CBD oil is being used by millions of people all around the world to help with medical conditions in a simpler and far safer way than other pharmaceuticals currently can. Despite this, numerous governments are still refusing to legalize CBD oil and make it available for purchase. To help combat this, No Borders Inc has implemented Coinbase Commerce to allow its users to checkout using a range of cryptos. It’s hoped that by paying in cryptos, more people will feel safer and more secure when purchasing CBD oil to help treat their conditions.
A Range of Products on Offer
No Borders Inc isn’t just selling its popular 100% natural, lab tested CBD oil for cryptos, it’s also selling its wide range of skincare products and pet products for cryptos. Currently, No Borders Inc is accepting BTC, BCH, ETH, LTC, and USDC through the Coinbase Commerce app, but as Coinbase adds more cryptos it’s likely that it too will start accepting more digital currencies.
Is Crypto and Cannabis a Match Made in Heaven?
Few banks are happy to accept profits made from the cannabis industry, and while CBD oil is drastically different, many banks are still refusing to touch any related cash. As the demand for CBD products ramps up, more and more payment merchants are refusing to onboard stores. This is where crypto steps in, as it removes the stigma associated with these products and allows stores to become their own banks. Potcoin led the way in becoming the first crypto designed specifically for the industry, but thanks to the rise of other payment merchants like Coinbase Commerce virtually every crypto can be used.
Cannabis Taxes Payable in Crypto
California is known as one of the most liberal states, and it has been welcoming of the cannabis industry for a number of years. In fact, it’s so forward-looking that Governors are looking to pass Assembly Bill 953 (AB-953), which would allow anyone licensed under the Medicinal and Adult-Use Cannabis Regulation and Safety Act (MAUCRSA) to pay their cannabis license tax using a stablecoin. Should the bill go ahead, we could see dispensaries in the state paying their corporate taxes in a range of USD stablecoins – a huge step forward for the cannabis industry.
CBD oil is helping millions of people alleviate pain and thanks to the crypto world it’s now easier to buy legally than ever before. Buying from reputable merchants is vital to ensure that the quality of the product remains high. Now No Borders Inc is accepting cryptos, users no longer have to worry about not being able to restock their personal supplies of precious CBD oil.
