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

Health cannabis has become appropriate in many states within the U.S. and leisure cannabis in some. But, during the level that is federal cannabis – whether medical or recreational – continues to be categorized as being a substance that is prohibited. Meanwhile, globally, merely a few nations have actually lawfully permitted medical cannabis, and you will find much fewer ones which have at the very least decriminalized the medication for leisure usage.

Due to the ongoing state of cannabis legislation when you look at the U.S. and around the whole world, major banks are nevertheless maybe maybe not embracing cannabis companies. This implies that cannabis organizations are nevertheless struggling to accept credit or that is major debit cards.

And because cannabis businesses could not access credit and debit card solutions, they truly are forced to accept just cash. Continue reading