Can Crypto Save the Cannabis Industry

February 25, 2023 | 1:20 pm | Room 1 | Finance

Despite being legal in a growing number of states for either medical or recreational use, cannabis is still illegal under federal law. This regulatory uncertainty has effectively locked the industry out of the traditional financial system.

On the crypto side, the overall market capitalization in January 2023 is about $1 trillion from $10 billion at the end of 2013. The days of crypto flying under the radar of national governments are long over, as heads of state are sanctioning protocols and formulating their strategy to launch their digital currencies.

Despite being on the fringe in the past, cannabis and crypto have become mainstream. Both industries are connected at the hip now more than ever. 

Crypto may not be the complete “answer” to all the problems in the cannabis industry. However, blockchain technology could help cannabis companies and investors access liquidity.

In this exciting presentation from CannaCrypto Network*, we will explore how these two powerful industries can work together to revolutionize both industries. 

*CannaCrypto Network is the leading community for cannabis and crypto investors to find solutions to their industry’s biggest challenges through education, resources, and networking

Alex Arriaga

Mr. Arriaga is a business owner, investment fund manager and real estate investor
who was born and raised in the island of Puerto Rico. He moved to the United Stated
and enrolled at Purdue University at the young age of 16 where he earned his
degrees in Engineering.
Mr. Arriaga has a broad range of business, entrepreneurial and investing experience,
including management of technical, marketing, sales and operational organizations
with multi-million dollar profit and loss responsibilities.
Mr. Arriaga spent the first years of his career directing international teams for IBM, a
top ranked national technology company specializing in international software
implementations. After working at IBM, he founded a business intelligence software
consulting firm working primarily in the Southeast United States which he later sold
in order to dedicate his career fully to real estate development, private lending and
business investing.
After his first couple of years of investing in different areas of residential and
commercial real estate and business, he moved onto develop multimillion-dollar
projects in the South East and West United States. Mr. Arriaga is an expert in the investment areas of residential real estate, land
development, commercial real estate, creative finance, raising capital, multifamily,
property management, international investment and private money lending. He has successfully invested in many markets in the US, Puerto Rico, Latin America and China. Mr. Arriaga has personally mentored investors across the US, Latin America, UK and
China in the business of real estate investing, business acquisitions, and private
lending.