Topic: Legalization of Marijuana in US can BTC help sell weeds? (Read 2011 times)
It is not going to have the direct impact on the price of Bitcoin as most people suggested, but I can see the indirect impact, the market is very huge and with time some of the money is going to find way into Bitcoin, especially those that want to evade tax
Marijuana has a long and sorted relationship with the American legal system. At the turn of the 20th century, cannabis was one of the nation’s top elixirs and cure-alls, but over the last couple of generations, laws and regulations have made it a legal nightmare. It is treated as harshly as heroine and accounts for a large chunk of America’s 2.5 million citizens in prison.
On Tuesday, in addition to Donald Trump’s upset victory, Marijuana was legalized for use in seven out of eight states there was a voting referendum (Arizona defeated it.) This is a good start, but that is only half the battle. Can Bitcoin help with what comes next?
I don't think bitcoin can help because there are no related between bitcoin and marijuana although it is about legalization of marijuana and although Donald Trump makes it becomes something legal usage for american people, bitcoin still there are no related with marijuana and almost all of countries reject legalization of marijuana. On Tuesday, in addition to Donald Trump’s upset victory, Marijuana was legalized for use in seven out of eight states there was a voting referendum (Arizona defeated it.) This is a good start, but that is only half the battle. Can Bitcoin help with what comes next?
I don't think it wouldn't affect a lot, because isn't it common to sell those kinds of thing with Bitcoin.
i suppose there will be not much change and there may even be a small drop in usage of bitcoin to buy Marijuana particularly! i say this because people usually seek other means of payment for drugs especially to keep their identity from being revealed and if it is legalized then there is no point in that anymore but there is still so many other things to buy!
I agree with you, what is the purpose of using Bitcoin to buy those things if you don't even have to be anonymous anymore.
It could be good to trade only inside US, like in netherlands, uruguay, etc. It will be great to trade marijuana globally and use Bitcoin as the trade money. Bitcoin is cool to don't pay tax to government, if legal marijuana would be traded like in many NL places it will be very helpful to the market. Hope many countries legalize it too.
You already could by getting your weed from the darknet market places. That is what is cool about Bitcoin, you do not have to follow government regulations to get and do what you want. Most of the people here look like they are lost on what Bitcoin is really all about. But we are all here waiting for the Bitcoin price to go to the moon so that is fine.
Bitcoins, unfortunately, is only used to buy illegal products (like darknetmarkets) and those who can buy it legally wouldn't choose bitcoins as a payment mode as they can buy it legally in dollars. I heard about marijuana being a beneficial medical drug but it's been misused too which again makes it legality a big question so I'm not sure why it's made legal.
You have this so wrong, it's not even funny. " Bitcoins, unfortunately, is only used to buy illegal products " WTF, so you are then just as guilty of this than the other people using this technology? I buy food and drinks with Bitcoin every day, and it contains nothing illegal. ^hmmmmm^
Those who can buy any product, can chose any method of payment they want to, and if Bitcoin has features that allow them to make this easier or more private, then they would opt to use Bitcoin.
I used the wrong word and it should have been "mostly". I have seen it happening often and I'm not saying this for everyone but many times people use bitcoins so that their trades are anonymous. I convert my btc for fiat and even I use it in an illegal way but I've seen people who I had traded with earlier sell it to people with stolen debit card and drugs.
I want bitcoins to be associated with good things but in many countries, drugs/terrorist weapons are only being linked to bitcoins and hence since one drug like marijuana has become legal, people may not use bitcoins for being legal things.
well, i dont see bitcoin being pumped because of marijuana, but yeah, bitcoin will definitelly help to buy.
it's like porn, doesnt matter if it is legal, Some people will always deny that they use and will buy it anonymously
it's like porn, doesnt matter if it is legal, Some people will always deny that they use and will buy it anonymously
Yes you are definitely right in saying that bitcoin though it can be used in buying marijuana doesnt guarantee that bitcoins market price will surge up. It may affect the market but not significantly. BUt why think of marijuana when you can buy other things rather than just marijuana, why not enjoy the benefits of bitcoin on other things other than marijuana.
Marijuana has a long and sorted relationship with the American legal system. At the turn of the 20th century, cannabis was one of the nation’s top elixirs and cure-alls, but over the last couple of generations, laws and regulations have made it a legal nightmare. It is treated as harshly as heroine and accounts for a large chunk of America’s 2.5 million citizens in prison.
On Tuesday, in addition to Donald Trump’s upset victory, Marijuana was legalized for use in seven out of eight states there was a voting referendum (Arizona defeated it.) This is a good start, but that is only half the battle. Can Bitcoin help with what comes next?
