Topic: Comparison of Marijuana-themed Coins - page 4. (Read 811 times)

Glad to see a bit of interest in these coins but the purpose of the list is to show that not all of them are worth picking up A few of them have actual ties to the industry that should allow them to grow, while others are only related in name. Unfortunately it seems like most investors don't look further than the name so a couple non-active coins with no real connections to the industry have been pumped a few times.

Grabbing a few of each, Canada legalizes this summer and over half US states allow medical marijuana.

Reserved for future plans

With marijuana popping up in the news so often and California's recent legalization, there have been a few big spikes in almost every coin with a weed-related theme. The problem is that not all of these coins actually have ties to the marijuana industry and are just trying to capitalize on the name. I put together this list to help everyone see the difference between each coin. My goal is to help investors make informed decisions backed by facts and real world relationships. For this list I will only be covering coins listed on CoinMarketCap. I'm also not counting "we want to be the top crypto for cannabis" as a tie to the industry, since almost every single coin says that. If I missed something let me know!

Please note that at this point I have had no direct contact with any of the developers regarding the status of their project(s). All of the information in this post is based off of what I could find on their websites and social media accounts. Percentage changes shown below are calculated weekly and are not meant to be viewed as completely up-to-date numbers; they're included to give a quick idea of recent performance.


Active Development = Technological updates or business-related advancements have been made by the development team within the past 3 months
Potentially Active Development = No updates or advancements have been made in the past 3 months but there is reason to believe an update may be coming
No Active Development = No updates or advancements have been made in the past 3 months

(Listed in order of release date, oldest -> newest)

Potcoin (POT)

• Active Development
• Announced: January 21, 2014
• Last update: February 8, 2018
• Ties to marijuana industry: Partnered with WeedMD, a Canadian medical marijuana producer. Sent NBA star Dennis Rodman on a promotional "humanitarian mission" to Guam, Japan, and China. Accepted as payment by Grizzly Seed Bank.

DopeCoin (DOPE)

• Active Development
• Announced: February 15, 2014
• Last update: February 11, 2018
• Ties to marijuana industry: Developing Smoke Exchange, an advertising platform for marijuana-related businesses, and Crypto Billings, a payment gateway to allow websites to accept crypto. Also working on being accepted by dispensaries.

HempCoin (THC)

• Active Development
• Announced: March 7, 2014
• Last update: January 26, 2018
• Ties to marijuana industry: Member of the Hemp Industries Association. Developing HempPAY, which appears to be a system for dispensaries to accept THC in-store judging by the graphics they've released.

Cannacoin (CCN)

• No Active Development
• Announced: March 28, 2014
• Last update: January 14, 2017
• Ties to marijuana industry: None. At one point it appeared they were setting up various web-based uses for their coin, including a smoke shop and a video chatting service. However most of the links found in their ANN thread appear to be dead.

Bongger (BGR)

• Potentially Active Development (see here)
• Announced: June 1, 2014
• Last update: Nothing since release
• Ties to marijuana industry: None. The dev stated that this coin was started to learn more about crypto, the marijuana theme was simply added for taste.

Sativacoin (STV)

• Active Development
• Announced: September 21, 2014 (takeover occurred on November 26, 2014, then a new thread was launched on September 24, 2016)
• Last update: December 26, 2017
• Ties to marijuana industry: Accepted as a payment method on the dev's marijuana-themed clothing site, topshelftoker.com

CannabisCoin (CANN)

• Potentially Active Development (tweeted on Christmas Eve that updates would be coming soon)
• Announced: October 19, 2014
• Last update: June 13, 2017
• Ties to marijuana industry: None. Intended to be used at dispensaries where 1 CANN = 1 gram of "Canndy," their own strain of medical marijuana.

HempCoin (HMP)

• No Active Development
• Announced: June 24, 2015
• Last update: January 7, 2016
• Ties to marijuana industry: Appears to be owned by a company that engages in medical marijuana business, Rocky Mountain Ayre Inc. Their idea was that 10 HempCoins = 1 share in their company.

Tokes (TKS - WAVES token)

• Active Development
• Announced: November 22, 2016
• Last update: February 15, 2018
• Ties to marijuana industry: Enables marijuana businesses to accept cryptocurrency and transfer money via the Waves blockchain. Also provides supply chain management in conjunction with TheraCann. Partnered with The Cannabis Hemp Exchange, Weyland Tech Inc, and Herbology Tours.

KushCoin (KUSH)

• No Active Development
• Announced: January 25, 2017
• Last update: March 4, 2017
• Ties to marijuana industry: None. The roadmap in their ANN states that they intend to partner with seed producers and dispensaries.

BlazerCoin (BLAZR)

• No Active Development
• Announced: April 4, 2017
• Last update: April 20, 2017
• Ties to marijuana industry: None. Was accepted in a seed sale that was met with mixed experiences.

Cannation (CNNC)

• No Active Development
• Announced: April 12, 2017
• Last update: May 12, 2017
• Ties to marijuana industry: None.

Growers International (GRWI)

• Active Development
• Announced: April 21, 2017
• Last update: January 16, 2018
• Ties to marijuana industry: Sells growing-related items through their website. Intends to offer numerous blockchain tools for legal growers, including seed-to-sale tracking and strain depository. Accepted on Austrian-based head shop Donau Life.

Marijuanacoin (MAR)

• Not Active Development (might be taken over by community)
• Announced: May 22, 2017
• Last update: June 26, 2017
• Ties to marijuana industry: None. The roadmap in their ANN thread says that in Q4 2017 they were going to start a crowdfunding campaign to fund their own grow facility and come out with merchant tools for dispensaries, but neither one of these updates appear to be in progress.

Paragon (PRG - ETH token)

• Active Development WARNING: ICO Class Action Lawsuit
• Announced: August 15, 2017
• Last update: December 5, 2017
• Ties to marijuana industry: Claims they will be opening an office building in Los Angeles, California that will rent space to legal cannabis businesses. Rent will only be payable with PRG.

GanjaCoin (MRJA)

• Active Development
• Announced: September 2, 2017
• Last update: February 7, 2018
• Ties to marijuana industry: Being developed by warehouse growers that say they plan to open their own dispensary (update: they say they will be applying for a license to open a legal marijuana shop in Massachusetts, USA). Also, after paying a $50 fee to become a "VIP," their website states you can exchange 1 GanjaCoin for 1 seed.

On the Radar (Active coins/tokens that have not yet been listed on CoinMarketCap)
GreenMed (GRMD), Perkscoin (PCT), Budbo (BUBO), Agro Tech Farm (ATF), MotaCoin (MOTA)