Weed's Biggest Wedding Announcement Just Happened And Cryptocurrency Is The Bride
In 1974, the first edition of monthly magazine High Times featured an article headlined “Marijuana: Wonder Drug.” Forty-two years later, an article in cannabis publication Herb asked, “Is Cannabis The New Wonder Drug?” The authoritative publication is forward-looking once again by announcing the first-ever initial public offering that can be funded by cryptocurrency in addition to fiat currency. High Times is using a handy law called Regulation A+ crowdfunding, designated to allow small companies like the media brand to crowdsource $50 million in a public offering from everyone including non-accredited, everyday investors. If you’ve got $11 or some Bitcoin, you’re in. The bold move may be a lasting one, as this veteran cannabis icon is reaching out to embrace the latest in technology and finance in a way that may reverberate across both industries. The decision to accept cryptocurrency was a strategic one intended to demonstrate inclusiveness. Adam Levin, Chief Executive Officer of High Times, said the brand is on an organizational mission to be “at the forefront of popular culture… not only as one of the first cannabis-related brands to go public on the Nasdaq but also as the first to allow Bitcoin and Ethereum as part of our public capital raise.”