On Tuesday, in addition to Donald Trump’s upset victory, Marijuana was legalized for use in seven out of eight states there was a voting referendum (Arizona defeated it.) This is a good start, but that is only half the battle. Can Bitcoin help with what comes next?
correct me if i am wrong but i find this question real strange!
you say weed has been legalized which means you can buy and sell it without any hassle in places where it is legal and then you ask can we do it with BTC? why would you want to do that when it is legal to do it with cash?
The only thing that help the use of bitcoin is the prohibition of drugs because it's an anonymous currency.
I'm here trying to discovery how do you think that btc can help with this legal business.
I'm here trying to discovery how do you think that btc can help with this legal business.
Here in Canada I know a few pot growers that have their hands on both sides of the legality issue,meaning they have legit and illegal means of making profit on pot.
The transaction of pot for bitcoin is a good way to get caught up when you can just stick to the way business is working,why change a good working model?
You start making big moves with bitcoin you will set off alarms or set your self up for some one sniffing in your business other then cops.
I think for a customer the transacting in bitcoin is a pain if you do not use it for any other purchases. I need to buy weed at the shop,better first go buy bitcoin?
Its a extra step that is not needed,its easier to buy pot than bitcoin here and we lead the world with atms or at one point did,not sure now.
These shops are starting to get ripped off now as well,so why carry a ledger that shows daily transactions. Meaning I go to the shop a deposit into their wallet and then go home and watch that wallet address to see not just the money but how often people go. It would then give you a idea when to best hit them. Imagine walking in and instead of dufflebags you just put the coin all on a burner phone.
This plan that bitcoin is going hand in hand seems limited and shortsighted.
The transaction of pot for bitcoin is a good way to get caught up when you can just stick to the way business is working,why change a good working model?
You start making big moves with bitcoin you will set off alarms or set your self up for some one sniffing in your business other then cops.
I think for a customer the transacting in bitcoin is a pain if you do not use it for any other purchases. I need to buy weed at the shop,better first go buy bitcoin?
Its a extra step that is not needed,its easier to buy pot than bitcoin here and we lead the world with atms or at one point did,not sure now.
These shops are starting to get ripped off now as well,so why carry a ledger that shows daily transactions. Meaning I go to the shop a deposit into their wallet and then go home and watch that wallet address to see not just the money but how often people go. It would then give you a idea when to best hit them. Imagine walking in and instead of dufflebags you just put the coin all on a burner phone.
This plan that bitcoin is going hand in hand seems limited and shortsighted.
There are countries where marijuana is illegal and i think BTC can help play a role for buyers of weed in those countries .
Urgh. What the. Just because it's ok in the US, doesn't mean it's acceptable/legal everywhere else. If it's illegal in a certain country, then don't buy it. Even with btc. That's just asking to get caught. tsk.
For marijuana, since it's already beginning to be legal in the U.S. (@OP where's the link) , other countries might follow.
I don't think BTC is gonna help with this especially in the beginning since I'm pretty sure there'd be all sorts of identification/medical documents required for buying.
(I admit I haven't heard of these "legalization of marijuana" yet, or seen any news but is this legal for medical use only? or even for recreational?)
I don't think marijuana are included at the one with routinely used.
There are countries where marijuana is illegal and i think BTC can help play a role for buyers of weed in those countries .
bitcoin is already playing a role in the Marijuana world and people already are able to purchase it online with the help of bitcoin ,the world is getting closer with technology There are countries where marijuana is illegal and i think BTC can help play a role for buyers of weed in those countries .
Thank you!
As bitcoin is anonymous, it can help in ilegal transactions so if it's legalized, why people will use bitcoin?
It's more easy to pay in fiat.
I think the marijuana burned your brain, because one thing doesn't make sense with the other.
Isn't marijuana who will make BTC more important and popular. It would only help haters argument to say that BTC isn't a good thing and that people buy negative stuff with this coin. Bitcoin need good and positive arguments that really worth and become popular between good people.
Isn't marijuana who will make BTC more important and popular. It would only help haters argument to say that BTC isn't a good thing and that people buy negative stuff with this coin. Bitcoin need good and positive arguments that really worth and become popular between good people.
well, i dont see bitcoin being pumped because of marijuana, but yeah, bitcoin will definitelly help to buy.
it's like porn, doesnt matter if it is legal, Some people will always deny that they use and will buy it anonymously
it's like porn, doesnt matter if it is legal, Some people will always deny that they use and will buy it anonymously
There are countries where marijuana is illegal and i think BTC can help play a role for buyers of weed in those countries .
