The latest innovations in digital finance could greatly help the struggling pot industry, according to the leader of a specialty finance company.
At first glance, the 21st-century businesses of cryptocurrency and legalized marijuana seem incompatible. A closer look reveals a potentially more harmonious picture, however.
That's not only because pot companies, which currently have problems accessing even the most basic services provided by the traditional financial industry, might benefit from the use of assets like Bitcoin (BTC 0.95%) and Ethereum (ETH 0.78%). It's also because blockchain technology holds the promise of streamlining the operations and accounting of an industry where such efforts can be complex.
(Originally posted by Cannabis News)
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