The nascent legal cannabis industry is characterized by rapid growth, the absence of incumbent infrastructure, and a complex regulatory environment. It is a perfect example of an underserved market begging for a blockchain solution. Quite a few altcoins have been created and proposed to fill this need. Yet none have been able to gain significant traction, despite extensive marketing campaigns and celebrity sponsorships.
While the industry appears to have dismissed the viability of alternative blockchains, a handful of companies have had some success offering services based on the Bitcoin protocol. One such company is 1620Solutions.com. In conjunction with Grow Hemp Colorado, they spoke at the 2017 Crypto-Cannabis Conference about their bitcoin-based payment options for the hemp sector. […]
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