California eyes crypto-payments for cannabis

Discussion in 'Crypto Assets' started by dealmaker, Apr 23, 2019.

  1. dealmaker

    dealmaker

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    California eyes crypto-payments for cannabis
    [​IMG]
    It’s been a rollercoaster ride for California dispensaries navigating numerous changes since legalization went into effect. One thing that hasn’t changed is the cash-only status of most cannabis shops that can’t accept electronic card payments because banks still refuse to do business with them. In a move befitting tech-saturated San Francisco, Assemblyman Phil Ting introduced a bill last month that would let pot shops at least pay their city and county taxes in cryptocurrency. (San Jose Inside)