The combination of cannabis and cryptocurrency is a controversial subject in some quarters, but in places across the world, and more concisely, across certain North American states, it’s become a beautiful marriage. The quintessential cannabis culture magazine, High Times, announced its plans to enter the crypto industry with its new initial public offering (IPO).
As the Holy Grail publication of the cannabis world, High Times has been an innovator and main proponent of cannabis legalization and exposure in the US for over the past 40 years and is very excited to merge cannabis and cryptocurrency for a relationship where the sky’s the limit.
Promoting cannabis and cryptocurrency to the world
High Times has announced a monster partnership of cannabis and cryptocurrency with the launch of their IPO that will be the first regulated A+ stock offering that is accepting cryptocurrencies such as bitcoin and ether.
The popular monthly cannabis-related magazine was first launched in 1974 and has been at the forefront of cannabis legalization and counter-culture since its inception. The company has announced their intentions to release their IPO where people can invest by buying shares.
High Times CEO, Adam Levin, believes that the current rapid growth of crypto across the mainstream will drive a bigger audience to invest in the IPO: “High Times has been at the forefront of well-known culture for more than four decades. Now we’re taking another step into the future, not only among 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,” said Levin.
It is a very interesting venture to merge cannabis and cryptocurrency with a move by High Times that is the first ever US company to accept an array of cryptocurrencies for an IPO. This goes down as another in the long list of ‘firsts’ for cannabis, such as being the first ever material to be used in the sails of a ship and the pages of the first book ever found.
Buying shares in the High Times IPO
If you are interested in the combination of cannabis and cryptocurrency, you can now buy shares at USD 11 per share, with interest in the venture expected to be massive. The company’s strong online presence will help with the promotion of the IPO, and for some cannabis fans, it will be the purchase of a passion product they believe in.
High Times recently said that the magazine is an “important beacon in the legalization activism game.” As cannabis is legal or in the process of becoming legal across many states in the US, especially in a medical capacity, High Times has been trending much higher in mainstream markets in recent years.
The interesting thing about the move by High Times is the adoption of an IPO instead of the popular ICO projects we see in the crypto world. Levin commented on this issue by saying that “Cryptocurrencies have created a new investor base over the world-we’re just giving them more stable possibilities for investment. Beginning with our Reg. A+ crowdfunding, we’ve been focused on providing everyone from retail investors to long-time fans more ways to own a piece of High Times.”
The marriage between cannabis and cryptocurrency is only in its infancy but is a relationship we can expect to grow as the seeds are currently being planted by High Times and other market leaders.
I am very experienced writer/blogger who has been an active member of the cryptocurrency community for several years. I have experience writing for crypto news sites and proactively been involved in the startup of other ICO and crypto ventures over the course of the past four years.