The President of FTX US shows how cryptocurrency might benefit marijuana businesses.

Marijuana-Related Businesses’ (MRB) financial concerns are real. Currently, 34 states in the United States allow recreational or medical cannabis use. The MRB market is believed to be worth $16 billion, despite the fact that possession and distribution are still prohibited. By 2027, this figure is predicted to reach $57 billion.

Despite this, barely 30% of MRBs hold a bank account. According to FTX US president Brett Harrison, the majority of firms are functionally underbanked, and crypto may bail them out.

State legalization of cannabis is an effective tool for generating tax revenue, and when paired with pardon programs an create new economic opportunities for those who have been disproportionately disadvantaged by drug sentencing laws.”