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Report Predicts Boom in Bitcoin Adoption by Marijuana Dispensaries

Submitted by Marijuana News on Mon, 04/20/2015 - 08:00

The usage of Bitcoin ATMs and vending machines could increase among marijuana dispensaries, predicts Green Rush Review.

 

In its recent promotional press release, the medical marijuana news website blamed the absence of proper banking infrastructure as one of the major reasons why cannabis businesses would move towards other bankable options such as Bitcoin. It said:

“Marijuana businesses are unable to open checking accounts or accept credit cards. They are left without secure options, and are forced into dealing only with large amounts of cash — risking their safety and raising employee payroll and tax issues. Thus, dealing in bitcoins may wind up being the better and more secure alternative.”

To solidify its claims, Green Rush Review presented some recent events that involved companies setting up Bitcoin kiosks near the medical marijuana dispensaries in Seattle, Michigan and Colorado...

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URL: 
http://www.newsbtc.com/2015/04/17/report-predicts-boom-in-bitcoin-adoption-by-marijuana-dispensaries/

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