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Instant Insights / Cryptocurrency Moves into the Mainstream

Bitcoin and blockchain are no longer tech-nerd abstractions. Digital currency is becoming a significant part of doing business these days, as the law plays catch-up to regulate it. In this Instant Insights, we look at the impact that cryptocurrency is having on the legal marketplace and the practice of law.

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As most banks and credit unions continue to shun California’s marijuana industry, state lawmakers are looking at a new way to help cash-saddled cannabis businesses pay their taxes: cryptocurrency.

Cheryl Miller

Cheryl Miller, based in Sacramento, covers the state legislature and emerging industries, including autonomous vehicles and marijuana. She authors the weekly cannabis newsletter Higher Law. Contact her at cmiller@alm.com. On Twitter: @CapitalAccounts

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