SinglePoint’s (SING) Bitcoin Solution Could Solve Cannabis Industry’s Banking Problems
As the marijuana industry continues its brisk forward march — with cannabis now legalized in some form in 29 states as well as the District of Columbia — cannabis dispensaries and other businesses are still faced with the challenge of having no banking options currently available to them, which forces them to conduct cash transactions only. These merchants are clamoring for a solution that has, as yet, been elusive, but SinglePoint, Inc. (OTC: SING) may finally have the answer: bitcoin. The use of bitcoin, a digital currency, enables financial transactions to be completed independent of banks and free of government…