Michael Wagner and Gabriel Allred are the founder and co-founder of Tokes TKS. Together they have been trying to build a technological ecosystem in the legal cannabis industry.The idea behind Tokes TKS is to fill a gap between the federal and state laws in the USA. The problem is that due to a national regulatory environment, cannabis sales are only legal on a state level of government, which makes business transactions “cash only.” If business owners decide to bank their cannabis income, they are at risk of account closure or funds forfeiture. And that is where Tokes provides a safe digital solution for those businesses. The Tokes Platform is a social movement. Through the use of cryptocurrency and blockchain technologies it can develop cultural acceptance of marijuana legalization.Tokes TKS runs on the Waves blockchain, which allows users to exchange blockchain tokens on a peer-to-peer basis. Its Initial Coin Offering ran from November 2016 to January 2017. Tokes is actively developing products, integrating the token into critical systems for cannabis production, sale, and support and is currently available as a paying method within selected dispensaries.

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