How Trump's Election Could Revolutionize Cannabis And Cryptocurrency, CEO Says

President-elect Donald Trump's White House win has sparked wildly divergent reactions. While many have expressed despair or even fear, there are those who see opportunities, particularly within the cannabis and cryptocurrency industries.

Among those who see dollar signs ahead is Ronald Strauss, CEO of GetTangi Corporation — a company that creates payment processing solutions for higher-risk industries and products such as cannabis. The company seeks to eliminate cash from the purchase of legal marijuana transactions through its digital currency, the Tangi token, which is in development at the moment.

“The lack of a complete digital payment solution is the most significant barrier confronting the legal cannabis sector,” points out GetTangi on its website. Companies like Visa V, MasterCard MA and other major payment processors continue to refuse to provide service to the marijuana industry.

Strauss shared his optimism on LinkedIn, calling Trump's election "transformative" for the cryptocurrency industry due to his "pro-business stance,” focus on financial independence and commitment to decentralization as key factors likely to empower industries like crypto and cannabis.  

Read Also: Trump And Coinbase CEO Brian Armstrong Reportedly In Talks Over Cabinet Appointments

Former Trump Advisor And Former Irish Prime Minister

Adding cachet and credibility to GetTangi's ambitions is its high-profile team, noted the Irish Times, which first reported this story. The company's board includes Zachary Fuentes, political advisor and former deputy chief of staff in Trump's first administration (2017-2021).

Another notable figure is Ireland's former Taoiseach (Prime Minister) Brian Cowen (2008-2011) a trained lawyer who joined GetTangi's advisory board in 2019. Cowen's involvement, pointed out the Irish Times, was interrupted by a debilitating stroke, followed by a long recovery.

Now, as the company prepares to launch its own cryptocurrency, Cowen is expected to play a critical role in navigating complex legal landscapes as the company moves closer to introducing the Tangi token. Cowen “also knows his way to the White House,” noted the outlet.

For cannabis entrepreneurs, this fusion of digital innovation and political access could be a game-changer. GetTangi is positioning itself as a leader at the intersection of cannabis and cryptocurrency, a potential sign of wider industry shifts such as paving the way for the adoption of cryptocurrency into mainstream markets, predicts the Irish Times.

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