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1620 Solutions Creates Bitcoin Awareness Among Cannabis Growers

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Submitted by Marijuana News on Tue, 11/08/2016 - 08:45

1620 Solutions, an initiative by Veronica Carpio and Edgar Hemm in Colorado educates hemp and Cannabis farmers about Bitcoin and its advantages.

Marijuana and other Cannabis based products may be legal in some states in the United States, but doing a Cannabis related business is not an easy task for many people. Even though the US Justice Department has clearly mentioned that it has no issues with financial institutions serving those involved in the newly legalized industry sector, the banks and payments platforms prefer to have it their own way. With many Cannabis producers having their bank and PayPal accounts frozen, Bitcoin has emerged as a viable solution.

Being a decentralized currency, Bitcoin users doesn’t require the involvement of any financial institution to conduct transactions or store value. Many hemp and Cannabis farmers have already started integrating Bitcoin support to their businesses. However, the slow rate of adoption and misunderstandings...

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