There’s no question that the cannabis industry has a banking problem. And without a reliable way to store and secure capital – a reported .03 percent of banks and credit unions will work with cannabis businesses nationwide leaving most to rely on cash transactions – business owners are having to find new ways to run their businesses.
We’ve talked about how cryptocurrency may help alleviate this pervasive issue before. Now there’s a business betting on that theory.
We caught up with President and Founder of Alt Thirty Six Lauren Murphy to learn more about how her platform is enabling cannabis businesses operate without cash and why that matters.