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Can Crypto Save the Cannabis Industry?
31.8.2022
The legal cannabis industry’s problems go much deeper than a lack of access to banking. This piece is part of CoinDesk's Sin Week, which sheds lights on how illicit industries are using crypto and adapting to Web3
PotCoin Migrates to Nexus
6.4.2021
PRESS RELEASE. PotCoin (Ᵽ) is migrating over from their legacy blockchain to Nexus (NXS). PotCoin has made Nexus their platform of choice, with the confidence that together they will best serve the growing cannabis industry. The recreational and medical cannabis market in North America...
Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale
10.7.2020
Chicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in order to get approval from the U.S. Securities and Exchange Commission (SEC). Ceres wants to launch a token that will be used for garnering equity, while the company also wants to launch a coin that can...
Relm Launches Insurance Coverage for Cryptocurrency and Cannabis Groups in Tough Regulatory Climate
4.3.2020
Bermuda-based insurance company Relm has announced an official launch of operations, issuing a press statement March 3, stating the group will “focus on digital asset (cryptocurrency) enterprises and cannabis and hemp related businesses.” The business, owned by Deltec International...
Blockchain Application in Aiding Prospects of Cannabis Industry
22.2.2020
With more and more states in the US and countries around the world legalizing the cannabis industry, the segment is witnessing a new wave of growth and expansion. The recreation of marijuana is attracting many big players and according to one recent research estimate, the industry is going...
Blockchain Application in Aiding Prospects of Cannabis Industry
22.2.2020
With more and more states in the US and countries around the world legalizing the cannabis industry, the segment is witnessing a new wave of growth and expansion. The recreation of marijuana is attracting many big players and according to one recent research estimate, the industry is going...
Cannabis Buzz Harshed by Regulations, Cash Shortage While Cryptocurrency Is Ready to Light Up
18.2.2020
Recent reports show that major marijuana companies are running out of money, and businesses in Canada are especially in danger of becoming illiquid. Major producers in the weed-friendly nation have just over 6 months of cash on hand, according to the information, and comparable companies in...
Cred Merchant Solutions to Help Unbanked Business Sectors
3.11.2019
Cred Merchant Solutions has been unveiled in Emeryville during San Francisco Blockchain Week in an event hosting several California elected officials. The new point-of-sale system will help unbanked business sectors, such as California’s cannabis industry, accept crypto payments from...
California City Official Uses Bitcoin Cash to Purchase Cannabis
11.9.2019
In California, cryptocurrency payments are making headway in the cannabis industry as Berkeley City Councilmember Ben Bartlett became the first elected official to purchase cannabis using a digital asset. On Tuesday, Bartlett utilized bitcoin cash (BCH) and Cred’s LBA token to facilitate...
Does the Cannabis Industry Really Use Crypto?
20.7.2019
Despite the wave of cannabis legalization across U.S. states and several countries, banks are still reluctant to bank cannabis businesses due to their perceived regulatory riskiness. As a result, the “cannabusiness” is effectively a cash-only business.
Perhaps unsurprisingly, many bitcoin...