One of the biggest stumbling blocks in the legal cannabis trade is the money. People have always said “cash is king”, but legal cannabusiness owners are literally transporting wheelbarrows of hard currency. This is due to the financial sector keeping a safe distance from the cannabis market due to federal law prohibiting financial transaction involving cannabis, even-though many states have liberated both recreational and medical marijuana use.
This has opened up loopholes for ganjapreneurs wanting to get involved in both the legal and illegal market. Its called Blockchain and if you have not heard about Bitcoin you have been living in a cave. Cannabis cryptocurrency‘s have established themselves and becoming more popular by the day. Within the cannabis industry, safe, secure and reliable cryptocurrency’s are fast becoming the preferred choice of transactions. Potcoin, smoke.network, Paragon
, Dopecoin and Hempcoin are the largest communities of blockchain currencies flooding the market.
These currencies and communities based on blockchain are ultra-secure, anonymous, peer-to-peer digital coins providing banking solutions for cannabusinesses around the world. These payment solutions are providing the underserved marijuana industry with significant transaction and cost savings. Blockchain can be scaled from mom and pop shops to enterprise solutions.
One may ask how do I get involved in such a system? There are many options available such as potcoin or a more popular commercial option is Bitcoin. You simply register for an account with Coinbase and setup your wallet. This will allow you to receive or send fast and cheap global payments.
Get $10 worth of free Bitcoin when you set up your coinbase wallet with a $100 or more purchase click here to sign up: http://bit.ly/2AIanUA
Image citations & Article Sources
CryptoExchangeInsider.com
http://cryptoexchangeinsider.com/insight/top-cannabis-cryptocurrencies
weed.co.za
http://weed.co.za/2017/12/14/cannabis-crypto-currency
businessinsider.com
http://www.businessinsider.com/marijuana-states-legalize-recreational-weed-2016-9
Marijuana Politics
http://marijuanapolitics.com/marijuana-crypto-coins-2/
Bitcoin.com
https://news.bitcoin.com/zenapay-latest-pos-bitcoin-solution-to-enter-projected-50-billion-cannabis-market/
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Coinbase charges ridiculous fees around 20% per transaction. I invested in potcoin but it folded itself in half and stayed at a low price for ages so I sold. At the moment it's pretty a pump coin if a store puts a lot of money into it, they can control it.
I research and write about Cannabis Investing and follow the industry very closes as I am active in all aspects of the industry. Check out my intro blog I posted a few days ago and connect with me if you are interested in my writings about cannabis. I just posted a blog about the Canadian and US marijuana index and which one is outperforming.
Over the coming weeks, I will be reviewing the cannabis related cryptos, blockchain solutions for the cannabis industry and how we call all participate in the emerging Crypto-Cannabis sector. Stay tuned for more details.
Nice !! Im following you
@fgarciag , thanks for the follow. The Crypto Cannabis space will also be great for ICOs and Blockchain... we are working on these solutions right now, also coming soon.
hi. i’m following as well. always looking for ppl in the cryptocannabis world. 🤗
Don't see too much traction till its taken of schedule 1.
When big pharma has their radiated weed & trade system ready, schedule 1 goes by by
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i wonder with so many issues with banks why it seems like more aren’t utilizing crypto? the cannabis related coins seem like such an easy solution but yet most of them seem to not be utilized?