Federal reform could transform crypto’s cannabis use case
As senators call for an end to the federal prohibition of marijuana, how would it affect the crypto-cannabis connection that's arisen in the weed industry's banking blindspot? The recent vow by United States Senate leader Chuck Schumer to end federal prohibition of cannabis could have knock-on effects for Bitcoin (BTC) and the wider cryptocurrency industry.Schumer and fellow Democratic senators Ron Wyden and Cory Booker released a joint statement on Feb. 1, declaring their intention to comprehensively reform federal cannabis legislation. The statement noted the disproportionate impact of....
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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....
The Cannabis industry and Bitcoin environment are two of some of the biggest growing ecosystems in the world right now. In the United States and the United Kingdom legalization and decriminalization of Marijuana is continuing forward. In the United States, medicinal Cannabis is currently legal in twenty states and there is recreational legality in two.....
This coming election, more states are set to join the legalized cannabis campaign, opting to regulating the flower like alcohol. Just recently, it has been announced that Arizona will be voting on legalizing the plant, with Massachusetts following suit. When all these states are flooded with businesses flocking to the “Pot Rush,” there will be an....
At 4:20pm Denver time CCC is announcing the Crypto Cannabis Conference (CCC) 2016 is hosting its second annual event in Denver, Colorado on October 21-22, 2016. The conference is special in that it works to connect the cannabis and cryptocurrency industries. While Marijuana laws have been changing at the state level, with almost half of the United States adopting medical use statutes, the plant remains illegal at the federal level. Conflicting laws have made it difficult for businesses in the cannabis industry to get proper banking services. Many banks do not work with the industry due to....
Blockchain and cannabis have one thing in common: they are both disruptive developments changing how people do business worldwide, particularly in the United States. When it comes to legal cannabis producers, blockchain has the potential to completely transform an industry that has been hampered by a shockingly slow development trajectory, resulting in increased revenues in the future. This isn’t only true for growers; blockchain’s impact on a sector will also affect retailers and producers. But before we look into the impacts, it is imperative to evaluate the cannabis....