Marijuana

A Former Beauty Queen Raised $12M to ‘Revolutionize’ Cannabis. The Courts Can’t Find Her

Here's how a weed-smoking model raised millions of dollars with a 2017 token sale in California, then disappeared during an ongoing lawsuit.

Business  ·  19 August 2020

Marijuana-Focused Stablecoin Issuer Added to Arizona Fintech Sandbox

Arizona's fintech program has added a controversial startup using stablecoins to evade federal regulations

Policy & regulation  ·  31 July 2019
Regulation

Pipe Dreams: Bitcoin Won’t Solve Pot Industry’s Banking Problem

Cryptocurrency use could give U.S. Attorney General Jeff Sessions an excuse to crack down on state-legal pot firms, an industry lawyer warns.

Policy & regulation  ·  11 November 2017
Investments

Pot-Friendly Bitcoin Startup Raises $1.5 Million

POSaBIT, a Seattle-based digital currency payments startup with a focus on serving legal cannabis outlets, has raised $1.5m in funding.

Business  ·  29 June 2017
Regulation

Washington Lawmakers Are Trying to Keep Bitcoin Out of Pot Shops

A new bill filed in the Washington State Senate seeks to prohibit local marijuana businesses from using digital currency.

Policy & regulation  ·  19 January 2017
Marijuana

New Colorado Marijuana Vending Machines Will Accept Bitcoin

The first customer-facing marijuana vending machine to debut in the US will accept bitcoins as a form of payment.

Tech  ·  16 April 2014
Marijuana

Marijuana in Colorado Faces Same Legal Obstacles as Bitcoin

US Federal law has made banking institutions and credit card companies wary of handling marijuana purchases.

Markets  ·  21 January 2014
Regulation

Colorado Marijuana Dispensary Uses Bitcoin to Evade Federal Laws

Federal laws prohibit credit card payments, so all Colorado's marijuana must be purchased in cash – or bitcoin.

Policy & regulation  ·  12 January 2014