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

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

Healthcare cannabis has become appropriate generally in most states when you look at the U cbd.S. and leisure cannabis in some. Nevertheless, during the federal degree, cannabis – whether medical or leisure – continues to be categorized as being a prohibited substance. Meanwhile, globally, just a countries that are few legitimately allowed medical cannabis, and you will find much fewer ones that have at the very least decriminalized the drug for leisure usage.

Because of the current state of cannabis legislation into the U.S. and around the entire world, major banking institutions are nevertheless perhaps not embracing cannabis organizations. This ensures that cannabis organizations are nevertheless struggling to accept major credit or debit cards.

And because cannabis companies could not access credit and debit card solutions, they truly are forced to accept simply cash. More