The Crypto Report
General Electric Co (NYSE:GE) is looking to apply blockchain technology to 3D printing, according to a recently published patent.
The company submitted an application last December for a method of integrating blockchain into 3D printing in order to create a digital ledger that can verify the manufacturing process, according to a CoinDesk report.
The current system of 3D printing lacks “verification and validation systems for ensuring that objects produced by the process are appropriately certified,” according to the filing.
The shrinking conglomerate announced in March that it had joined the Blockchain in Transport Alliance, a group looking to standardize the use of technology in the cargo transport industry.
READ: Daily CryptoCann Report: Survey suggest crypto ownership will increase; Oklahoma legalizes medical marijuana
The legislative crackdown on crypto continues. The US Federal Bureau of Investigations has 130 ongoing cryptocurrency-related investigations, according to a Bloomberg report.
The cases under review involve human trafficking, illegal drug sales, kidnapping and ransomware attacks, as per an interview with supervisory special agent Kyle Armstrong.
The US House of Representatives unanimously passed a bill to combat the illicit use of cryptocurrency, according to a Bitcoin News report.
Bill H.R. 6069, known as the “Fight Illicit Networks and Detect Trafficking Act”, requires the Government Accountability Office to study the use of digital currency and how it relates to human and drug trafficking. The study will also try to determine if digital currency can be used to detect these activities.
“This bipartisan legislation will help the government expose new criminal methods to move illicit funds, and provide ways to stop them,” said Representative Keith Rothfus (R-PA).
The Cann Report
Alison Ettel, founder of cannabis company TreatWell, has stepped down following a 15-second viral video of her appearing to call the police on an eight-year-old African-American girl for selling water without a permit, according to a High Times report.
Ettel denied that her actions were racially motivated and said she was only pretending to call the police.
The hashtag “#PermitPatty” began trending on social media as users called for a boycott of the company.
Since the video went live, cannabis companies and industry organizations like Women Grow have distanced themselves from Ettel and her company’s products, refusing to carry them in their stores.
READ: Daily CryptoCann: Andreessen Horowitz launches a crypto fund; FDA approves CBD-based epilepsy drug
Cannabis companies are facing backlash of their own in California and Oregon, where environmental advocacy groups have filed a petition to protect the soon-to-be endangered Humboldt marten, a member of the weasel family.
When California legalized certain uses of cannabis, large‐scale marijuana cultivation in remote forests increased throughout the state increased, starting in the mid‐1990s.
“Cultivation can impact Humboldt martens through the clearing and fragmentation of forests and the application of pesticides, including highly toxic anticoagulant rodenticides,” stated the California Department of Fish and Wildlife in a report.
The Department recommended that the small, furry creatures should be listed as threatened or endangered species, rather than its current status as a species of concern. There are estimated to be fewer than 200 Humbolt martens left in California and a few hundred in Oregon.
Finally, Lagunitas Brewing Company introduced a THC-infused sparkling beverage known as Hi-Fi Hops, according to Emerald Report.
There will be two versions of the alcohol-free bubbly drinks, with one containing 10mg of THC and the other with 5 mg of THC and 5 mg of CBD.
Last year, the company launched Laguintas SuperCritical Ale, which contained essential oils extracted from cannabis plants but no THC.
The drinks will only be available at licensed California dispensaries starting July 30.
Contact Lenore Fedow at lenore@proactiveinvestors.com
Follow her on Twitter: @LenoreMariee