First of all, THANK YOU to the Cannabis Coin team!
Please let me preface my comment by saying that I'm a seriously ill medical marijuana patient who is intrigued by the overall potential good that the Cannabis Coin can represent, but I am NOT super knowledgeable when it comes to crypto-currency in general. My specialty is Medical Marijuana.
With that being said....
Cannabis Coins sound like a really cool idea in theory, but at the moment it's seems like nothing more than a glorified sales promotion from a medical marijuana dispensary... Unless I'm completely mistaken.. (Please correct me if I'm wrong!)
Based on what I've read and seen, I've concluded that;
1) DeltaNine is the founder/creator of Cannabis Coin.
2) "Cannabis Coin" has a Youtube video entitled "Phoenix Facility 10/10" (video taken by DeltaNine) of a Medical Marijuana Dispensary Cultivation Facility that has yet to be inspected (presumably, Herbal Wellness Center in Phoenix)
3) "Herbal Wellness Center" appears to be the ONLY dispensary in the United States that accepts Cannabis Coin for payment of medical marijuana.
4) The fact that DeltaNine had access to the Herbal Wellness Center's Cultivation Facility prior to it being inspected by AZDHS, combined with the fact that "Herbal Wellness Center" is the ONLY dispensary in the United States to accept Cannabis Coin, strongly suggests that DeltaNine is either a part owner of "Herbal Wellness Center" or at least has an existing business relationship with it's registered owner, Long Nguyen. (Arizona law requires that the address of a Licensed Medical Marijuana Cultivation Facility may not be released to the public, and so DeltaNine simply could not have had access to film this Cultivation Facility on 10/10 unless he was an employee of the dispensary or at least personal friends with the owner.)
5) If I mine or buy any Cannabis Coin, I can only spend them at one dispensary, which appears to be owned by or directly associated with the very same people who made the Cannabis Coin.
In a nutshell, this is a really cool idea but it just doesn't seem legitimate until a majority of the dispensaries are willing to accept the Cannabis Coin as payment for medicine. Until that time, it appears to be just a clever promotion by a dispensary to generate revenue.
With all that being said, I would say that the POTENTIAL for the Cannabis Coin is enormous! If more and more dispensaries decide to accept Cannabis Coin, this will become a legitimate option for patients.
No disrespect intended to anyone and lots of love to you all!
1) True!
2) That facility passed state inspection!
3) HWC is the first. Other dispenseries will follow suit.
4) I believe that was the CANNdy facility, not the HWC facility.
5) see my answer on 3.
HWC is just the first dispensery.
No need to doubt D9. He knows what he's doing!
CANN will expand to more dispenseries. HWC is only the beginning!
Kind Sir,
Shame on you for implying that I'm a "hater" for simply speaking up about what I observed. I spoke nothing but the truth, including when I said that Cannabis Coin
does have the potential to become legitimate in the future, but only if it becomes universally accepted by a
MAJORITY of dispensaries.
First of all, Arizona DHS regulations only allow an entity/person to receive a
Medical Marijuana Dispensary License. Unlike other states, Arizona does NOT distribute separate licenses for dispensaries, cultivation facilities, and infusion facilities. A Licensed Dispensary MAY choose to open 1 addition Cultivation/Infusion Facility, but it is done so under the umbrella of the same Dispensary License.
So to say that the
"Phoenix Facility" is actually the
"CANNdy Facility" and NOT Herbal Wellness Center's Cultivation/Infusion Facility, would suggest that DeltaNine has a 2nd dispensary license of his own that is separate from that of the Herbal Wellness Center. However, that would first raise the question of
"If he has a dispensary license of his own, why would HIS dispensary not accept the Cannabis Coin as well?" And of course the entire notion would be disputed by numerous facts including the pictures that DeltaNine has posted of himself in the dispensary, wearing HWC clothing, his speaking of the quality of the cultivation facility, etc.
My overall points are really super simple and quite factual;
DeltaNine, who created the Cannabis Coin, clearly owns the Herbal Wellness Center.
The Herbal Wellness Center is currently the ONLY dispensary in the United States to accept the Cannabis Coin. Those 2 facts led me to the logical conclusion that the Cannabis Coin is essentially a gift card that fluctuates in value, as opposed to a form of universally accepted currency that has developed enough legitimacy to justify asking ALL seriously ill medical marijuana patients to convert to it. Rather, this seems like a cool idea for the patients who ALREADY shop at the Herbal Wellness Center and/or any participating dispensaries and
anyone who wants to mine coins and/or purchase them as an investment opportunity.My other point is simply that the other dispensaries in Arizona are going to be
VERY reluctant to accept the Cannabis Coin because the creator of the Cannabis Coin owns a competing dispensary and the medical marijuana industry of Arizona is like a huge
SOAP OPERA. We can't even get competing dispensaries to sell marijuana to
EACH OTHER, how are we going to get them all to accept a form of currency that is owned by a competing dispensary???
For example only; If "Bloom Dispensary" (another dispensary in Phoenix) decides to accept Cannabis Coin, and then Bloom has a falling-out with the Herbal Wellness Center and later decides to NOT accept Cannabis Coin, all of Bloom's customers will then be stuck with Cannabis Coin that they can't use at Bloom, but can only use at Herbal Wellness Center. Bloom really can't just assume that patients will know how to go online and convert their leftover CANN to BTC or USD, so Bloom will fear that their customers will all then go to the Herbal Wellness Center to spend their remaining Cannabis Coin instead. This is probably reason #1 why other dispensaries will be reluctant to accept Cannabis Coin. The hatred amongst the different dispensary owners is reason #2.
In your previous post, Normaldoyle, you said that your
"Pretty sure CANN acceptance will hit Colorado and Washington in the future." You being
"Pretty sure" is my point precisely. You and I have to wait and hope that other dispensaries decide to accept this form of currency for it to become legitimate. In the meantime,
right now,
in the real world that we're actually living in at this exact moment, there is only
ONE dispensary that accepts Cannabis Coin,
and that dispensary is owned by the creator of the Cannabis Coin.
Until a majority of dispensaries accept Cannabis Coin, we can't justify asking seriously ill people to convert to this form of currency. That would NOT in the best interest of seriously ill patients. Thanks and lots of love to all!
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