Less than two weeks after marijuana was legalized in Canada, citizens of the country began being denied entry into the United States due to the legal use of cannabis. Canadians became concerned that the United States' borders would be closed to them.
The question of marijuana use has now become mandatory for Canadian tourists when crossing the US border. Many lie, fearing that they will be “banned” forever, but they forget that, according to Global News, US border agents can view the credit card transactions of a foreign citizen crossing the border. This means they can see any cannabis purchase paid for with a credit card.
The situation has so outraged Canadians that it has forced the government to officially "advise" that people buy legal marijuana with cash to protect their privacy.
The Privacy Commissioner released a "guidance document" Wednesday explaining why Canadians will feel more comfortable using cash when buying "weed."
But the document is silent about another, perhaps the most profitable and safest way to purchase cannabis, which provides a sufficient degree of confidentiality when crossing the border. We are talking about cryptocurrency as an alternative method of paying for marijuana. With 4.8 million Canadians officially owning crypto assets, the merger of the two markets promises to be quite successful and profitable.
Cryptocurrency opportunities fit perfectly with the needs of the growing legalized drug market. Moreover, examples of such cooperation already exist.
One of the most famous marijuana cryptocurrency PotCoin was created in 2014 to help cannabis sellers. HempCoin is also a well-known cryptocurrency created in 2014, but it focuses on exchanges between growers and medical cannabis stores. Along with PotCoin, HempCoin is accepted as a payment method on Stembis.com, a Canadian online marijuana marketplace.
Medical marijuana producers are already looking at Bitcoin mining to reduce the cost of heating greenhouses with plants.
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