Depends on the Americans really. They control enough of the traditional financial infrastructure that the usual methods of transaction are subject to their political rhetoric. Remember recently when the TSX issued a release regarding listed companies with assets in the USA?
"AMERICA’S CANNABIS INDUSTRY may be booming, but its entrepreneurs are finding the all-cash business a logistical, security and administrative headache as they try to manage all the money they’re making.
Legalised for medical purposes in 29 states and recreational use in eight, the drug remains illegal under federal law.
Most banks therefore refuse to have anything to do with the industry, forcing marijuana dispensaries across the country to operate only in cash, keeping bagfuls of dollars in their heavily guarded backrooms and employing discreet couriers."
TBH, if someone can come up with a viable alternative, and the industry had faith in it, they would be supplying something in great demand.
My only question is - Why this coin instead of other ones already established?
Forget bitcoin, it has name recognition but it's aging in technical terms, and unlike wine, tech does not get better with age, which is why BTC transaction fees are no longer competitive versus traditional banking. There are plenty of other coins though that provide superior anonymity for the purchaser, with lower transaction fees and faster payment confirmation.
I'd be intersted in hearing more, but there's so many ICOs these days it is prudent to be a little skeptical of newcomers.
MMJ Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held
