Being related in any way to the cannabis, hemp, CBD, or even essential oils can get you banned, flagged, or dropped by a bank that you would normally be in good standing with.
Bank officials and others urged Congress on Wednesday to fully open the doors of the U.S. banking system to the legal marijuana industry.
There’s no question that the cannabis industry has a cash problem, but one company is helping businesses go beyond cash with a smart cryptocurrency solution.
From banking to transactions, companies of all sizes continue to manage their own money even as cannabis grows into a billion-dollar industry.
California would likely lose money and face insurmountable federal hurdles if it tried to create a state-backed bank for the marijuana industry.
The cannabis industry still hasn’t solved its banking problem, but there may be a solution in blockchain technology. See why.
