Why the Marijuana Industry Needs Crypto

Why the Marijuana Industry Needs Crypto
As organized mobs pillage all-cash retail cannabis stores in a wave of violent robberies across the country, the leadership of U.S. Senate just refused to do something to stop it.If Congress won’t help, it’s time for the cannabis industry to help itself. Cryptocurrencies offer legal cannabis businesses immediate alternatives to both an exclusionary banking system and operating all-cash businesses. We need to adopt them now.Over the last 25 years, the state-legal cannabis industry has grown exponentially, but banking the proceeds of even a lawful cannabis business is still illegal under federal anti-money laundering (AML) laws. This effectively excludes the industry…