One of the biggest issues currently facing the cannabis industry is the lack of legal access to banking. Cannabis companies such as dispensaries are currently being creative with cash-only businesses or using cryptocurrency and blockchain technology, to skirt around current federal regulations which bar them from banking. However, if Canopy Growth’s CEO Bruce Linton is to be believed, that issue may be rectified as early as January of 2019, when according to him, canna-businesses will be able to begin to bank legally. Linton calls the unprecedented, upcoming move “a Christmas present,” to the cannabis industry.
Speaking to a handful of participants at a cannabis conference in Montego Bay, Jamaica two weeks ago, a jeans and T-shirt wearing, affable Linton expressed confidence that the banking issue would be worked out in the coming months.
Full Article / Source: www.forbes.com