How Blockchain Could Solve the Cannabis Industry’s Problems With Banking and Credit Card Processing

Blockchain could make compliant banking and credit card processing possible for the cannabis industry. Image credit: Andriy Onufriyenko | Getty Images Opinions expressed by Entrepreneur contributors are their own. There are three primary reasons the cannabis industry has so much trouble obtaining routine banking and credit card processing but it is all really the same reason -- fear. Card associations, banks and regulatory agencies worry they can not prevent what they fear most. The card associations fear illegal transactions. The banks fear money laundering and fraud. Regulatory agencies fear tax fraud. The “work arounds” the cannabis industry might consider [...]

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