Topic: Bitcoin and Legal Marijuana - page 2. (Read 904 times)
Marijuana is a kind of medicine but i don't know why some country fight that it's illegal. Marijuana can save life, it can use in dangerous kind of cancer and some scientist prove it so why other country like Philippines didn't use it as medicine.
I am more in favor of the medical marijuana as it is almost proven that marijuana extract without that hallucinogenic properties can help people (especially kids and maybe old people) to deal with many medical challenges and to control or manage pain.
Right now, there are many studies confirming the validity of the use of hemp and how they can come up with products which people can use everyday over the counter. There is a big market for this side of the marijuana equation and this is more noble.
We already witnesses how Bitcoin and other altcoins (like Monero, Potcoin, Cannabiscoin, HempCoin) come to the rescue when banks closed their doors for this fledgling industry. And indeed this is just the start...when hemp will continue to boom in the coming years expect more and more cryptocurrency start-ups to focus on this big market.
As they say, where there is money expect more people to come in bringing with them better technology and infrastructure.
Yah, it's a fantastic drug, no doubt. I know a guy who swears it helps his diabetes. LolRight now, there are many studies confirming the validity of the use of hemp and how they can come up with products which people can use everyday over the counter. There is a big market for this side of the marijuana equation and this is more noble.
We already witnesses how Bitcoin and other altcoins (like Monero, Potcoin, Cannabiscoin, HempCoin) come to the rescue when banks closed their doors for this fledgling industry. And indeed this is just the start...when hemp will continue to boom in the coming years expect more and more cryptocurrency start-ups to focus on this big market.
As they say, where there is money expect more people to come in bringing with them better technology and infrastructure.
Banks will come around to supporting drugs eventually, when it becomes obvious how much money they're giving up by not doing so. It's a similar fight with kratom, which is another amazing plant with medicinal properties. Credit card companies don't want anything to do with processing payments from kratom dealers.
I am more in favor of the medical marijuana as it is almost proven that marijuana extract without that hallucinogenic properties can help people (especially kids and maybe old people) to deal with many medical challenges and to control or manage pain.
Right now, there are many studies confirming the validity of the use of hemp and how they can come up with products which people can use everyday over the counter. There is a big market for this side of the marijuana equation and this is more noble.
We already witnesses how Bitcoin and other altcoins (like Monero, Potcoin, Cannabiscoin, HempCoin) come to the rescue when banks closed their doors for this fledgling industry. And indeed this is just the start...when hemp will continue to boom in the coming years expect more and more cryptocurrency start-ups to focus on this big market.
As they say, where there is money expect more people to come in bringing with them better technology and infrastructure.
Right now, there are many studies confirming the validity of the use of hemp and how they can come up with products which people can use everyday over the counter. There is a big market for this side of the marijuana equation and this is more noble.
We already witnesses how Bitcoin and other altcoins (like Monero, Potcoin, Cannabiscoin, HempCoin) come to the rescue when banks closed their doors for this fledgling industry. And indeed this is just the start...when hemp will continue to boom in the coming years expect more and more cryptocurrency start-ups to focus on this big market.
As they say, where there is money expect more people to come in bringing with them better technology and infrastructure.
Nothing new in marijuana legalization in the other states in the america and some country in the world,bitcoins on the other hand may get more time to get legalize becuse of the current financial system in our government.I tjink it will be harder than marijuana getting legalize alll over the world
Lovely to see another ICO to fill the gap of cannabis-related coins. I was getting worried that PotCoin and MarijuanaCoin wouldn't be enough to satisfy all those merchants that sell weed and nothing else (almost none of them), and who love tiny coins with no liquidity or security (none of them).
Bitcoin is there for people who can't use the banking system, are against it or a few other things. If marijuana is legal, the main appeal of Bitcoin will just be to people who already know about it or deal with other drugs using it.
Bitcoin is there for people who can't use the banking system, are against it or a few other things. If marijuana is legal, the main appeal of Bitcoin will just be to people who already know about it or deal with other drugs using it.
Even after states legalizing marijuana banks objecting the payment is simply a bad decision. Also the same has paved path for the users towards bitcoin for their requirement because the banks were unable to fulfill the legalized necessity. The same will help in the growth of bitcoin, though it's related to darkweb.
The same thing happened with Backpage a while ago, when some payment services stopped payments for this site. < Classifieds > So Bitcoin stepped in and provided a alternative payment option for people to continue as normal. https://news.bitcoin.com/paxful-boarding-new-bitcoin-buyers/ Paxful was one of the services that stepped up and helped people to continue doing business, when all other options was closed to them. ^smile^
Cannabis for recreational (9) and medicinal purposes is legal in 29 states in the US, but the federal system still considers it as illegal and because of this pot industry is facing a crisis since banks have refused to offer their services to pot merchants. Marijuana sales totaled $6.7 billion in 2016 and the industry is expected to be worth $50 billion annually by 2026. Pot merchants are now opting to deal in bitcoins rather than cash and two startups, POSaBIT and SinglePoint have made this process easy. POSaBIT allow users to buy weed using bitcoin through their credit/debit card.
On the other hand, SinglePoint is working on blockchain technology to support cannabis transactions without much involvement from the banking system. They are also working on a potential ICO.
Bitcoin does have a bad reputation for its connection with dark web, but on the other hand, legal marijuna is one of the fastest growing industries in the US and bitcoin becoming a part of this growth would definitely be a boost for it.
http://www.thecannabist.co/2017/06/19/cannabis-industry-bitcoin-banking/81860/
Quote
Trove Cannabis, one of the Washington stores using POSaBIT, sold $3 million of marijuana last year — in cash — and does close to 3,000 transactions weekly. Trove became a POSaBIT customer in February after being on a waitlist for six months, according to Yin-Ho Lai, Trove’s founder and chief executive officer. Since doing so, about 13 percent of customers have chosen to pay with credit or debit cards, Lai said, and those who do tend to spend more.
On the other hand, SinglePoint is working on blockchain technology to support cannabis transactions without much involvement from the banking system. They are also working on a potential ICO.
Bitcoin does have a bad reputation for its connection with dark web, but on the other hand, legal marijuna is one of the fastest growing industries in the US and bitcoin becoming a part of this growth would definitely be a boost for it.
http://www.thecannabist.co/2017/06/19/cannabis-industry-bitcoin-banking/81860/
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