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In todays episode of Crypto riot David Hay reviews the cryptocurrency potcoin.
The legal marijuana industry is booming in states like California and Nevada but it’s not all smooth sailing.
The federal government has refused to leaglized marijuana and now this billion dollar industry is struggling to find payment solutions.
The biggest problem legal marijuana distributors face is how to accept payment. Banks fall under federal regulations and the FBI has used their powers to raid and seize assets from legitimate businesses needlessly spreading fear and doubt throughout the industry.
Potcoin aims to solve these problems by providing a decentralized payment system that will circumnavigate the limitations placed on regular banks and financial institutions.
It is also important to note that Potcoin is not the only digital currency available for the cannabis industry. Dopecoin and Kushcoin are two alternatives.