" The sale of recreational marijuana is legal in some US states and other parts of the world. The main hurdle for online retailers of controversial industries is the lack of support from financial institutions."
The reason why many financial institutions don't accept Marijuana related clients is not because they don't want to its because they can't by law. In the USA, Marijuana is still illegal at a federal level. This is the same reason why you can't ship weed products in the post. State lines.
I have a client who's in the medical Marijuana industry so I have to deal with some issues relating to all of this.
Banks that don't cross state lines often do accept such customers (i.e credit unions).
Right. The current solution is to trust local services will continue to support your business's activities. That trust represents a risk that can be avoided by building on top of a decentralized infrastructure for payments and hosting.
The reason why many financial institutions don't accept Marijuana related clients is not because they don't want to its because they can't by law. In the USA, Marijuana is still illegal at a federal level. This is the same reason why you can't ship weed products in the post. State lines.
I have a client who's in the medical Marijuana industry so I have to deal with some issues relating to all of this.
Banks that don't cross state lines often do accept such customers (i.e credit unions).