Yep, the trouble is that this is still a legal grey area: state legal, federally illegal.
What would a marijuana dispensary do if they got robbed for their cash? Only really committed stoners would get a medical dispensation to buy when it was medical marijuana. Now, just being over 21 qualifys, and that's someone from any state, and I'm guessing foreign tourists too (the average skier might well be interested, definitely the snowboarders...). They can expect alot more business, and therefore alot more money. And alot more local drug dealers that will have to look for a new income...
And so any other legitimate business, especially ones operating in a somewhat legal grey area themselves, like Bitpay, will do themselves a favour to let the dust settle around this issue before they start becoming at all involved.
At least the dispensaries can publicly demonstrate a useful bitcoin innovation, as you can take cash style BTC payments at the dispensary, but keep the access to the "register" completely off-site. That will help spread a little more understanding of what the system is capable of.
Topic: [2014-01-14] BitPay Not Willing to Work with Marijuana Dispensaries - page 2. (Read 2497 times)
January 14, 2014, 12:29:14 PM
January 14, 2014, 11:33:04 AM
MJ is "totally legal" in Washington. And there is no stigma among the many banks lending money to dispensaries. It does not make sense to me that a payment network is making my moral choices for me.
Having said that, I have much respect for Tony.
Having said that, I have much respect for Tony.
January 14, 2014, 10:36:29 AM
Bars sell drugs. Why do they take drug money if it's alcohol?
January 14, 2014, 09:25:10 AM
BitPay Not Willing to Work with Marijuana Dispensaries
http://kculshare.com/2014/01/bitpay-not-willing-to-work-with-marijuana-dispensaries/
http://kculshare.com/2014/01/bitpay-not-willing-to-work-with-marijuana-dispensaries/
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