Is Bitcoin the answer to cannabis industry’s banking problem?

Is Bitcoin the answer to cannabis industry’s banking problem?

Healthcare cannabis is currently appropriate in many states within the U.S. and leisure cannabis in a couple of. Nevertheless, during the level that is federal cannabis – whether medical or leisure – continues to be categorized as a prohibited substance. Meanwhile, globally, just a countries that are few legitimately allowed medical cannabis, and you can find much fewer ones which have at the very least decriminalized the medication for leisure use.

Due to the present state of cannabis legislation within the U.S. and around the entire world, major banking institutions are nevertheless maybe not cannabis companies that are embracing. This implies that cannabis businesses continue to be struggling to accept credit or that is major debit cards.

And because cannabis companies could not access debit and credit card solutions, they’ve been obligated to accept simply cash. Continue reading