What You Should Know About Cryptocurrencies And Legal Cannabis

The $10 billion legal US marijuana industry has taken it upon themselves to expand their payment methods. Two alternatives over cash are recently being used, cryptocurrencies and loaded debit cards.

By Alex M In 2012, when Colorado and Washington legalized marijuana for recreational use, the whole cannabis community celebrated the beginning of the end of pot prohibition.   Something many people wanted to see had finally happened,  but while many entrepreneurs have joined the Green Rush, they have encountered more challenges and business hurdles than most expected. One Read the full article…

Buying Marijuana With A Credit Card Just Got Easier

A statement by Visa in early January noted it will rely on the judgment of banks, given that the federal government "will not challenge state laws that legalize and regulate marijuana sales," according to the Denver Post.

The recently released guidelines from the Department of Justice and Treasury are being heralded as finally giving the go-ahead to banks to allow the legalized marijuana industry to bank like any other enterprise. Basically, the government declared that chasing those involved with the newly legal pot business is definitely not at the top of its priority Read the full article…

Recreational Pot: Processors Of Credit, Debit Cards Relax Rules

"In offering our payment service, Visa adheres to the rule of law and seeks to prevent our network from being used for unlawful purposes," the company said in a statement to The Denver Post.

COLORADO: Recreational-marijuana businesses might not be as unbanked as they claim, with dozens of stores offering patrons payment alternatives to cash — each requiring a bank account. Whether by credit card or ATM, customers say they were pleasantly surprised to learn that the cash in their pockets wasn’t necessary to buy recreational cannabis. “It was at Read the full article…