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Author Topic: Uphill battle for legit cannabis producers - only crypto can help  (Read 82 times)
Seedify
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October 13, 2017, 04:04:27 AM
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Here's at article from this past July that illustrates the problems that legitimate businesses in the cannabis sector are facing-
https://beta.theglobeandmail.com/globe-investor/globe-wealth/cannabis-investing-despite-solid-growth-not-a-game-for-the-timid/article35810337/

"The industry faces a raft of stiff regulatory and financial hurdles even where it's operating legally. U.S. federal prohibition makes it hard to get normal banking services and impossible to ship products across state lines. Big investment banks, large private equity and venture capital funds and major U.S. stock exchanges have all steered clear, making liquidity and credit lines hard to come by."

Despite that fact that there have been several endeavors to address this problem using blockchain/cryptocurrency solutions, successful or not as coins for building investor wealth, the real benefits have not trickled down to the legit players in the industry. Their needs are not yet being met.
The need is for a complete blockchain/cryptocurrency ecosystem that is aimed specifically at legal and completely legitimate, yet under-banked and under-serviced businesses.
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October 13, 2017, 04:29:52 AM
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OP have you looked for the thread for Duber Technologies Inc? 

"düber Technologies Inc. Announces SAFT-based ICO to Transform the Cannabis Indus"

I've read their whitepaper looking to see what they would offer those investors that don't partake in the cannabis industry and they really don't other than coin growth. But I do believe that they would help with your situation for the unbanked/underbanked and the whole juxtaposition of state/federal laws that are out there currently.

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