BitCanna (BCNA)

The global cannabis industry has long been limited by regulatory restrictions, but the legal market is growing rapidly as more governments legalize medical and recreational cannabis use. However, due to the industry’s “shady” image, many banks, credit card companies, and payment providers refuse to process transactions from cannabis businesses, even in regions where cannabis is fully legal. This results in inefficient and costly solutions like high bank fees and cash transactions, reinforcing the industry’s negative image.

To address this issue, BitCanna offers a decentralized payment network specifically for the legal cannabis industry through the BitCanna Coin (BCNA). BitCanna has already formed partnerships with key companies in the European cannabis market, creating the BitCanna Alliance. The Alliance collaborates with legislators to address regulatory challenges in the market. By implementing supply chain management and trust and reputation layers, BitCanna supports lawmakers in developing a transparent and regulated cannabis market.