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Cryptocurrency went from obscurity to U.S. national security, but can it work for the Cannabis Industry?

On the one hand, the vast majority of citizens support cannabis legalization, both medicinally and recreationally. We see this reflected every year in local elections that bring more and more parts of the country into the legal cannabis fold.

And yet, despite broad public support, marijuana remains illegal at the federal level. Not only does this give cannabis businesses a complicated legal status even in states that have approved them, but it also makes banking impossible.

Crypto has the potential to help unbanked cannabis businesses enjoy more autonomy and security.

Cutting through the storm is the simple clarity of cryptocurrencies. For businesses that want enhanced safety and simple customer friendliness, no other option provides half so many benefits.

Is crypto a fix-all? It certainly is not. For one thing, it tends to solve some accounting problems while creating others. Business owners are responsible for converting their cryptocurrency into dollar equivalencies to pay taxes.

Show Notes:
Crypto In The Cannabis Industry https://www.benzinga.com/markets/cann...

Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
  / joshkincaid  

Episode 895 The #TalkingHedge...
Your Cannabis Business Podcast.
​Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com

Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats

Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data

Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.