Silver Scott Mines Launches TrustNFT.io for Cannabis Blockchain Authentication

New Platform Weed.TrustNFT.io Revolutionizes Cannabis Industry with Anti-Counterfeiting Solutions
Introduction to Weed.TrustNFT.io
FRANKLIN, NEW JERSEY / ACCESS Newswire / June 30, 2025 – Silver Scott Mines, Inc. (OTC:SILS), a pioneer in blockchain security technologies, has officially unveiled Weed.TrustNFT.io, an innovative platform utilizing NFTs to combat counterfeit cannabis products, ensure compliance with regulations, and enhance customer engagement through blockchain advancements.
- Introduction to Weed.TrustNFT.io
- The Challenge of Counterfeiting in Cannabis
- How Weed.TrustNFT.io Operates
- Advantages for Cannabis Brands
- Combat Counterfeiting
- Streamline Compliance
- Enhance Customer Loyalty
- Generate New Revenue Streams
- Insights from Leadership
- Expected Outcomes from Pilot Programs
- Availability of the Platform
- About Silver Scott Mines, Inc.
- Forward-Looking Statements
- Media Contact Information
The Challenge of Counterfeiting in Cannabis
Counterfeit cannabis products are a significant threat, costing legitimate businesses as much as 15% of their annual revenue. As regulatory pressures mount, Weed.TrustNFT.io offers a transparent and consumer-friendly solution that guarantees product authenticity from cultivation to sale.
How Weed.TrustNFT.io Operates
Each cannabis item is assigned a distinct NFT that is connected to:
- Laboratory test results (THC/CBD percentages, contaminants)
- Genetic information and grower details
- Expiration dates and batch tracking
Consumers can easily scan a QR code to verify authenticity before making a purchase, while brands and regulatory bodies can access a secure blockchain ledger for compliance purposes.
Advantages for Cannabis Brands
Combat Counterfeiting
This platform helps safeguard brand integrity and revenue by preventing the sale of counterfeit products.
Streamline Compliance
By leveraging blockchain technology, businesses can reduce audit expenses through automated record-keeping.
Enhance Customer Loyalty
Gamified NFT rewards can lead to an increase in repeat purchases by 25% or more.
Generate New Revenue Streams
Brands can earn royalties from NFT resales and premium verification services.
Insights from Leadership
Stuart Fine, CEO of Silver Scott Mines, stated, “The cannabis sector faces substantial losses due to counterfeit products and operational inefficiencies. Weed.TrustNFT.io equips brands with a comprehensive solution to combat fraud, foster trust, and monetize their offerings in unprecedented ways.”
Expected Outcomes from Pilot Programs
Cannabis brands that adopt the TrustNFT.io platform can expect:
- A 10-15% decrease in losses from counterfeit products
- 30% faster compliance reporting
- An annual revenue boost of $50K-$500K from NFT initiatives
Availability of the Platform
Weed.TrustNFT.io is now accessible to licensed producers, dispensaries, and edible manufacturers. To celebrate its launch, Silver Scott Mines is offering 500 complimentary NFTs to the first ten brands that register on the platform.
About Silver Scott Mines, Inc.
Silver Scott Mines, Inc. (OTC: PINK: SILS) invests in advanced blockchain and AI technologies tailored for regulated sectors. Its subsidiary, TrustNFT.io, focuses on anti-counterfeiting and customer engagement solutions across cannabis, pharmaceuticals, and luxury goods.
Forward-Looking Statements
This announcement contains forward-looking statements as defined by the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause actual results to differ significantly from expectations. Terms such as “expects,” “believes,” “anticipates,” and similar expressions are used to identify these forward-looking statements. Various factors could lead to actual outcomes differing from those discussed.
Media Contact Information
Stuart Fine
CEO, Silver Scott Mines, Inc.
Phone: 908-356-9852
Website: www.silverscottmines.com
Social Media: X: @TrustNFT2025 @silverscottmine
SOURCE: Silver Scott Mines, Inc.
For the original press release, visit ACCESS Newswire.