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Benzinga
Benzinga
Business
Joana Scopel

Can Cryptocurrency Help The Cannabis Industry Navigate Its Banking Problems?

Although medical and recreational marijuana is legal in many states across the country, cannabis remains illegal under federal law and the lack of federal regulation forces the industry to operate outside the traditional financial system.

Dispensaries and other cannabis companies without access to federal banks and credit card networks are forced to accept and maintain cash on hand, creating a dangerous situation for workers.

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