I really think Cannabis coins are the most ridiculous thing this envoirment has to offer. There's no reason why as a dispensary you would not just use Monero, Bitcoin or others.
I'd say they will all fail, get sued for millions of dollars becuase of money laundry and other bologny.
Also the last ICO on cannacoins was Paragon and they sure didn't show any professionality, expertise or anything of that. Seemed like your average money grabbing greedy folk who are just in it for the quick money and don't really ever offer a solution to the supposed problem they are tackling.
Most likely there won't even be a market for them in 1-7 years because of the rapid pace marijuana is becoming more and more legal, socially accepted and so on.
When the market gets larger big pharma will want to make their money aswell, cause you can say anything about how awesome it is medicially but people will come back for more just like ya xanax and prozacs.
Topic: Survey on Cannabis Coins (Read 230 times)
I think they have some merit. Since they can't open bank accounts, buying this with their cash may be the thing to do. However they have to turn their cash into coins somehow... Maybe they'll start accepting crypto as payment sooner than most industries.
Yes, think they do as well. FYI though most banks don't bank cannabis, those that do are growing. Compliance tech companies such as (linking videos): blockchain-based Tokken and Kind Financial (Microsoft partnership) are helping banks open & manage cannabis accounts. We have a good relationship with both to collaborate on industry solutions.
See our Cannabis Hemp Exchange (CHEX) token sale is in progress: https://bitcointalksearch.org/topic/m.21120617
Interesting post. I previously was of the impression that all these cannabis related crypto actually had nothing to do with the industry of cannabis. How legitimate are these links? They are all on Youtube. Do you happen to have the links to formal documentation as well? Or perhaps something in the news industry? At the moment, hard for me to take them seriously. With names like Tokes and Ganja. No offence!
I think among the cannabis coins, Tokes has the clearest roadmap and execution so far. Dedicated team and based in Las Vegas, which recently, in July, legalized weed. Check it out if you're interested. It's still mostly under the radar.
The Cannabis will going to be legal in my country as for medical purposes only, other individual is still illegal to use Cannabis in a day to day basis.
I think it is the right time to start legalization of Cannabis it has so many benefits for an individual.
I think it is the right time to start legalization of Cannabis it has so many benefits for an individual.
This poll seens to be quite reliable especially because of the high quanity of people who have taken part to it.
Excellent shit post, sir. Well done.I do not partake in cannabinoids and such things, but there certainly is a use for those chemicals. I'm
not sure where crypto comes into play here. There are already far too many coins on the market, and
I don't think the cannabis industry really needs one that's specific to them. Bitcoin can serve most of
the functions, don't you think? I'm of the opinion that many of these shit coins are being sold through
gimmicks and are more based on image and advertising than substance (no pun intended).
Except for the name cannabiscoin, the coin has nothing special to be used for trading cannabis as much as any other cryptocurrency.
So, we could not realte legalization of cannabis to its speculation.
IMO, legalization in short term would decrease the payment through crypto and increases fiat payments.
So, we could not realte legalization of cannabis to its speculation.
IMO, legalization in short term would decrease the payment through crypto and increases fiat payments.
I think they have some merit. Since they can't open bank accounts, buying this with their cash may be the thing to do. However they have to turn their cash into coins somehow... Maybe they'll start accepting crypto as payment sooner than most industries.
Yes, think they do as well. FYI though most banks don't bank cannabis, those that do are growing. Compliance tech companies such as (linking videos): blockchain-based Tokken and Kind Financial (Microsoft partnership) are helping banks open & manage cannabis accounts. We have a good relationship with both to collaborate on industry solutions.
See our Cannabis Hemp Exchange (CHEX) token sale is in progress: https://bitcointalksearch.org/topic/m.21120617
I think they have some merit. Since they can't open bank accounts, buying this with their cash may be the thing to do. However they have to turn their cash into coins somehow... Maybe they'll start accepting crypto as payment sooner than most industries.
This poll seens to be quite reliable especially because of the high quanity of people who have taken part to it.
With respect to advancing medicinal cannabis benefits, improving quality control, legalization efforts and banking issues, etc.
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