Blockchain News
Cannabis, Meet Crypto
The U.S. cannabis industry, projected to be worth some $40 billion by 2030, faces legal and regulatory challenges including lack of access to traditional banking and supply chain transparency. Can crypto help?
The utility of blockchain technology to address data mutability, trust, authenticity, and traceability of assets could be the ideal solution for these challenges that the cannabis industry faces.
Under U.S. federal law, marijuana is still a Schedule 1 controlled substance, creating both financial and operational hurdles for state law-abiding operators in the expanding cannabis landscape.
Federal Reserve-backed traditional banks continue to shut their doors to state-licensed cannabis companies, unwilling to touch funds that have passed through operations that are still technically illegal under federal law. Cannabis startups deal with higher risks associated with all-cash operations. Moreover, they don't have access to traditional bank...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...