Cryptocurrency and the Allure of a Cashless Cannabis Industry

20180523190603 GettyImages 932730210 350x227 - Cryptocurrency and the Allure of a Cashless Cannabis Industry
Marijuana prohibition never stopped marijuana sales. Blocking legal marijuana businesses from the legal banking system isn’t working, either. The legal marijuana industry in the United States is awash in cash. Literally. With reports that cannabis businesses generated almost $61 million in tax revenue for California in just the first quarter of recreational marijuana sales, it’s important to remember that the money moving through the marijuana financial system is almost 100 percent in cash. Why? Most…

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