Although medical use marijuana is now legal in more than half the states and recreational use is in some others, the drug is still illegal on the federal level. As a result, most major banks shun the marijuana business.
The cannabis industry, projected to grow to $50 billion from $6 billion by 2026, has long been in need of a financial solution, according to CNBC.
Many in the industry are hanging their hopes on cryptocurrencies.
Technology companies like SinglePoint and POSaBIT are working to generate a payment method for dispensaries and consumers using bitcoin. In recent years, some cryptocurrencies have cropped up specifically for cannabis transactions, like PotCoin and HempCoin.
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Some similarity seems to be present here:
https://www.cnbc.com/2017/12/15/bitcoin-offers-the-cannabis-industry-an-alternative-to-banks.html
It appears the author has cited this source in their work. Great Job!
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Cool post!
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