CryptoCurrency and Cannabis Banking in the US

Cannabis is now legally in over 29 states for medicinal purposes including 8 states for recreational adult use   across the United States. Voters in these states decided to end the Draconian War on Drugs, in order to reduce the harmful effects of incarceration rates and violence in the community. The ripple effect of Colorado and Washington State's historic vote to legalize cannabis proves that the people want cannabis legalization. The shift of public opinion over cannabis use is changing as more states will consider legalizing cannabis in the future. 

Despite the power of individual states rights of a legalized and regulated industry under the 10the amendment, federal prohibition remains as cannabis is still classified a schedule one drug under the DEA scheduling in the same category with more dangerous and addictive illicit substances, including heroin and cocaine. The federal government is still opposed to the cannabis industry under the recent comments from Attorney General Jeff Sessions. 

Therefore, banking remains problematic as under law banks cannot provide cannabis businesses, growers, cultivators, and dispensaries with bank  due to cannabis being federally illegal. We have to be more open to allowing cannabis businesses to use an alternative to banking: CryptoCurrency. 

Say goodbye to ATM fees in dispensaries that charges customers to withdraw cash from their bank account to purchase legal cannabis. Since CryptoCurrency is decentralized from banking institutions, there is no fees associated between the buyer and seller. Cannabis CryptoCurrency will be only used to purchase cannabis in retail stores. I think this is a logical alternative approach to banking for the cannabis industry deregulation away from the federal government due to their opposition against a legal industry. 

Let me know what you think about CryptoCurrency as a method to solve the banking issue in legalized states.