Urgh. What the. Just because it's ok in the US, doesn't mean it's acceptable/legal everywhere else. If it's illegal in a certain country, then don't buy it. Even with btc. That's just asking to get caught. tsk.
For marijuana, since it's already beginning to be legal in the U.S. (@OP where's the link) , other countries might follow.
I don't think BTC is gonna help with this especially in the beginning since I'm pretty sure there'd be all sorts of identification/medical documents required for buying.
(I admit I haven't heard of these "legalization of marijuana" yet, or seen any news but is this legal for medical use only? or even for recreational?)
The passage of legalization of Marijuana in many states will not have any effect on Bitcoin, unfortunately. The reason why many state governments decided to legalize marijuana, either for recreational use or medicinal use, is because they realize how big the business currently is, how many people use the drug, and how much money they can make by taxing it. If Bitcoin is not able to be taxed in the United States and the government can not get their share, it will not be widely accepted.
Marijuana has a long and sorted relationship with the American legal system. At the turn of the 20th century, cannabis was one of the nation’s top elixirs and cure-alls, but over the last couple of generations, laws and regulations have made it a legal nightmare. It is treated as harshly as heroine and accounts for a large chunk of America’s 2.5 million citizens in prison.
On Tuesday, in addition to Donald Trump’s upset victory, Marijuana was legalized for use in seven out of eight states there was a voting referendum (Arizona defeated it.) This is a good start, but that is only half the battle. Can Bitcoin help with what comes next?
The biggest problem here is as the marijuanna is legalized most people will not use it for the medical benefit but would rather abuse everything which will consequently lead to serious social vices. Using bitcoin for the transaction will help the a lot but we do not wish to see bitcoin use in a bad things. On Tuesday, in addition to Donald Trump’s upset victory, Marijuana was legalized for use in seven out of eight states there was a voting referendum (Arizona defeated it.) This is a good start, but that is only half the battle. Can Bitcoin help with what comes next?
The voters as a part of the reform laws for Marijuana especially under the clause of recreational cannabis means a good business for those who accept to allow people purchase medical marijuana for Bitcoins. I was pleased to hear that the state committee members of North Dakota had decided to vote for it considering its treatment for cancer and epilepsy. With California Proposition 64 in place, I think several legal vendors selling cannabis would increase sales, at the same time accepting Bitcoins as a payment would instill growth in some way. I'm sure a lot of illegal drugs are sold in the dark net with the use of Bitcoins, but if a legal reason exists for those who are sufferers of such diseases, can purchase it legally from pot sellers with their ID and Bitcoins.
As mentioned sufferers of such worse diseases feel much difficulty on buying from dark net market, because finding someone trusty in dark net market itself really hard. Now legalization helps buying with ease and when bitcoin too gets accepted scams gets reduced.
Bitcoins, unfortunately, is only used to buy illegal products (like darknetmarkets) and those who can buy it legally wouldn't choose bitcoins as a payment mode as they can buy it legally in dollars. I heard about marijuana being a beneficial medical drug but it's been misused too which again makes it legality a big question so I'm not sure why it's made legal.
You have this so wrong, it's not even funny. " Bitcoins, unfortunately, is only used to buy illegal products " WTF, so you are then just as guilty of this than the other people using this technology? I buy food and drinks with Bitcoin every day, and it contains nothing illegal. ^hmmmmm^
Those who can buy any product, can chose any method of payment they want to, and if Bitcoin has features that allow them to make this easier or more private, then they would opt to use Bitcoin.
Marijuana has a long and sorted relationship with the American legal system. At the turn of the 20th century, cannabis was one of the nation’s top elixirs and cure-alls, but over the last couple of generations, laws and regulations have made it a legal nightmare. It is treated as harshly as heroine and accounts for a large chunk of America’s 2.5 million citizens in prison.
On Tuesday, in addition to Donald Trump’s upset victory, Marijuana was legalized for use in seven out of eight states there was a voting referendum (Arizona defeated it.) This is a good start, but that is only half the battle. Can Bitcoin help with what comes next?
On Tuesday, in addition to Donald Trump’s upset victory, Marijuana was legalized for use in seven out of eight states there was a voting referendum (Arizona defeated it.) This is a good start, but that is only half the battle. Can Bitcoin help with what comes next?
It would be a great idea to to sell weed and accept bitcoin as a payment method.
I don`t know how many people who smoke marijuana use bitcoin.
I doubt that they are a large number.
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