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The Case For Crypto

The case for crypocurrencies  is getting stronger by the day.   One industry that could benefit from using crypto is the cannabis industry.   The New York Times explains:

“Cannabis use still lacks legal standing with the federal government.   That means growers, processors, and retailers can’t open accounts or access lines of credit from federally insured banks.   They can’t write off business expenses when they file their taxes, and it’s extremely difficult to purchase crop insurance.”

The states have begun to legalize the use of cannabis but cannabis is still federally illegal.   How is one going to run a business without capital?    Without banks?  The answer is cryptocurrencies (eg: Monero, Verge).


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