High Times Now Accepting Bitcoin (BTC) and Ethereum (ETH) for its IPO

High Times IPO is accepting Bitcoin and Ethereum

The infamous cannabis brand High Times is going public soon, and the company just announced that the High Times IPO is accepting Bitcoin and Ethereum, making it the first-ever stock offering that will accept cryptocurrencies.

High Times IPO is Accepting Bitcoin and Ethereum

The company's current equity-crowdfunding process has already begun accepting the digital currencies. This crowdfunding is currently under regulation A+. 

CEO of High Times, Adam Levin, commented on the addition of cryptocurrencies and said:

"High Times has been at the forefront of popular culture for more than four decades. Now we're taking another step into the future, 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."

For the most part, the crypto 'fad' has definitely faded compared to this time last year, but it seems the publication wants to stay ahead of its competition and invite in a whole new group of investors. There are many other well-known marijuana publications, but High Times has become a staple in the industry. 

According to its website, "High Times has been the preeminent source for cannabis information since 1974."

It's no surprise that the company has decided to go public, as marijuana legalization is sprouting up across the globe.

Cannabis Industry Growing Rapidly

On October 17th, Canada will become the second nation in the world to nationally legalize recreational cannabis use. The United States is also rapidly growing in the industry as many states are reviewing the industry and seeing how it could bring in revenue.

Many states within the US already allow medicinal cannabis, but the real revenue is the national and state taxes on recreational cannabis. It will be interesting to see what happens in the US when marijuana becomes legal in Canada. 

Do you think High Times will do well on the stock market with the marijuana industry's growth?

>> High Hampton Holdings Acquires Edible Maker in $8.1 Million Deal

Featured Image: Depositphotos/© kaprikM

If You Liked This Article Click To Share