Cannabis Executive Doesn’t Understand Bitcoin
There’s a recent article posted on the Cannabis Business Executive (CBE) called, “Is BitCoin an Answer to Marijuana’s Banking Needs? No Way, No How.” The opinion-editorial written by the author gave certain reasoning to why the digital currency was unfit for the marijuana industry. However, it seems the journalist also didn’t do his research like so many others before him. Unfortunately, in legalized states such as Colorado, banks are unwilling to take cash coming in from cannabis businesses. Financial institutions are scared to accept this money as it comes into these companies in large....
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