There’s a new essay posted on a Cannabis Business Executive (CBE) called, “Is BitCoin an Answer to Marijuana’s Banking Needs? No Way, No How.” The opinion-editorial created by a author gave certain logic to because a digital banking was non-professional for a marijuana industry. However, it seems a publisher also didn’t do his investigate like so many others before him.
Bitcoin and Cannabis
Unfortunately, in ratified states such as Colorado, banks are reluctant to take income entrance in from cannabis businesses. Financial institutions are frightened to accept this income as it comes into these companies in vast amounts. This is rarely clear in a Netflix documentary, “High Profits,” where hundreds of thousands of dollar bills are awkwardly managed by businesses on film.
Unaccountability is a CBE author’s problem with Bitcoin being used within a pot industry. He explains, “I do not validate BitCoin for cannabis