Bitcoin for marijuana

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First, dispensaries must handle large prefer debit and credit cards, this can cause problems when.

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Applying Bitcoin Blockchain to Cannabis Genetics
Crypto's inherent volatility and high transaction costs make it a poor substitute for cash, dissuading many potential cannabis business owners. These cryptocurrencies, often referred to as �weed coins,� have been designed to address the unique needs and challenges of the cannabis. The first customer-facing marijuana vending machine to debut in the US will accept bitcoins as a form of payment.

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Cryptocurrency has long been held up as a panacea for the U. The dramatic changes that have normalized both industries have shifted the crypto-cannabis culture since the Silk Road days. National Conference of State Legislatures. Established in , HempCoin was designed for use by the farming industry and medical and recreational dispensaries. Some experts, including Baskerville, have also suggested that because both the cannabis and crypto industries exist in a regulatory gray area, there is a potential that working together could be stigmatized.