Post
Topic
Board Economics
Banks in Canada slowly warming to cannabis biz - but crypto is the better answer
by
Seedify
on 07/10/2017, 21:48:13 UTC
Article in the Globe and Mail, a leading newspaper in Canada:
Canada’s marijuana industry banks on BMO and TD (https://beta.theglobeandmail.com/report-on-business/canadas-marijuana-industry-banks-on-bmo-and-td/article36504415/).
Seemingly upbeat article about how some banks are cautiously embracing the cannabis industry in Canada. But it is a slowwwwwww embrace, and they're being very selective. Like you'd expect banks to be. There is a long road ahead for legitimate businesses in this sector in the US and in Canada. There is a strong opportunity for the right blockchain-cryptocurrency solution to solve this problem.