There is 92M CANN in circulation now. That's 92 tonnes of marijuana at 1 CANN = 1g rate. Does anyone believe these can be EVER exchanged at least once?
That is not the complete point. If the Supply is there for 1 gram = 1 CANN then the demand is big at this price.
Even if they just sell 100 Gramm first this is a first move.. the price will go to at least 1 $ per CANN.
Then more and more "suppliers" see CANN and they will start selling for CANN and it gets to 10$ which would be a good validation.
Why this can happen?
Because for "suppliers" just clicking on Smartphones to sell "products" is a great advantages because they don't need to have a lot of cash around.
Just my opinion..
The 1$ per CANN is Mid-term and 10$ would be a normal validation then in long-term.
But yeah first the Event on Monday has to take place and they have to sell 1 gramm for 1 CANN
Either if this is happening or not CANN is imo the craziest coin this year.. I mean Marketcap of 13 now!!!
And if it really goes to 1$ per CANN we overtake Litecoin.
Future will tell for me the risk is worth a gamble.