The cannabis industry is no stranger to the cryptocurrency world. In states like the one i'm in (California) where marijuana is legal by state law - it's still banned by federal law.But because it's still illegal under federal law, banks won't touch the now multi-billion dollar cannabis industry. They've resorted to a variety of creative solutions, varying from holding mountains of cash in secure locations protected by armed guards, and of course - cryptocurrency.High Times is best known as a magazine about everything marijuana, but as the product becomes legal in more and more places they're out to take a larger role in the industry, and part of that plan is doing an IPO and becoming listed on the stock market.Which is why it wasn't a huge surprise a company like High Times would be the first to think of accepting cryptocurrency in their Initial Public Offering (IPO). Today they have retracted this previous announcement, saying:Personally, i'm not buying the "distributed in error" excuse - the press release that said they would accept cryptocurrency even included quotes from the CEO such as:It looks more like they simply just changed their mind. Not to mention, if a press release is sent in error, the correction doesn't come nearly two weeks later.While they offered no other reasons, Bitcoin was worth $7400 when they said they'd accept it, today (at time of publishing this article) it sits at $6211. To be fair, it's no surprise that volatility scared them away from using it as a source of funding.Of course the counter argument would be that when Bitcoin rises again - High Times may seriously regret this decision.