Brett King hosts Breaking Banks with Jason Henrichs, Penny Crosman and Jessica VerSteeg to talk about blockchain, cryptocurrency and the cannabis industry.

The financial issues of the burgeoning marijuana industry highlight some very important problems for a lot of small businesses in the United States. First, it’s cash-heavy, which makes it vulnerable. Second, the clash of laws and regulations makes it difficult for banks to service them. And third, it’s costly for them to verify their source of product.

One solution to many of these issues could be the blockchain, which offers a cheap solution to verifying source, and provides a payment system that can eliminate an overreliance on cash.

This week, I host the show with Jason Henrichs (host of the Fintech5 podcast), Penny Crosman (editor at large for American Banker) and Jessica Versteeg (CEO of Paragon and ParagonCoin), a cannabis blockchain and cryptocurrency aimed at solving some of the issues as the cannabis industry grows.

You can listen to more episodes of Breaking Banks and other fintech shows on the BankNXT podcast page. Enjoy!

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– This podcast is reproduced with kind permission. Some minor changes may have been made to the text to reflect BankNXT style considerations, but the podcast itself is always unchanged. Listen to more here. Image by Sinisa Botas, Shutterstock.com

About the author

Brett King

Brett King is a four times bestselling author, a renowned futurist and keynote speaker, the host of the Breaking Banks radio show/podcast and the founder/CEO of Moven. His latest book 'Breaking Banks' debuted in the top 3 on Amazon's Bestseller's list in the US, France, Canada, Germany and Australia. 'Bank 3.0', his previous book, was released in 8 languages and ranked as a finance bestseller in 19 countries.

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