Crypto is now lending a helping hand for the cannabis industry after congress abandoned them. When organized mobs looted cannabis retail stores across the country in a wave of violent heists, the US Senate leadership refused to do anything to stop it. If Congress doesn’t help, it’s time for the cannabis industry to help itself. Cryptocurrency offers legal marijuana businesses a direct alternative to proprietary banking systems and cash-powered businesses. We have to accept it now.The legal cannabis industry has grown exponentially over the past 25 years, but banking revenues, even from legitimate cannabis businesses, are still illegal under federal anti-money laundering (AML) laws. This effectively excludes the industry (and all the companies that supply it) from access to banking and financial services. The industry is grappling with the growing public security threat posed by forcing legal cannabis companies to leave banks and hold large sums of money. With each new state legalizing
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