Cannabis Media Leader High Times Goes Back on Promise to Accept BTC

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Yuri Molchan
The global leader in “pot” news and culture refuses to accept BTC, changing its mind
Cannabis Media Leader High Times Goes Back on Promise to Accept BTC
Cover image via U.Today

Last week, High Times publicized its decision to support virtual coins, like BTC, ETH as part of its coming IPO where the startup plans to raise $50 mln.

Now, almost two weeks later, since the decision to accept crypto was announced, the company is going back on its word and called its announcement a mistake. High Times securities, reportedly, will only be sold for bank checks, credit cards or bank transfers.

When the company’s press release mentioned the refusal to accept BTC, nothing was said about Ethereum, however.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.