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

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

Health cannabis is currently appropriate in many states into the U.S. and leisure cannabis in several. Nonetheless, during the federal degree, cannabis – whether medical or recreational – continues to be categorized as being a substance that is prohibited. Meanwhile, globally, just a countries that are few legitimately permitted medical cannabis, and you will find much fewer ones which have at the very least decriminalized the medication for leisure use.

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

And because cannabis companies could not access credit and debit card solutions, these are typically forced to just accept simply cash. (más…)