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Tag: marijuana

British Columbia Claims $1.4 million in Bitcoin From Marijuana Dealer

Category: Bitcoin, Crime, News, Regulation

British Columbia Claims $1.4 million in Bitcoin From Marijuana Dealer

Canada’s British Columbia government is laying claim to $1.4 million in bitcoin from a mail-order marijuana dealer it managed to seize many years ago. Cryptocurrency Claim Gives Legitimacy to Industry The Government claimed that the mail-order marijuana dealer was a vendor on the notorious Silk Road website. According to The Star Vancouver, a local Canadian news site, the Government’s allegations…

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Cryptocurrency for the Cannabis Industry Gains 20 Percent After Diplomatic Appearance

Category: Altcoins, Bitcoin, Blockchain, News

Cryptocurrency for the Cannabis Industry Gains 20 Percent After Diplomatic Appearance

Sportsman-turned diplomat and promoter of PotCoin, Dennis Rodman’s diplomatic breakthrough pushed the price of the digital currency after a political appearance. A Pot of Cannabis PotCoin aims to create a native cryptocurrency for the legalized marijuana industry and witnessed a price gain of more than 24 percent after Rodman’s appearance in Singapore at U.S. President Donald Trump’s meeting with the…

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2nd Annual Crypto Cannabis Conference Aims to Steam up Bitcoin Adoption

Category: Bitcoin, News

2nd Annual Crypto Cannabis Conference Aims to Steam up Bitcoin Adoption

The annual Crypto Cannabis Conference (CCC) is scheduled for the 21-22 October 2016. This year, the conference will be hosting the 2nd annual meeting where there will be several panels with well-known personalities from the cryptocurrency and medical marijuana industries. The conference will be hosted in Denver. The Crypto Cannabis Conference 2016 is bound to present the best minds in…

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An Alternative to Federal “Fire Hoops”; Security Firm Accepts Bitcoin from Cannabis Industry

Category: Business, News

An Alternative to Federal “Fire Hoops”; Security Firm Accepts Bitcoin from Cannabis Industry

Ever since the introduction of legal marijuana laws in several American states, the cannabis industry has been facing strong opposition from establishment banking institutions. Although cannabis is legal for medicinal purposes in 23 states and is legal for medicinal and recreational purposes in four states (Alaska, Oregon, Colorado and Washington) and the District of Colombia, it is still illegal under…

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US Banks Refuse Financial Services to Legal Marijuana Businesses

Category: Business, News, Regulation

US Banks Refuse Financial Services to Legal Marijuana Businesses

Established financial institutions and banks in the United States are refusing to offer services to legal marijuana businesses and merchants due to their fear of federal repercussion. According to Norris Monson, CEO of Oregon-based marijuana businesses, banks abruptly closed his bank accounts for cashing checks from vendors with names including cannabis-related terms. The restricted financial support for cannabis businesses is…

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