes a premine of 21,000,003 coins allocated as follows: 40% (8,400,001.2 coins) for development, 20% (4,200,000.6 coins) for marketing, 15% (3,150,000.45 coins) for faucets, 15% (3,150,000.45 coins) for giveaways, and 10% (2,100,000.3 coins) for operational necessities. Smoke facilitates high-throughput transactions with 60-second block intervals. Its architecture is designed to support a suite of industry-specific applications, including decentralized finance (DeFi) lending protocols for licensed cultivators, non-fungible token (NFT)-enabled registry systems for operational compliance, and immutable seed-to-sale provenance tracking, though these features remain unimplemented as of April 2025. These capabilities position Smoke as a transformative platform for cannabis commerce, aligning with global trends toward supply chain transparency and financial inclusivity (Cannacoin Community Foundation, 2025).

To ensure transparent and community-driven allocation of resources, Smoke by Cannacoin™ will implement a voting system, enabling Smoke holders to determine expenditures from the faucet, giveaway, and marketing allotments. This democratic process, to be detailed in future updates, allows the community to propose and vote on initiatives such as promotional campaigns, faucet distribution schedules, and giveaway events, prioritizing projects that enhance adoption and engagement within the cannabis ecosystem.

Legacy & Evolution

Smoke by Cannacoin™ is deeply rooted in the pioneering efforts of the Northwest Green Thumbs (NWGT.org) and the Cannacoin Community Foundation, both of which have shaped the cannabis industry’s intersection with technology and advocacy. Since its establishment in 2011, NWGT.org has served as a vital resource for medical cannabis patients, delivering evidence-based education, quality-controlled product access, and community-driven support. These initiatives dismantled systemic barriers, enhancing patient outcomes by prioritizing therapeutic efficacy and safety (NWGT, n.d.). The Cannacoin Community Foundation, inspired by this ethos, championed financial sovereignty through blockchain innovation, laying the groundwork for Smoke’s development. Committed to service, community, and holistic health, the Foundation views Smoke as a continuation of these values, leveraging cutting-edge distributed ledger technology to address contemporary challenges in cannabis economics and regulatory compliance. Without the foundational contributions of NWGT.org and the Cannacoin community, Smoke’s vision for a decentralized, equitable cannabis ecosystem would not have been realized.

How Does Smoke Work?

Smoke’s blockchain leverages a hybrid consensus model integrating Scrypt-based PoW and PoS to balance security, decentralization, and sustainability. During the initial PoW phase, miners secure the network and earn 50-coin block rewards until block height 2,102,400, after which PoS validators assume governance, receiving 21-coin rewards per block. This transition optimizes transaction throughput and reduces environmental impact, supporting Smoke’s role as a high-performance ledger for cannabis-related applications. Key proposed components, currently unimplemented as of April 2025, include:

• DeFi Lending Protocol: Licensed cannabis cultivators can access liquidity through Smoke-denominated loans, collateralized by projected crop yields. Governed by smart contracts, these loans mitigate counterparty risk and streamline repayment via harvest-linked schedules, fostering economic resilience for small-to-medium enterprises (SMEs) excluded from traditional credit markets (Tapscott and Tapscott, 2016).
• NFT-Enabled Registry System: Cultivators undergo a blockchain-based onboarding process, receiving unique NFTs that encapsulate critical credentials, including regulatory licenses, tax compliance, and operational certifications. These digital assets, stored immutably on Smoke’s ledger, facilitate seamless audits and enhance trust across supply chains.
• Seed-to-Sale Provenance Tracking: Utilizing NFT metadata, Smoke records granular lifecycle data for cannabis products, from cultivation to retail distribution. This tamper-proof system ensures compliance with jurisdictional mandates, mitigates fraud, and empowers consumers with verifiable product origins, aligning with industry demands for transparency and accountability (National Academies of Sciences, Engineering, and Medicine, 2017).

By embedding these features within a robust blockchain framework, Smoke addresses the cannabis industry’s need for financial innovation, regulatory adherence, and operational efficiency, paving the way for institutional adoption.

How to Acquire Smoke

Who We Are

The Smoke by Cannacoin™ ecosystem unites a global coalition of cultivators, dispensary operators, blockchain developers, and cannabis advocates. Committed to advancing the industry through decentralized technology, this community drives innovation in financial inclusion, supply chain integrity, and regulatory compliance, fostering a resilient and equitable cannabis economy.

Our Mission

The Cannacoin Community Foundation seeks to catalyze the cannabis industry’s evolution through secure, scalable, and interoperable blockchain solutions. Smoke by Cannacoin™ operationalizes this mission by delivering high-throughput transaction capabilities, DeFi lending frameworks, and NFT-driven compliance tools, empowering stakeholders to navigate the complexities of a rapidly institutionalizing market.

Our Team

• Brent Kohler (aka deusopus): Project Architect and Lead Developer
• Tom Burkhardt (aka 8-bit): Deputy Project Coordinator

Special Thanks

We express profound gratitude to blockchain visionaries—Satoshi Nakamoto, Charlie Lee, and Vitalik Buterin—whose innovations inspired Smoke’s technical foundation. The Smoke by Cannacoin™ ecosystem unites a global coalition of cultivators, dispensary operators, blockchain developers, and cannabis advocates. Committed to advancing the industry through decentralized technology, this community drives innovation in financial inclusion, supply chain integrity, and regulatory compliance, fostering a resilient and equitable cannabis economy.

External Links

• Cannacoin Core 2014 on CoinMarketCap
• Cannacoin on Twitter
• Cannacoin Discord Community
• Cannacoin on Telegram
• Cannacoin Subreddit
• Cannacoin Core 2014 GitHub Repository
• Cannacoin Shop
• Whitepaper
• Smoke by Cannacoin™ Source Code

Countdown to Cannacoin Day