Bitcoin Forum

Washington Bill Would Make It Illegal to Pay for Weed With Bitcoin

Cannabis may be among the country's fastest growing industries, but its status as a Schedule I controlled substance under federal law poses an inconvenient discrepancy with more liberal state policies.

It's well known that pot businesses have used digital currency, like bitcoin, to work around the issue of banking and use of credit cards, given that most financial institutions, complying with federal law, will not service green industry folk. But now, in Washington state, even that's under fire.

State Senators Steve Conway and Ann Rivers proposed a bill to prohibit local cannabis businesses from buying or selling products using bitcoin. "A marijuana producer, marijuana processor, or retail outlet must not pay with or accept virtual currency for the purchase or sale of marijuana or any marijuana product," according to the bill, in which "virtual currency" also includes digital currency.

...more
http://motherboard.vice.com/read/washington-bill-would-make-it-illegal-to-pay-for-weed-with-bitcoin

Yes, it seems really bad news for many coins. Although I once did not accept these coins seriously, I always thought that they are doing just for a joke.

Yes, POT was gaining some ground recently, seemed to have taken the matter more serious, thus the rise.
If the bill is accepted it would be the total show stopper.
Fresh from the wire, I expect the dump any minute.

pot have a project with canada cannabis intusdrie so don't panic for pot ;)

I see these new cannabis coins showing up all the time, and I wonder if they will survive the Trump presidency. It is not secret that some of Trump’s cabinet are very anti-cannabis. You should inform yourself if you are thinking about investing in a cannabis coin soon.

Time to dump our cannabis coins before someone else crashes the price.

So how many cannabis coins are there exactly I wonder?

CannabisCoin - https://bitcointalk.org/index.php?topic=827998.0
PotCoin - https://bitcointalk.org/index.php?topic=426324.0
Cannabis Industry Coin - https://bitcointalk.org/index.php?topic=1651012.0
Growcoin - https://bitcointalk.org/index.php?topic=1448069.0
Tokes Platform - https://bitcointalk.org/index.php?topic=1690035.0
Choofcoin - https://bitcointalk.org/index.php?topic=1649886.0
Cannacoin - https://bitcointalk.org/index.php?topic=740903.0
GanjaCoin v2 - https://bitcointalk.org/index.php?topic=1652703.0
MaryJanecoin - https://bitcointalk.org/index.php?topic=793704.0
Hempcoin - https://bitcointalk.org/index.php?topic=506320.0
SativaCoin - https://bitcointalk.org/index.php?topic=1626516.0
FLOZ - https://bitcointalk.org/index.php?topic=1265785.0 and https://bitcointalk.org/index.php?topic=1424218.0
Marijuanacoin - https://bitcointalk.org/index.php?topic=1758455.0
Dopecoin - https://bitcointalk.org/index.php?topic=467641.0
CBD CRYSTALS - https://bitcointalk.org/index.php?topic=1652851.0
Spliffcoin - https://bitcointalk.org/index.php?topic=1314875.0
CanNabisDarkcoin - https://bitcointalk.org/index.php?topic=825005.0
THCoin - https://bitcointalk.org/index.php?topic=455415.0
Weed Tokens - https://bitcointalk.org/index.php?topic=924331.0
Bongger! Wooooo!! - https://bitcointalk.org/index.php?topic=634701.0
DarkKush - https://bitcointalk.org/index.php?topic=835219.0
BluntCoin - https://bitcointalk.org/index.php?topic=882813.0
Kushcoin - https://bitcointalk.org/index.php?topic=411457.0
Hempcoin - https://bitcointalk.org/index.php?topic=506320.0
Cheechcoin - https://bitcointalk.org/index.php?topic=1122398.0
Amsterdamcoin - https://bitcointalk.org/index.php?topic=1152947.0
Motacoin - https://bitcointalk.org/index.php?topic=1205950.0
Hashcoin - https://bitcointalk.org/index.php?topic=560955.0
Hashishcoin - https://bitcointalk.org/index.php?topic=825461.0

Did I miss any?  ::)

Do any of these coins offer any advantages over Bitcoin when it comes to paying for cannabis?
Or are they simply trying to brand themselves as a weed coin and hoping that draws users?

Most of these coins are going to die out regardless. How many pot coins do you need? strangely none have even implemented any anon tech have they? you would have thought these would have been ripe for that kind of tech since when bans get issued as they seem to be doing now then it would offer at least some protection if you are crazy enough to purchase weed with crypto in the first place when there is cash.

Having said that pot is quite good for trading in and out. Good volume and good movement.

Half of them have long been dead and not worth anything. I could be wrong, but they do not have a chance for a long life

reminded me of this song https://www.youtube.com/watch?v=6P2FB9Mg_YI surprising POT is still doing well but its like PASC on polo who knows when that bubble will pop

Wow. as wanting to legalize drugs. I'm against drugs, including cannabis. But it is not indifferent to the fate of the POT-coin and its price because I only recently purchased it. I hope it will continue to grow. Already, plus 10% on Poloniex.