Colorado Cannabis Operations Begin Banking With Bitcoin
Across the United States, cannabis operations are now becoming common. However, cannabis business owners from fully-legalized states such as Washington and Colorado are having a hard time cashing in on their frowned-upon weed businesses. According to Motherboard, one Colorado hemp farmer is turning to bitcoin and teaching others how to leverage the....
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The Crypto Cannabis Conference is holding its second annual conference in Denver, Colorado — where cannabis is legalized for recreational use. Crypto Cannabis Conference Comes to Colorado. The cannabis industry is growing exponentially in the U.S., and this year many states are on the path to legalize marijuana. With this economy now budding, many....
Colorado, a US state known for its liberal regulation of cannabis, is now going to host the Crypto Cannabis Conference on October 24th & 25th, 2015. The organizers expect the attendance from the best minds in the cannabis industry who will discuss the pros and cons of Bitcoin for the cannabis industry. Inviting the best minds in the Bitcoin world, Crypto Cannabis Conference organizers don’t charge any registration fees. People involved in the legal cannabis business have a lot of advantages if they use Bitcoin, and this conference explores those advantages. Similarly, the organizations....
In what it describes as a “logical move,” a Denver cannabis security firm has announced that it will accept bitcoin to offset the lack of banking support currently plaguing the legal cannabis industry, as well as reduce the exorbitant fees imposed by credit card companies. The emerging legal cannabis industry in the US has a banking problem. The....
Colorado Securities Commissioner (CSC) Gerald Rome had some things to say concerning investments in digital currency and cannabis. It seems the state employee where reefer is legalized doesn’t see the incredible amounts of capital injection happening all around the world from these businesses. In fact, it’s interesting he and other U.S. officials have not seen the level of wealth being poured into the state provided by cannabis companies. Giving an advisory on behalf of Colorado states CSC, Rome believes three emerging investments are very risky right now. The ventures mentioned are some....
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....