Cannabis Publication to Launch on Civil's Decentralized News Platform

Cannabis Wire, a trade publication dedicated marijuana industry coverage, is launching a newsroom on blockchain-based journalism platform Civil.

AccessTimeIconMar 9, 2018 at 10:00 a.m. UTC
Updated Sep 13, 2021 at 7:40 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Cannabis Wire, a trade publication dedicated marijuana industry coverage, is to launch a newsroom on blockchain-based journalism platform Civil.

According to an announcement from Civil, Cannabis Wire's newsroom is targeted at offering different types of content for both individual consumers and larger organizations such as farms, lawmakers and lobbyists.

“We’re promoting a more objective standard for responsibly covering the cannabis industry. Many people don't realize the scope of it today, and the myriad ways it can affect them," said Alyson Martin, co-founder of Cannabis Wire.

Civil touts a mechanism that can incentivize Cannabis Wire's newsroom staff to disseminate quality journalism by distributing the content over its decentralized platform. Readers pay for content with cryptocurrency, and the system sidesteps the need for advertisers and avoids political influence.

Newsrooms are self-governed by community members using Civil's ERC-20 "CVL" token. In addition, the platfrom also boasts that archives are tamper-proof, since content is stored on a distributed ledger.

Civil's decentralized newsroom received $5 million in funding last October last year from blockchain development firm ConsenSys. As reported, Civil said at the time half of the funding would be used to develop its services.

While still in development and the success of the newsroom's operation are yet to be seen, Civil has signed up at least five publications, including Cannabis Wire, according to its website.

Cannabis image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.