Some Cannabis, Hemp Farmers and Businesses Turning to Bitcoin for Commerce

By Timothy Sohn Nov 7, 2016 7:39 PM EST

( – In an effort to find better ways to bank within the marijuana industry, the woman who oversees Colorado’s largest hemp seed exchange has turned to Bitcoin as a viable option and has set up a new exchange for farmers and producers that utilizes the alternative currency. Veronica Carpio, who was among the first dispensary owners in Colorado and who now heads Grow Hemp Colorado, turned to Bitcoin to handle her company’s finances after PayPal froze her business account for the hemp seed exchange, according to a Vice News report.

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