Cannabis Needs Crypto to Usher its Gray Market Into The 21st Century

People have long anticipated the legalization of marijuana, long before ‘crypto’ became a buzzword. Over 25 states currently have some form of legalization, with several already moving onto full recreational legalization. A similar process played out during the end of alcohol prohibition in the United States.

States, one by one, made alcohol legal again. Eventually, a constitutional amendment was recirculated, but by the time it passed, most residents had some legal access to alcohol yet again.

Individual jurisdictions were still allowed to restrict the sale and possession of alcohol, and that persists today.


While that seems to be the trend society is following with marijuana, a crucial difference exists today: banking regulations prohibit illegal proceeds. Technically, federal law still classifies marijuana as a dangerous narcotic.

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