Bitcoin Forum

Which marijuana-related coin(s) do you think will take off as more legalizations kick in next year? I put together a list of the ones I could find on CoinMarketCap and compared their ties to the industry that could make them more successful: https://bitcointalk.org/index.php?topic=2658296.0

It would be pretty easy to go with the current top 5, but maybe there's a sleeper or two in the mix?

Let me ask the obvious question here -- why in God's name do you need a cryptocurrency to pay for marijuana, when it's legal? Why not just pay for it with fiat? You'd think the essence of marijuana cryptos would be to keep transactions under the radar. What is the point of a "weed" coin once it's legal?

Is it just so the pot heads can feel like they have some grip on, or portion of the crypto community? You can toke up, play video games, eat cheetos, and proclaim your blockchain prowess!  ::) ::)

I don't get it.

I think those marijuana coins doesn't have future.

If I want to buy weed, I will just use LTC or Monero. Why the hell I will exchange to special coin??

https://www.financemagnates.com/cryptocurrency/news/payments-platform-alt-thirty-six-integrates-dash-cannabis-sector/



2018 will be the year that Dash breaks into the USA legal cannabis industry in a major way.

Marijuana coin's only name is beautiful but I say 'Marijuana may be disappointing'. Let's see what will happen?  :)

you are not alone my friend.
and it is because there is no logical relationship between these cryptos and cannabis industries! since they have never been used for that a purchase of any kind. people may have used anon coins such as Monero and Zcash or even the least anon coin of all: bitcoin but they don't really use Marijuana coins to buy weed :D

but this is altcoin market we are talking about. they have got pumped for reasons less than this. it won't be a whole year of fun and profit but it will be a short time of big pumps.

I think one important thing to note is that even though marijuana may have been legalized by the state, it is still illegal on the federal level (at least in the US). There are plenty of web-based businesses in the marijuana industry that can't necessarily work with cash, and the hazy state of legality may put a number of people off from using credit/debit so cryptocurrency fills that gap nicely. So while it may not be completely necessary, I think it's a good layer of security for something that's still possibly very risky.

Also, a few of the weed coins are setting up platforms for marijuana businesses that get shunned by more "mainstream" platforms. They can't advertise with Google or Facebook, so DopeCoin's Smoke Exchange could be a great option for them.

A couple of them have/intend to have special relationships with dispensaries that would give you bonuses for using their coin. Though the point of my list is to compare coins that are clearly meant to appeal to potheads; I'm definitely not saying any of them are better than other privacy-focused coins.

Marijuana coin  :D lol  This blockchain rush is getting more and more crazy.There's no need special coin for buying it,99.99 % of people getting it for fiat.Another useless coin for speculations.

We only lack the coin to shit
 
 ;D ;D ;D ;D ;D ;D

what is the meaning. i mean what is the relation between marijuana and blockchain technology. If they want to make anonymous payments on blockchain they can use bitcoin instead or a faster altcoin. I dont think these coins have a future.

Actually the problem is banking. Most banks, being national and not state based, are unwilling to risk working with dispensaries (even medical ones) right now, which has resulted in most dispensaries becoming cash only as POS became impossible, especially once Square started refusing to process indirectly. Here in Oregon, that all happened right around the time Sessions took office (shocking, I know). Altcoins, specifically DASH, could solve the problem (google "alt thirty six" if you're interested in specifics). I know the weed named coins want to be that coin, and in some markets I think they are established to some degree--or it's all marketing and nobody is--but either way my money is on DASH to take on that role, at least initially, as the alt36 people have been setting up a POS system and trying to make agreements for over a year now (unless that is also marketing). However, in the log term, I think any stable coin with a fast confirmation cycle can easily take on that role...

Marijuana coins are going to die mostly in my opinion as legality problem is gone in 1st world countries.
Also their developments are relatively worse than other coins' I don't plant to invest, ever.

