Veed Network Unveils License Badging Feature to Battle Illicit Trade in Cannabis
Summary
The Veed Badge, powered by Canoja Technologies CanojaVerify, will appear on each business profile page and contains additional information, such as license type and expiration date.In today’s landscape of a thriving illicit cannabis market, consumers face substantial health risks when they are consuming cannabis purchased from unlicensed operators. By purchasing products that have not gone through the strict testing requirements, consumers may be exposed to potential harmful pesticides, heavy metals, microbes, fungi, mold, or even added additives contained in the products they consume.Veed chose Canoja Technologies, a cannabis licensing data verification and automation company as a partner for its badging system, whose CanojaVerify solution automatically verifies the legitimacy and license status on a daily basis. "Veed requires absolute compliance of all their clients to ensure that they are licensed business connections and they operate within the framework of SEC guidance and existing state laws. CanojaVerify’s API gateway optimizes the validation process for speed and accuracy, allowing for near real-time verification. By creating standardized and automated solutions for both sides of the cannabis space, Canoja Technologies is poised to become a critical part of the compliance infrastructure in one of the world’s fastest growing markets.For more information about Veed Network, visit Veed.network Media Contact:Nancy Riveongnancy@veed.ventures(415) 260-2822