High Times Holding Corp, a marijuana culture media supplier, has renounced its decision made on August 3rd to accept cryptocurrency in exchange for purchasing their stocks. This would exclude Bitcoin from the company's initial public offering, as reported by the U.S. Securities and Exchange Commission, potentially discouraging investors from the legalized distribution of marijuana. In early August, High Times Holding explicitly stated in a press release that they would introduce alternatives to cash payments, such as Bitcoin and Ethereum. People could subscribe to the company's shares in cryptocurrency with no setbacks. What's more is that High Times approved of filing a Regulation A+ to help raise money for smaller businesses, up to $50 million within a year, just from the general public. High Times has erroneously stated that they were the first ever traditional stock offering to accept investments in digital currency, according to the most recent SEC file. It clearly points to High Times' stance on what kind of payments they will accept for subscriptions (i.e. credit card, wire transfer, paper checks, and ACH). As of now, Bitcoin is certainly out of the question. The document does not mention anything about Ethereum as a method of payment, unlike the original press release. Many people working in the cannabis industry view cryptocurrency as a countermeasure to banking bans. They want to get past the legal implications involved in forcing cash payments on their customers, as opposed to using credit or debit cards. The banks are unwilling to partake in the cannabis market because dealing drugs is still illegal at the federal level. The banks are forcing customers to use their pocket money for buying marijuana, which puts them at risk of attracting thieves since drugs can be expensive. Therefore, to create a safer environment around the cannabis industry's vendors, Alt Thirty-Six, another blockchain startup, has affiliated itself with the digital currency known as Dash. They are eager to integrate Dash as a primary method of payment for marijuana. Indeed, the sales system needs an overhaul to keep up with the people who prefer cashless alternatives. Dash founders claim that this would save merchants over 15% on the overhead costs alone.