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.

As of January 2018, there were five encrypted currencies created to facilitate transactions. #PotCoin (POT), #CannabisCoin (COIN), #DopeCoin (DOPE), #HempCoin (THC), #CannaCoin (CCN).

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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