Find a problem, invest in the right company that solves that major problem, and you will have unlocked the formula for generating life-changing wealth.
One such industry with a big problem just begging to be fixed is the United States legal cannabis industry. Since cannabis is still federally illegal, companies can’t access traditional banking services, and dispensaries are forced to be cash-only businesses.
That makes them prime targets for robberies – especially considering the fact that these dispensaries are surging with cash. Consumers spent $25 billion on legal cannabis last year, and they’re on track to spend 32% more in 2022.
Being cash-only businesses also creates barriers for consumers who want to purchase their pot legally, forcing them to deal with ATM fees and withdrawal limits, among other issues.
Enter PotCoin (POT) – a cryptocurrency that’s supposed to help solve the cash-only problem by allowing users to pay for cannabis in dispensaries with its own token.
The idea is that with PotCoin, customers wouldn’t have to fiddle with finding an ATM, being charged extra fees, or being limited to whatever cash they have on hand. That could lead to increased sales for dispensaries, which also wouldn’t have to worry so much about overflowing cash registers that make them especially vulnerable.
The convergence of the booming cannabis sector with the red-hot cryptocurrency market seems like a win on paper.
But is PotCoin’s idea big enough to make you any real money?
American Institute for Crypto Investors Advisory Board member Daniel Brody has extensive experience in the cannabis industry, so he asked Chief Crypto Strategist Nick Black that very question.
Here’s How to Find the Cryptocurrencies That Can Really Make You Money
PotCoin is one of those projects that makes sense on the surface. But we teach you to look beyond the surface level to find the cryptos with true moneymaking potential.
And when you ask yourself, “Why token?” – the fifth criteria in Nick’s Five Ts of Crypto Investing framework – you’ll realize that a cryptocurrency like PotCoin is unnecessary.
There just isn’t a need for a specific coin dedicated to the cannabis industry.
Eventually, dispensaries will be allowed to accept credit cards, and even after that, they could eventually accept Bitcoin (BTC), Ethereum (ETH), or other cryptocurrencies that have a broad use case – not just ones with the word “Pot” at the front of its name.
Instead, your most promising profit opportunities will be in the cryptos that have staying power – like this leading smart contract crypto that’s already been vetted by our experts, who are projecting 5,044% gains within five years for investors who act now.
While PotCoin might not be a “buy,” we want to wish everyone a safe and happy 4/20.
Until next time,
The American Institute for Crypto Investors Research Team