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Cannabis and Crypto: Equal Beneficiaries In The Fight To Hit The Mainstream

Published 09/11/2018, 07:25 AM
Updated 09/11/2018, 07:41 AM
Cannabis and Crypto: Equal Beneficiaries In The Fight To Hit The Mainstream

Cryptocurrency caught mainstream attention when the industry’s total market cap hit $600 billion at the end of last year. The highly anticipated cannabis industry in the U.S. is similarly being pushed into the spotlight by a “green rush” of investors flooding Wall Street who expect the industry to be worth $75 billion by 2030.

Aside from attracting high volumes of bold new investors, the cannabis and cryptocurrency industries in the U.S. also share some major issues: both are high-risk, legally uncertain, and have government regulators breathing down their neck. The potential uses of cryptocurrency and blockchain align with the demands of the developing cannabis market, and through a coordinated effort the unexpected pair can propel themselves to legitimacy in the dynamic modern economy.

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