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Daily CryptoCann Report: Ashton Kutcher donates US$4mln in Ripple; The Garden State faces a marijuana shortage

The actor made a multi-million dollar donation to The Ellen DeGeneres Wildlife Fund
Ashton Kutcher
Kutcher is a proponent of crypto investing

It was a good day for cryptocurrency with all top five coins on the rise.

EOS (EOS-USD) was the top gainer of the day, surging nearly 14% to US$12.13.

Ripple (XRP-USD) was the second-highest riser, jumping nearly 6% to US$0.63 followed by Bitcoin Cash, which was up more than 4% to US$1,036.77.

Ethereum (ETH-USD) was up more than 2% to US$589.80 while Bitcoin (BTC-USD) was up less than 1% to US$7,557.62.

Actor and investor Ashton Kutcher put his cryptocurrency to good use, making a US$4mln donation to The Ellen DeGeneres Wildlife fund in Ripple while on her talk show.

"Ripple is basically a platform to allow people to transfer money from bank account to bank account, person to person, really securely, really simply, really quickly," said Kutcher.

If you’re a crypto-enthusiast looking to get away from it all, the islands of French Polynesia may be the place to go.

Political scientist Nathalie Mezza-Garcia is working on The Floating Island Project alongside the French Polynesian government to set up offshore housing complete with its own government and cryptocurrency. The coin will be known as the Varyon and all community operations will revolve around blockchain technology.

The US$50mln project is still ongoing and the island has yet to be named.

The North American Marijuana Index, which tracks the leading cannabis stocks in the U.S. and Canada, saw a more than 2% decline.

New Jersey is facing a medical marijuana shortage as changes to the state’s laws expand the program. The Garden State approved a measure to make it more accessible to residents, updating the list of conditions that qualify for medicinal marijuana usage to include conditions ranging from cancer to anxiety. Physicians are now able to recommend the treatment to patients without having to enter into a public register, as was previously required.

READ: Callitas Health boosts global distribution for its CannaMint Strips by inking exclusive development agreement

Clinical-stage pharma company Callitas Health Inc (CNSX:LILY) signed an exclusive development agreement to boost the distribution of its CannaMint Strips, a minty breath strip that offers users a discreet way to use cannabis. Shares of the company were down nearly 7% to C$0.20.

Indoor cultivation company GrowLife Inc (OTCQB:PHOT) has introduced an e-commerce distribution platform catering to the Canadian cannabis market as the country moves closer to legalization. The GrowLife Hydro platform features products for indoor plant growers including containers, ventilation, water pumps and plant nutrients. The site also has tips and tricks on hydroponic gardening, water conservation and other topics.

Shares of the Washington-based company were down more than 2% to US$0.02.

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