There is a major problem in the #cannabis industry in the United States where existing #businesses can not obtain loans or open bank accounts, because marijuana is still illegal under federal law.
One of the creative solutions was the #encrypted#currencies. #Encryption allows #marijuana companies to transform their system from being fully cash systems with risks and limitations.
Besides encrypted currencies, companies are also developing banking and commercial solutions for cannabis cannabis companies through Blockchain and other technology sources.
With #Bockchain#technology, the industry is expected to reach $ 2.3 billion by 2021 and #marijuana sales in North America will reach $ 24.5 billion by 2021.
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