The Cannabis Pragmatist — Bitcoin, Cannabis, and Liberty | Volume 2 Edition 2
Bitcoin and cannabis share a common core value: liberty. As Bitcoin continues to gain traction and success, the cannabis industry must adopt Bitcoin as an essential element for business. This integration will attract new investors, align consumers, and provide financial security, while also reaffirming the core values of life, liberty, and the pursuit of happiness to the industry at large.
The adage “Bitcoin doesn’t need politicians; politicians need Bitcoin” can be adapted to “Bitcoin doesn’t need the cannabis industry; the cannabis industry needs Bitcoin.” The cannabis sector stands to benefit significantly from shifting to a Bitcoin strategy known as the “Saylor Strategy” which converts operational cash flows and structured leverage, such as bonds and convertible notes, to Bitcoin for the balance sheet.
With waning interest in cannabis investments, it is time for the industry to leverage Bitcoin’s meteoric rise. Both Bitcoin and cannabis are deeply rooted in the pursuit of life and liberty. Cannabis has historically been marginalized due to its threat to the pharmaceutical industry’s financial interests. Pharmaceutical executives and board members have lobbied for stringent laws, resulting in the imprisonment of American citizens, family separations, and the marginalization of underprivileged communities. However, truth cannot be hidden forever and the truth about cannabis as a medicinal alternative to harmful pharmaceuticals led to its legalization. The right to choose the medicines for our bodies is an inalienable right and the fight for cannabis has always been a fight for liberty.
Similarly, Bitcoin represents a fight for financial liberty. It has been marginalized because it threatens central bankers’ ability to impose hidden taxes and fund unpopular policies and wars. With Bitcoin’s market cap reaching $1.5 trillion, Bitcoin ETFs becoming the most successful Wall Street ETF product, and RFK JR as well as President Donald Trump proposing a Bitcoin Reserve Treasury for the US, the shift from the US dollar to Bitcoin is both inevitable and unstoppable. The fight for financial liberty is winning.
Game theory suggests that nation states such as China, Russia, Saudi Arabia, India, and Iran will not sit idly by while the US controls the Bitcoin supply. Similarly, states and local municipalities, as well as public and private companies, will not allow their cash reserves to devalue. This moment is inevitable. Bitcoin doesn’t need cannabis; cannabis needs Bitcoin. The time for cannabis companies to transition to Bitcoin is now. The incentives align, and poetically, the values of life, liberty, and the pursuit of happiness do too.
The Cannabis Pragmatist: Stay Humble and Stack Sats.
