Blazing Hot Businesses of Crypto and Cannabis and How They are Overcoming Online Advertising Obstacles

Crypto and cannabis companies both seem to be growing and many are treating the growth as a gold rush. However, one of the main issues is that the more companies saturate the market, the greater the competition is and with more competition, companies start turning to competitive acquisition techniques.

Online advertising has become an issue for both industries, which may stunt their growth. For instance, Facebook recently banned crypto-related advertising this year, claiming that “This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices,” claimed Rob Leathers, a tech director at Facebook. As for Google and Twitter, the moved more slowly in terms of banning crypto advertising. Their announcements came months after Facebook’s and especially after it followed through with its promise to revamp policies to include crypto and to allow users to purchase only specific types of crypto ads.

Like the crypto industry, the cannabis market has also faced similar struggles. Section 5 of Facebook’s policies indicates that cannabis advertising is prohibited content and as such, the platform will shut down cannabis-related pages too. Given that Facebook owns Instagram, it is likely that the platform will implement such a policy as well. One example is that Vice reported in 2016 that Instagram closed its two cannabis pages operated b Canadian companies.

At the end of the day though, both cannabis and crypto are industries that may stay. Accordingly, advertising companies are looking into other customer acquisition techniques that are not as scalable as programmatic buys but are sometimes just as effective.

One popular technique is to influence the market and while it is still a new approach, it is one that holds promise for both industries and their interest in experiencing the growth they need in today’s markets.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Will Emerge Stronger Out of the Ongoing Crisis: Congressman Tom Emmer

It is the fact that no one has centralized control over Bitcoin that makes it stand out in comparison to fiat currencies that are...

Coca-Cola to Utilize Baseline Protocol For Supply Chain Tracking with Exposure to DeFi

Coke One North America (CONA) has partnered with Provide and Unibright to streamline the supply chain of the largest coca-cola bottlers in the region...

USD-Pegged Cryptos & BTC Continue to Rise in Contradiction to the Falling US Dollar

The US dollar is not having a good start in the second half of 2020. The dollar index, which measures the greenback against a basket...

Coinbase Wallet Integrates Unstoppable Domains; Send Payments Via .Crypto Addresses

Coinbase Wallet, a service rendered by US based Coinbase crypto exchange is extending its support for Unstoppable Domains according to an announcement made by...

Mad Rush to BTC Coming Soon as Barstool Sports' Dave Portnoy Declares ‘I Want to Buy All the Bitcoins'

Dave Portnoy, the founder of Barstool Sports, has now turned his attention to Bitcoin as he said, "I want to buy all the bitcoins." Portnoy...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today