Standout Features

The Cannabanc project strives to offer complete banking solutions,
enabling its users to seamlessly enjoy cannabis related transactions
by eliminating the role of intermediaries and centralized financial institutions.

Online Platform

Cannabanc is an online virtual bank that provides similar services as a commercial bank but with the focus on cannabis businesses and consumers.

Remittance Engine

A dedicated remittance engine allowing cannabis consumer to remit money across the globe in a trustless, seamless and cost-effective way.

Lending Platform

Enabling cannabis businesses to acquire micro-loans from the Cannabanc or even get P2P lending from other peers by keeping their crypto-assets as collateral.

CNB Token

A solana based utility token that allows equity within the Cannabanc crypto banking platform to to be used to make payments and exchange value in crypto banking way.

Clearing Trade Settlements

An innovative way to perform clearing and trade settlement via blockchain. This protocol optimizes the clearing and settlement process while allowing cannabis businesses.

Support various Wallets

CNB Token supports a variety of digital Wallets. The encrypted technology of these wallet would allow you to secure your CNB Tokens.

New changes to Cannabis legalization in 2024

The federal landscape for cannabis legislation in the United States is undergoing significant changes under the administration of President Joe Biden. With plans to legalize cannabis federally and reschedule it from a Schedule I narcotic to a Schedule III controlled substance, the Biden administration is addressing long-standing issues related to criminal justice reform, public health, and economic opportunity. Central to this initiative is the passage of the SAFE Banking Act, which aims to provide financial security and support to the burgeoning legal cannabis industry. This thesis explores the motivations behind these policy changes and their potential impacts on the legal cannabis market before the 2024 presidential election.

One of the primary motivations for the federal legalization and rescheduling of cannabis is criminal justice reform. The current classification of cannabis as a Schedule I drug, alongside substances like heroin, is widely seen as disproportionate given its medical benefits and relatively low risk of addiction. The rescheduling to Schedule III, which includes drugs with accepted medical uses and lower abuse potential, aims to correct these inequities. This move is intended to reduce the number of non-violent drug offenders incarcerated for cannabis-related offenses, thereby addressing systemic racial disparities in the criminal justice system.

Rescheduling cannabis to Schedule III will also facilitate more comprehensive medical research into its therapeutic benefits and potential risks. Currently, the Schedule I classification imposes significant restrictions on research.

The legalization and rescheduling of cannabis present substantial economic opportunities. The legal cannabis market in the United States has been expanding rapidly, contributing billions to the economy and creating hundreds of thousands of jobs. Federal legalization is expected to further stimulate economic growth by allowing cannabis businesses to access traditional banking services and attract more investments. This, in turn, will lead to greater tax revenues and economic benefits at both the state and federal levels.

Roadmap to Success

In order to develop the required infrastructure and to expand our operations across the globe, we have devised a concrete plan and an ambitious roadmap set, with the right team and expertise, all set to expand globally. Our ability to rapidly deploy a solution once the technology has been developed makes the realization of our financial business case more tangible.
  • 2024 Q1
    Concept Development
  • 2024 Q2
    Testing and performance of Token
  • 2024 Q3
    Initial token launch on solana blockchain.
  • 2025 Q1
    Work to obtain licenses in select jurisdictions for Cannabanc Neobank
  • 2025 Q4
    Development of Cannabis banking Hedge Fund and other instruments.
  • 2024 Q3
    Full launch of Cannabanc Neobanking platform on separate blockchain.
  • 2024 Q2
    Create separate blockchain designated to Neobank platform
  • 2024 Q1
    Concept development
  • 2024 Q2
    Testing and performance of Token
  • 2025 Q1
    Work to obtain licenses in select jurisdictions for Cannabanc Neobank.
  • 2024 Q3
    Initial token launch on solana blockchain.
  • 2025 Q3
    create separate blockchain designated to Neobank platform
  • 2025 Q4
    Full launch of Cannabanc Neobanking platform on separate blockchain.
  • 2025 Q4
    Development of Cannabis banking Hedge Fund and other instruments.
  • 2024 Q1
    Concept development
  • 2024 Q2
    Testing and performance of Token
  • 2025 Q1
    Work to obtain licenses in select jurisdictions for Cannabanc Neobank.
  • 2024 Q3
    Initial token launch on solana blockchain.
  • 2025 Q3
    create separate blockchain designated to Neobank platform
  • 2025 Q4
    Full launch of Cannabanc Neobanking platform on separate blockchain.
  • 2025 Q4
    Development of Cannabis banking Hedge Fund and other instruments.

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