US Berkeley: Using cryptocurrency to levy marijuana tax will promote the development of new industries

According to a California Daily report on September 16, Berkley City Council member Ben Bartlett became the first politician to buy marijuana using cryptocurrency during an event organized by the Blockchain Advocacy Coalition. The event is designed to draw attention to a marijuana-friendly bill, AB 953, which recommends that California accept marijuana taxes in cryptocurrencies. Bartlett said: “By providing a cashless way to collect cannabis taxes, the AB 953 Act can reduce the cost and security risks of cities and businesses. The Green Rush (referred to as marijuana) is a 21st century industry that should be in the 21st century. Its legislation. The use of stable currency to collect taxes will help the development of this new industry."