Just saw this...scary...
http://www.nytimes.com/2014/01/12/us/banks-say-no-to-marijuana-money-legal-or-not.html?_r=0
I understand how the complex mess of law and regulation could lead to this, but what's the solution?
Duhh...
http://www.nytimes.com/2014/01/12/us/banks-say-no-to-marijuana-money-legal-or-not.html?_r=0
I understand how the complex mess of law and regulation could lead to this, but what's the solution?
Duhh...
Apparently they're already accepting Bitcoin in Colorado for this: http://www.cryptonews.biz/colorado-pot-shops-do-1-million-in-cash-or-bitcoin-on-first-day-of-business/
Bitcoin was made for things like this.
Well, yeah. I mean, if I was a federally regulated bank in Colorado and my regs prevented me from doing business with the LEGAL pot seller, I'd RECOMMEND he do bitcoin...
Hopefully more of these businesses or dispensaries will also see the positives of accepting and dealing in Bitcoin. I think this could be an industry where Bitcoin can really blossom and bloom.
