TREES CEO MARSHALL HAYNER: “CANNABIS WILL BE A BIGGER INDUSTRY THAN BIG TOBACCO… AND IT NEEDS BITCOIN”

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The San Francisco-based dispensary, Trees, wants to hook you up with a cannabis kit, so all of your needs are taken care of in one place. The company acknowledges that – with technology like vaporizers, dabs, and so on, cannabis has become pretty complex (especially after a dome straight to the head). So for that reason, Trees stocks the latest tech and glassware for your blazing pleasure and packages in a convenient form. Medicinal use of cannabis in California has been legal since 1996. While in Colorado and Washington cannabis is recreational, in California, the legalization of recreational is on the ballot for next year. The medical industry have allowed a booming medical marijuana industry to grow. Trees unique product is “the original craft cannabis box.” The company offers a beginner model for $99 and two boxes for $149, each containing flower, extracts, and accessories. CEO of Trees, Marshall Hayner, garnered much press for his idea about delivering the craft cannabis box via drones. The idea of delivery by drones, popularized by Amazon, has come across some issues in the US with the Federal Aviation Administration (FAA), NASA and Verizon citing safety concerns. But, in the near future, your Trainwreck …

Bitcoin API Startup Gem Raises Funding Total to $3.3 Million

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Californian bitcoin API developer Gem has announced an additional $1.3m in funding, raising its total to $3.3m. The round was led by KEC Ventures, with additional contributions from First Round Capital, RRE Ventures– also an investor in 21 Inc and Abra – and early Facebook investor Robert Wolfson, among others. Gem closed its previous round in September last year after receiving funds from Mesa Ventures, Idealab, James Joaquin and Brock Pierce’s investment firm, Crypto Currency Partners. A spokesperson for the platform said the newly acquired funds would be used to accelerate feature development and scale Gem’s services for developers worldwide. Multi-sig wallet  Gem’s funding coincides with the launch of its multi-signature wallet API, which is now publicly available following a series of improvements. Approximately 40% of people using Gem’s API are from outside the United States – dispersed throughout Europe, Asia and South America. The new API aims to ease integration for this worldwide user base, while providing added security measures to protect bitcoin wallets and keys. Ken Miller, COO at Gem, said the security improvements had taken “massive amounts of time and energy to bring to the market”. However, he added: “It just was not an area we were willing to compromise.” The system now uses Hardware Security …