Most people will prevent that kind of altcoin grow in the market, there is no so much community and supporter in the back of such kind of project.
However i will never say that altcoin will grow in the market. Need to buy marijuana them use fiat.

may be slightly increased from the previous year. but when you want to use it as an investment in the long term I think it would be much more promising.

Have future for pump and dump. Nothing else.

From my point of view, there is no reason why a dope grower should use this coins. Every crypto is ok to transfer money. The technique of this coins is only average. I would recommend to invest in something with a solid product and not in shitcoins only related to a booming industry.

There is one guy - George. YT: CruproR-US.
Said he likes marija coin industry and besides Hemp, Dope, Pot, and Cannabis there is one more very promising coin.
It is super low market cap and price. And quote: "has their shit together, they are making their partnerships already, doing all the right things and yet no one has paid attention to them"
They came out in 2017. Might be Growers Intl? He said he will disclose it later.

That definitely sounds like Growers International. None of the other marijuana coins that came out in 2017 have been very active at all while GRWI is making new partnerships and advancements. Also has a very low market cap (currently ~$4 mil) and a super low supply (just over 1.1 mil) that make it pretty attractive.

Could it also be Paragon? Seems to fit aforementioned criteria too.

Or Tokes

Why we need to make special marijuana altcoin or token? I dont reaaly understand why.
There are so many altcoin or token out there that we can use to buy that. Privacy coin like monero is the best choice.

If we're getting technical, Tokes was released in 2016 not 2017 (though near the end). Also Paragon and Tokes are both tokens, though some people use the term "coin" fairly loosely so that might not cut them out. I didn't know about Paragon though, so thanks for bringing that to my attention. I'll be adding it to the list I linked to in the OP

The cannabis coin CANN is very promising. By the way, I think having marijuana related coins does serve a purpose. For one, right now marijuana companies can't get banking or credit from traditional lending source. Having access to funds through coins like CANN, POT, DOPE, THC, and others will allow these companies to thrive.

all i know is cannabis coin cann , hodling some on the dip before
im still really like bitcointalk, people did their do diligence ,and posting it here for free to give people power to buy rumor so we can sell the news

Well, the money these companies make cant actually be put in a bank, so that is an issue. The way to do transactions is with cash and they also dont want to be mugged. The best way is crypto, and they will have a major influence most likely this year as long as it stays federally illegal.

in my place there is no need for this "weed" coin because it very common and easy to get this thing. just a few weeks ago the police just burned 9 hectare planted land with marijuana.. guess what happen when large area with the marijuana inside got burned...

This coin is a coin that is likely to develop in this year, thus investing in coins is very appropriate for the future. therefore now is the right time.

Marijuna is not legal on all countries, so they may plan to introduce coin to cross border to make their business grow. This is normally every business entity way of developing the growth, however if Marijuna introduces coin it's up to the people to buy or keep silent. Mostly people look into the company or organisation instead of what they sell (product). Every company have the right to start a crypto and the success depends on the drive and potential of the coin in crypto market.

Yeah, it was Tokes. Watch his new video.
So I'll do my research on both TKS and Growers.
The only 2 sites out of all I think are decent.

I do not think that such tokens will take off. Why create separate coins for the purchase of marijuana, alcohol, or some other things if all this can be bought with bitcoin?   

Yup, this. This is why the alt thirty six folks focused on DASH.

a coin that has good future prospects this year. Hopefully, that investing in coins it will get more and more of their initial capital. This coin is very suitable for long-term investing.

The issue is that even though there are better coins for privacy/speed/etc, none of those dev teams are reaching out to create partnerships in the legal cannabis industry. You have to remember that the vast majority of the population doesn't really know what cryptocurrency is, let alone how to use it. So the teams behind a number of these marijuana coins have been putting in a lot of time to bring their crypto to the businesses rather than waiting for businesses to come to them. Maybe one day those businesses will look deeper and decide to go with BTC or DASH or whatever, but for now most of them are probably only willing to give it a shot with dev teams that actually communicate with them directly.

