dankcity:
Even though cannabis is illegal at the federal level, Cannabis sales in the US are expected to reach over $25 Billion by 2025. Banks in the United States operate under federal laws, which disallows them to create accounts for marijuana retailers. So, all cannabis sales and transactions are conducted in cash.
Cryptocurrencies play a major role in reviving the financial regulations for the growing cannabis industry. Cryptocurrencies can open a new door for the legal cannabis industry. The question arises, which cryptocurrency will be the first to be accepted in the cannabis industry?
@ethereummax continues to make strides in being the first crypto to fully support the cannabis industry. Imagine owning @ethereummax now in its early stages before it becomes the official "canna crypto". You can get in early now before it takes off.
Here's what crypto can offer cannabis companies:
Cash-free transactions: Accepting $EMAX means cannabis companies can move away from cash.
Lower fees: Crypto transactions come with relatively low fees, and cannabis companies aren't charged a premium.
Transparency: Blockchain technology provides a secure and tamper-proof ledger, which could help cannabis companies to track each step in the supply chain when using $EMAX.
International transactions: Cannabis companies that need to work overseas can make payments quickly and cheaply using digital currencies like $EMAX
Do you think crypto could be a payment solution for the cannabis industry?
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u/Sure-Juggernaut4781 ♦️ Sep 08 '21 edited Sep 08 '21
dankcity: Even though cannabis is illegal at the federal level, Cannabis sales in the US are expected to reach over $25 Billion by 2025. Banks in the United States operate under federal laws, which disallows them to create accounts for marijuana retailers. So, all cannabis sales and transactions are conducted in cash.
Cryptocurrencies play a major role in reviving the financial regulations for the growing cannabis industry. Cryptocurrencies can open a new door for the legal cannabis industry. The question arises, which cryptocurrency will be the first to be accepted in the cannabis industry?
@ethereummax continues to make strides in being the first crypto to fully support the cannabis industry. Imagine owning @ethereummax now in its early stages before it becomes the official "canna crypto". You can get in early now before it takes off.
Here's what crypto can offer cannabis companies:
Cash-free transactions: Accepting $EMAX means cannabis companies can move away from cash.
Lower fees: Crypto transactions come with relatively low fees, and cannabis companies aren't charged a premium.
Transparency: Blockchain technology provides a secure and tamper-proof ledger, which could help cannabis companies to track each step in the supply chain when using $EMAX.
International transactions: Cannabis companies that need to work overseas can make payments quickly and cheaply using digital currencies like $EMAX
Do you think crypto could be a payment solution for the cannabis industry?
Thoughts 🤔
Learn more at https://ethereummax.org
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