Yes, Paragon will not sell cannabis but rather be a resource for other businesses within the industry to grow.
So you can say it will be like ETH for weed I like that idea

If we think about ETH like a tool which enable to bring cryptocurrencies to the public, this assessment is quite true.
This project should give a good push to the legalization and industrialization of the cannabis industry, even more if they reach such an hard cap, they would have a tremendous economical impact and the means to really push this industry in the right direction.