Shunned by banks, legal weed retailers are turning to Bitcoin

“In the midst of a wave of marijuana legalization across the United States, you can finally use bitcoin to legally buy weed.  Kouchlock Productions, a medical marijuana dispensary in Spokane, Wash., that opened earlier this week, is already selling the drug using bitcoins, reports Coindesk.  Medical marijuana has been legal in Washington since 1998, but buyers have been limited primarily to cash purchases due to credit card companies and banks reluctance to process payments for drugs that are still illegal under federal law. That’s where Bitcoin, which suffers little or no legal oversight, shines.”

http://www.dailydot.com/business/shunned-banks-legal-weed-retailers-bitcoin/

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