The First THC Products are Available for Purchase in the Metaverse
Laura McQuarrie — February 18, 2022 — Business
References: prnewswire
Saucey Farms & Extracts and Higher Life CBD Dispensary teamed up to make the first THC products available for purchase in a metaverse cannabis shop. Saucey items can be purchased in the metaverse with regular currency, as well as cryptocurrency, to ensure accessibility for all within the Higher Life CBD Dispensary on 3 Dendrite Street, near Igloo 3 in Cryptovoxels.
Earlier, Higher Life CBD Dispensary debuted as the first cannabis brand to have a presence in the metaverse and at launch, the offerings were limited to CBD products during the first phase. Now, THC products can be accessed through the metaverse, representing Saucey Farms & Extracts sees as its "second phase in the online evolution of the cannabis industry."
Later in the year, adults can look forward to cannabis NFT launches.
Earlier, Higher Life CBD Dispensary debuted as the first cannabis brand to have a presence in the metaverse and at launch, the offerings were limited to CBD products during the first phase. Now, THC products can be accessed through the metaverse, representing Saucey Farms & Extracts sees as its "second phase in the online evolution of the cannabis industry."
Later in the year, adults can look forward to cannabis NFT launches.
Trend Themes
1. Metaverse Cannabis Market - Creating virtual cannabis dispensaries for the sale of both CBD and THC products in the metaverse.
2. Cryptocurrency Payment for Cannabis Products - Allowing customers to purchase cannabis products in the metaverse using regular currency and cryptocurrency is a unique opportunity for disruptive innovation in the market.
3. Cannabis NFT Launches - The creators will use the metaverse to launch cannabis-themed NFTs, marking a new era for cannabis industry marketing.
Industry Implications
1. Cannabis Industry - Virtual cannabis dispensaries are a potential opportunity for innovation in marketing and sales for the cannabis industry.
2. Cryptocurrency Industry - The acceptance of cryptocurrency payments in virtual dispensaries shows the growing importance of cryptocurrency in everyday transactions.
3. Virtual Reality Industry - Developing metaverse cannabis shops opens up new opportunities in the Virtual Reality Industry, including VR technologies that enable customers to simulate smoking cannabis products without affecting their health.
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