Bitcoin And Cannabis Become A Source Of Revenue For Blockchain Investors

Bitcoin and cannabis could become a potential revenue stream for blockchain investors since the broad blockchain adoption is taking longer than expected. The coming altcoin news shows that the slow recovery of the entire crypto industry is forcing the investors to find alternative sources of extra money.

The popular Hong-Kong blockchain investor Grandshores Technology is one of the investors who want to turn to bitcoin and cannabis in order to expand his portfolio. He made a 40 percent investment in Hangzhou Yupu since it is expected for the demand for cannabis to grow as more countries decide to legalize the recreational use. The firm also raised $12.5 million to back the Chinese yen-pegged stablecoin. The industrial hemp is the only type of cannabis in China and it is only found in Yunnan and Heilongjiang.

For medicinal use, the industrial hemp has the right components to reach a certain product as the Cannabidiol which is extracted and used only for industrial purposes. China has a great competition with the United States on whom to control the larger part of the economic trade and the growth in bitcoin and cannabis industry could become another key aspect of the trade.

China is a conservative country with the government controlling the use of marijuana since it is highly prohibited. The dilemma for the government comes because of the economic impact the bitcoin and cannabis can have for the country. By cultivating and selling cannabis many jobs have opened in the United States for example which serves a good example of how to generate billions of dollars. Also, with the western influence, the recreational use of cannabis could eventually increase in the region.

As reported in the latest cryptocurrency news, the growing popularity of bitcoin and cannabis shows that some changes have to be done on the market worldwide. Creating a legalized system for both industries will possibly result positively and could even provide Asia an economic lead in the region. China has to follow strict laws in order to prevent the cannabis wave coming from the west but they have to think about the benefits both of the industries have to provide.