California city councilmember becomes the first elected official to buy cannabis with cryptocurrency

Berkeley City Councilmember Ben Bartlett became the first elected official to purchase cannabis with cryptocurrency at a demonstration facilitated by the Blockchain Advocacy Coalition on Tuesday, reports The Daily Californian. The purchase was made at Emeryville dispensary Ohana Cannabis Co. during a live presentation of cryptocurrency financial technology produced by Cred, a cryptocurrency financial platform. The event brought awareness to AB 953, a bill sponsored by the Blockchain Advocacy Coalition, which, If passed, would enable the state to accept cannabis tax remittance via stablecoins. Ohana Cannabis Co. accepted Bitcoin Cash ($BCH) using Cred’s LBA token as a translation utility token.