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  1. Beenthere2Hippie
    You could almost say Veronica Carpio was born to sell cannabis. Aside from having a birthday on 4/20, the 38-year old Colorado native was also the first female dispensary owner in the state, ran a covert coffee shop appropriately called The Front, and now oversees the largest hemp seed exchange in the state while producing her own brand of hemp coffee.

    When I spoke with Carpio during a smoke break at the CryptoCannabis Conference in Denver last month, her passion for pot was palpable, but it was this very enthusiasm for ganja which had landed her in hot water in the past. In 2011, Carpio was arrested for brokering a $30,000 deal which would’ve sent ten pounds of pot from her dispensary out of state. The three-month undercover sting operation resulted in one felony charge and a year on probation, but for Carpio it was just the beginning of her cannabis woes.

    After she was raided and arrested, Carpio pivoted away from marijuana toward hemp, a type of cannabis with next to no THC content. In Colorado, hemp is legally defined as any cannabis plant with a THC concentration of less than .3 percent. Although hemp is not as strictly regulated by the Colorado government because the end product lacks a psychoactive component, this relaxed attitude doesn’t translate to federally regulated financial institutions operating in the state, a lesson that Carpio learned the hard way.

    It’s no secret that banks, credit card companies, and online payment apps like PayPal have no desire to work with businesses that traffic in legally nebulous goods (even though the Justice Department has . It moves everything back to local.”

    Although they weren’t ready to disclose numbers on how many hemp farmers have used 1620 Solutions to pursue Bitcoin as a financial solution, Hamm and Carpio says the response has been overwhelmingly positive. The main struggle remains educating the farmers about how bitcoin and blockchain technology actually works, and why it is a secure alternative payment solution.

    “Bitcoin is still really new to these people, but we're trying to show them that this is realistic,” said Carpio. “Bitcoin will absolutely work for them if they can just wrap their mind around how it works. It's just a huge learning curve.”



    By Daniel Oberhaus - Motherboard/Nov. 5, 2016
    http://motherboard.vice.com/en_uk/r...are-turning-to-bitcoin-for-their-banking-woes
    Photo: AP
    Newshawk Crew

    Attached Chrome pdf__________

    (*1) DAG Letter

    About Author

    Beenthere2Hippie
    BT2H is a retired news editor and writer from the NYC area who, for health reasons, retired to a southern US state early, and where BT2H continues to write and to post drug-related news to DF.

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