Topic: [ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions. - page 67. (Read 492677 times)

How is this even possible?


The Herbal Wellness Center is required to electronically report the financial details of ALL medical marijuana sales to the Arizona Department of Health Services immediately upon completing the transaction inside the dispensary.. (Presumably to keep track of dispensaries' income for tax purposes)


That leads me to that point.. The Herbal Wellness Center must also pay taxes to the State of Arizona, and the City of Phoenix as well. But geez those are far from the main concerns if the value of the transaction reported to the Arizona Department of Health Services is only 6 cents.....


The real question is; How in the fork is the Herbal Wellness Center going to turn a profit selling grams of medical marijuana for 6 cents???


I MUST be missing something!!


And when they say I can exchange 1 CANN for 1 gram of medical marijuana, does that imply ANY medical marijuana of any quality??? Cause HOLY COW, if that's REALLY the case then this is an AMAZING deal for patients! But surely any of you could understand my skepticism, right?



Thanks and lots of love!

Guide to Getting CannabisCoin to $1+

I love big ideas, it's one of the reasons I'm drawn to CannabisCoin. With that being said, if we want to shoot 'to the moon', each one of us individually need to start taking immediate action to develop and execute the plan. If you want a high value coin, help me provide high value.

1. If you find yourself saying "It would be great if we could.." be the catalyst. Make the contact and then post to the forum "I thought it would be great to do X, I did Y. Can I get some help doing Z".

2. Review the Cannabis[Suspicious link removed]gle Doc each day and CONTRIBUTE to it as you find new resources
https://docs.google.com/document/d/1eUhhvaOa0_Wk9CBE-vGBIfkwYBkzYxOuTDt6WySxTPI/edit#

3. Create a twitter account if you don't have one already.  If you say "I don't do twitter", I ask you to rethink that strategy from a marketing standpoint. I'm not asking you to tweet about your favorite celeb like a 12 year old tween, I'm asking you to please join us in marketing efforts.

4. Create a Facebook account. If you 'don't do Facebook', please see #3

5. Create a Reddit account

6. Start tweeting. If you don't know where to start, look at the list provided in #2.  You can do searches, find twitter accounts that would be sympathetic to our cause. If you find some good ones, add them to the Google doc.

7. Retweet great posts from @CannabisCoins

8. Do the same for Facebook and Reddit.

9. There was a great interview done on CoinTelegraph, share it with EVERYONE! It's also a great way to make introductions to traditional media outlets like Wired, Business Insider
http://cointelegraph.com/news/112748/cannabiscoin-officially-redeemable-for-1-gram-starting-october-20-interview-with-founder

9.5 While you're at it, go ahead and write a solid post supporting the article and respectfully reply to FUD:
http://cointelegraph.com/news/112748/cannabiscoin-officially-redeemable-for-1-gram-starting-october-20-interview-with-founder

10. In the Google Doc (#2), there's a listing of great local media. If you're not sure what to say, point them to the article and let them know a big event is happening on Oct 20th (quick summary)

11. Hit up Google for keywords like 'Cannabis' 'Marijuana' 'News Outs' etc..   email THOSE people, use the interview as an introduction

12. If you make a post about people you've contacted, make sure to add it to the Google Doc. If you noticed someone else posted a useful list of contacts, make sure YOU add it to the Google Doc.

13. Private message others in this thread that you feel are on the same page. Create your own mini campaigns.  "Hey x, I noticed you did y, maybe we could work together on x"

14. The celeb tweets for money was a great idea, anyone looking to lead that initiative?

15. Every time you are about to hit refresh on Bittrex or CoinMarketCap, consider using that time to do 1-14.

16. Help coordinate a grassroots project on how we're going to report:

- 24 hours before the event
- During the event
- After the event

Boots on the ground? Who is bring the cameras? How often are updates coming back to the community? etc


Don't wait for Snoop, don't wait for Nelson... that's a hail mary...make the contacts, do the work. If we want it bad enough, we'll let as many people know as possible. I personally don't trust we'll just end up on the moon, I believe in this community to do our part.  It's fun to talk about it, let's be about doing it.

Damadegyptian,



I also think it could be ideal for MMJ shops outside of Arizona (particularly California!!), but my concern is specifically related to Arizona Dispensaries.


The Arizona Department of Health Services Medical Marijuana Regulations have requirements for accounting principals that dispensaries must follow, amongst other requirements. The regulations aren't clear as to whether an Arizona dispensary CAN accept Cannabis Coin and then exchange it for USD.


Remember, Arizona dispensaries are also required to pay TAXES to the State of Arizona in addition to any taxes implemented by the county and city.


Dispensaries are also required to track and report each and every transaction with every patient to the AZDHS, including what strain the person bought, how much marijuana was purchased, and how much money was exchanged. (So that the State can electronically keep track of how much marijuana you buy, so that you can't possibly buy more than 2 1/2 Ounces every 14 days) So the idea of an Arizona Dispensary holding on to their Cannabis Coins would likely not be possible as the Dispensary is required to report the value at the time of the electronic transaction inside the dispensary.


Arizona Department of Health Services Medical Marijuana Regulations: http://azsos.gov/public_services/Title_09/9-17.htm


The fundamental problem is that Arizona's Medical Marijuana regulations we're written by an agency that didn't want medical marijuana in the first place. The Arizona Department of Health Services actually lobbied AGAINST the Arizona Medical Marijuana Act prior to it's passage. And let me remind you all that the Arizona Medical Marijuana Act was approved by a vote of 50.2% of Arizonans. No, that isn't a typo. The regulations were NOT written for the patients' best interest. It is generally accepted in the Arizona medical marijuana industry that our medical marijuana is awful.


Also, I wanted to know is there an incentive for an independent dealer to accept only Cannabis Coin and not just accept ANY form of crypto-currency like Bitcoin AND Cannabis Coin? (Or whatever coin the person happens to have for that matter)


Thanks and lots of love to you all!

The wallet I sent it to was an exchange wallet so I dont have the private key. Am I boned?

@az420 - good try manipulating the text :    3) The United States government recently changed certain regulations to categorize Bitcoins and other forms of digital currency as a form of legally recognized currency in the United States that IS subject to US forfeiture and money laundering laws.

The proper one must be :  

In some environments, virtual currency operates like “real” currency -- i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance -- but it does not have legal tender status in any jurisdiction.

The notice provides that virtual currency is treated as property for U.S. federal tax purposes.  General tax principles that apply to property transactions apply to transactions using virtual currency


 

source : http://www.irs.gov/uac/Newsroom/IRS-Virtual-Currency-Guidance

Thats great! I was actually talking about getting Cannabiscoin into Dutch Coffee Shops. I'm currently in Belgium so maybe I can take the drive up there and get some people interested!

the dutch already here , hello