2016/08/01 5:00 AM
The Crypto Cannabis Conference (CCC) 2016 is hosting its second annual event in Denver, Colorado on October 21-22, 2016. The conference is special in that it works to connect the cannabis and cryptocurrency industries. While Marijuana laws have been changing at the state level, with almost half of the United States adopting medical use statutes, the plant remains illegal at the federal level. Conflicting laws have made it difficult for businesses in the cannabis industry to get proper banking services. Many banks do not work with the industry due to the real threat that the federal government could issue punishment.
Also Read: Denver, Colorado to Hold Crypto Cannabis Conference
While some credit unions and small banks serve cannabis businesses under secrecy, there is still a financial divide between legal cannabis businesses and the mainstream economy. Bitcoin can help fill that gap. By accepting bitcoin and using it up and down supply chains,…