This project have many star in the team, but the real target for this project seem un clear. I dont think this project will have good result in 2018.

CannabisCoin was created just a few months after PotCoin, and it had a similar goal: to make transactions easier for medical marijuana dispensaries. Its proposition was to provide a super simple exchange ratio from cryptocurrency into actual marijuana – for specific strains of marijuana and cannabis medicines, for example, you can exchange CANN  at a rate of 1 coin to 1 gram.

As at January 4, 2018, CANN’s market cap was $22.8 million, and one CannabisCoin was worth $0.296. Exactly one year ago, its market cap was just over $175,000, and one CANN was worth $0.002! If you had the vision to invest in CANN back then, you would have enjoyed a Gordon Gekko-esque ROI.

https://www.marijuanabreak.com/top-5-crypto-cannabis-coins

If this year in some countries will be legalized, then perhaps this will have a positive impact on Marijuana coins.

I don't see the point in creating a currency to pay for a specific asset. That would defeat the whole purpose of bitcoin.

Potcoin is going for anrise tonight!


https://twitter.com/dennisrodman/status/951852665201360898

There is potential in the market. I believe that it is mostly due to the regulation in California, which it´s the seventh economy in the world just on it´s own and apparently quite anxious to smoke all the weed they can ;D

You are laughing at something that is fully illegal in some countries? for me, it is not funny.

And i saw a lot of friends of mine being destroyed just because they used to smoke weed all day long, they thought that they were funny, but it wasn't.

Anyway, i can not understand why the fuck there are coins related to drugs, it should be inmediately seized or regulated by the SEC.

I thought bitcoin was the weed coin  (if you read the regret threads, thats mostly what people bought)

I don't see the added value to buy weed with a cryptocurrency , cash is always the most anonymous way to pay for things in real life. It is just a big marketing tool.

Yes and no, what he is probably referring to is the tokens that some marijuana legal producers are launching taking adavantage of the legal framework in some states in USA.

I am thinking of getting some weed coins because basicly it will rise. People usually like this kind of funny coins. Dogecoin was one of them, it still rising. i am collecting DOGE from the first day. Think about this way, weed coin would be good invesment.

Marijuana coins have great potential now and in the nearest future, they will take their own place in the world of cryptocurrencies

agree, I don't see real use for mari coins. You can use some fast-transaction coins like LTC or some anonymous like monero or dash

Guys, I don't understand why need special coins? Why not buy for BTC? Oh, ok, long transaction. Dash, XMR, LTC, any other ready to use? Why we need Dope, Pot, Cann etc?

my prefered Cheap Marijuana coin Cannabiscoin(CANN)

I can only see them grow on drug-legal countries so I think it's growth will just be limited if ever they became adopted because it's still illegal in many countries.

Because most Americans don't carry cash regularly, meaning they incur ATM fees as a result, and businesses do NOT want to have to deal with large sum cash deposits or storage/securing, that's part of the problem they're trying to solve here.

Well, I dont know much about Marijuana coin. I saw great increase in value sme times and I really dont know why. I'm planning on buying some of marijuana coins soke days before 20th of April. Like 10 ot 15th of April would be a good time I believe. Expecting to see value increase at 420!

these are the most pointless cryptos, no need for weed coins. They can just use other cryptos.

coins that have negative aspects such as cannabis coins will definitely get a high price increase like gambling coins. I think it might be possible to buy the coin if it has good price and good for investment.

i always believed in potcoin, oldesd coin of its kind a think. but they havent been able to invest in marketing, so the price is still low.

While I agree that other coins might be better for cannabis related businesses, the problem is that none of those coins are making an effort to connect with cannabis related businesses like some of the marijuana-themed coins are. It's important to remember that cryptocurrency is still a very new idea to the vast majority of the population, which means it's very unlikely that a lot of business owners have heard of anything other than Bitcoin and maybe Ethereum. The teams behind coins like DopeCoin, PotCoin, Tokes, etc, are actively reaching out and making connections with businesses in the industry. Their choice of theme also helps ease consumers in to the world of crypto. Lots of people can't relate as easily to coins like Dash or Monero, so it helps to have a coin that's marketed specifically at a product they want.

