Bitcoin Offers the Cannabis Industry an Alternative to Banks

The cannabis industry may offer clues to the future of bitcoin.

Although medical use marijuana is now legal in more than half the states and recreational use is in some others, the drug is still illegal on the federal level. As a result, most major banks shun the marijuana business.

The cannabis industry, projected to grow to $50 billion from $6 billion by 2026, has long been in need of a financial solution.

Many in the industry are hanging their hopes on cryptocurrencies.

– Read the entire article at CNBC News.