How Cryptocurrency is Helping the Cannabis Industry

While cryptocurrency and legal cannabis are different industries, both face similar challenges, especially from the financial, political, and regulatory side of things.

As these two industries continue to see significant growth despite the many struggles from all corners, we have noticed that they also share a similar user base as they are both popular among the younger generation.

But more interestingly, the cryptocurrency industry and the legal cannabis industry have the same business model, which can help foster the widespread adoption of both industries.

Cannabis Banking

Access to financial services has always been a problem for the legal cannabis industry, especially in the United States. Even though marijuana has been made legal in many states across the country, local banks are still leery of providing their services to businesses in the industry just because cannabis is still illegal at the Federal level. This involves other ancillary industries tied to cannabis like vaporizers, CBD, and much more. Source...

#Cannabis #Cryptocurrencies

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