The New Cannabis Crowdfunding Idea
In the cereal box, there are directions and a mail-back envelope. All you have to do is provide your idea and send the container back, and you are now a potential winner. Fast forward to the present day, your idea submissions are electronic, and end-users have the choice to directly support your idea.
Crowdsourcing, a term developed by Jeff Howe and Mark Robinson, editors at Wired, came into effect in 2005, where they explained how companies and institutions can now use the internet to outsource work. With the rise of social media, cousin Crowdfunding; has seen tremendous market growth over the last decade, heading towards $100B by the year 2023, according to Businesswire, a Berkshire Hathaway company. The industry shares a mellow history within society, much like cannabis.
What would happen if the federal government endorsed cannabis banking by merely allowing the cash flow?
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