Well they did recently send NBA legend Dennis Rodman around the world to meet with country leaders and on to a few different news broadcasts for interviews about PotCoin. That probably cost a pretty penny.

I like the idea of these coins, but are they really needed?

Why can we not just use existing cryptos to serve the same purpose?

There was 1 ico last year connected to this theme - smoke exchange with coin SMX, idea was quite good, but ICO failed.

In my opinion it gonna fail so fast. In many countries Marijuana is not legal. But anyway lets see what gonna happen in future

These cryptocurrencies are used only for pumping and dumping. For example cannibis coin on bittrex which sometimes pumps hard and everybody starts to talk about this and finally noobs enter in with high hopes to lose all their money. Tech wise these are nothing more than Bitcoin's ripped off coin with no proper wallet.

I wonder why buying ganja needs to be in blockchain wherein you can buy it directly using fiat. Security wise, using blockchain is good to conceal your identity but is it really necessary if the government legalizes ganja already?

The Smoke Exchange is still being developed by the DopeCoin team, along with their crypto payment portal for websites called CryptoBillings. I don't know the details of the SMX ICO, but they did a second round recently and it must have done well enough for them to continue their work.

I have heard of one project, but it is still not announced officially, but secretly they are planned to place 200m tokens at $0.25 per token
Don't ask where I have found this info, just know

Marijuana coin  Cheesy lol  This blockchain rush is getting more and more crazy.There's no need special coin for buying it,99.99 % of people getting it for fiat.Another useless coin for speculations.

For the legal tender of Marijuana an ico was developed last year. I'm not sure, how successful is the ICO. As Marijuana is one among the most traded illegal product in the dark market, coins related to these services will surely reach good growth levels.

i don't really understand all this enthusiasm around cannabis coins, yeah i know that around the world there are millions of stoners but why they should use cannabis coins instead of mainstream cryptos like eth or litecoin? i don't trust the 90% of the current currencies but investing in cannabis coins does not seem worth in my opinion. better search for a solid project instead.

I don't understand same also. For what we need special coins? What can not do other cryptocurrencies? Private? Quick? Light wallet? What? I look for Dope some time. Team do something. But exclude p/d I don't see new

I agree, but you can say the same thing about a lot of other types of projects as well.  Why would we need a specific crypto to pay for freelance work, for luxury goods, for insurance, for dentists, etc.?   I anticipate these types of projects won't be around too much longer.

Budbo is a good marijuana token that is likely to make waves in 2018

It is just a big marketing tool.I don't trust the 80% of the current currencies but investing in cannabis coins does not seem worth in my opinion.Better search for a solid project instead.

The thought of marijuana is disgusting to many. Why not accept it with openmindedness as as a helpful medical ingredient for medicines? Cultured only with permit and legal farms I think it would not be a problem. If some say marijuana is a dirty word, I know an altcoin name dirtier than this. You can search it on exchanger list with a four letter word.

To be honest this kind of ico is really enticing and offering a good future. However,  considering how good it is it can be appealing to scammers as well so its hard to trust.

I think you should read more about the background of marijuana coin. And another thing is, marijuana is not legal in every part of the world because of abuse. There are some places in the world where it is legal because they said it can be used for things like medical purposes. The marijuana coin can be huge in cryptocurrency world if the demand for weed increases.

Tens of projects based on cannabis and cannabis have already started worldwide. Why should this be better?

All of this marijuana coins which are multiple in number I the cryptocurrency market is a good concept but these are highly dependent upon the government policies which must be in favor of the legalization of the drug, this way succeed in Europe but not in America as of now

Marijuana coins are a waste of time unless it has great privacy features. If not then simply use monero or deeponion to pay for it. If you live in Amsterdam or another place where it is openly traded then you can just buy with bitcoin like everyone else.