Is your wallet saying "Importing blocks from disk" ? It should be rebuilding the blocks database using the bootstrap file (can take couple hours to finish)

Too much reading for you?

Must've been because the equivalent of your 15% PotCoin discount is definitely not "provid[ing] CANN users with free cannabis".

I think if you take the time to understand the Yes We CANN movement you'll change your views but as always the choice is entirely yours. I would ask you to refrain from making misstatements about CANN and CANNdy though.

@ goldengatesgreenest

You want something substantial to think on? How about that you are already employing a philosophically and financially similar marketing strategy?

But firstly let's deal with the single strain, multiple strain thing and a few of your random statements. Perhaps one single exclusive strain was an impression given or taken during a skype call friend but the OP has always stated in plural, along with donations of any other medical marijuana - hence my highlighting.


I would suggest to you that any dispensary donating "crap" will find that doing so is hugely negative promotion and not remain in business for long. Would you give your patients garbage?

Additionally you are probably well aware State marijuana laws do not permit patients to buy marijuana by the pound nor has there ever been any intimation that CANNdy would be available in unlimited quantities, making your statement:


quite absurd and unworthy of an answer.

Now, I get the impression you are strictly operating a web portal so perhaps you do not see any of the advantages CannabisCoin brings to brick-and-mortar businesses but you asked so here's one thumbnail scenario for you:

As background here's a few articles on marijuana dispensaries' cash problem:- Protecting Marijuana's $2.7 Billion Cash Industry When Banks Won't; Security Firms Thrive While Cannabusiness Seeks Banking; Mad Scramble in Nevada After Bank Retreats From Cannabis Industry; Marijuana cash is problem for Illinois tax collection; From 'cash teams' to security, marijuana business gets serious and so on... if you are interested in the problem a simple internet search should net plenty of results.

Obviously banks will not provide financial services unless and until marijuana is removed from Schedule I and becomes legal federally. This means that dispensaries are stuck with handling loads of cash along with the security and insurance costs volumes of cash entails. The solution is obviously a digital point-of-sale system outside the federal banking system but which can be converted to fiat currency at will.

The media has painted Bitcoin as something shady and dubious, belonging to the realm of gangsters, gun dealers and drug lords, something which Fred and Freda Sixpack unfortunately believe. This increases the difficulty of bringing crypto to the average patient. It also allows the anti marijuana brigade to paint dispensaries trying to use bitcoin as shady by association.

How do you get patients to use crypto in the face of that? One answer is to provide high-value, low-cost medication in exchange for purpose-made crypto and perhaps some discount on other purchases also made with said crypto at full exchange rates.

I would call moving clients from cash to crypto one very real reason to "accept the peg", as you put it. While CannabisCoin is as cheap as it is you can consider it a loss-leader marketing strategy if you cash out immediately or, if you stockpile until broadening use drives CANN toward parity market pricing you could view it as deferred payment. Either way it significantly reduces your cash cost and greatly reduces the opportunity for employee theft which is unfortunately a major issue.

Of course, if your only business model is built on a web portal then this may not have been a relevant outline for you particularly but I note you already offer a 15% discount for PotCoin sales. Is that because non-bitcoin crypto offers you a cheaper transaction structure? Isn't that merely another inducement to have your client patients use a preferred payment system? How is your blanket discount philosophically different from a loss leader strategy?

In view of your own marketing strategy and assuming you don't "sell crap" for your 15% discount, do you still believe dispensaries will only donate rubbish into the CANNdy inventory?

I firmly believe in what ∆9 is doing and in ∆9 himself, for that matter. I am quite certain CannabisCoin is going to be very big news as crops become available for distribution. Think of the free promotion you'll get if you are already part of the Yes We CANN movement. Why wouldn't you give patients you are already trying to help a near-free gram or two or even three per day or week to encourage more patients to use crypto? Absent monumental changes in federal and banking industry policy and laws CannabisCoin is going to be used more widely and increase in price which will reduce the cost of such a loss leader strategy.

You say that you want to help veterans and donate some medication. Great! Donating what you can into the CANNdy inventory is one way of so doing. How much you donate and what daily/weekly limit you put on the pegged supply is entirely up to you.

Remember too that the average dispensary spend in California is $70. Guess what? If your CANNdy donation were to take the form of a single $10 1 gram preroll that's a discount of just over 14% minus the return you get from 1 CANN. Do the math. Honoring the peg need not be an expensive proposition for the dispensary at all. For your situation a limit of 1 gram of CANNdy per patient per day at peg would average out cheaper than your 15% PotCoin discount and actually more profitable if you stockpile and delay cashing out. Even as a web portal rather than a brick-and-mortar business there is still advantage for you being part of the Yes We CANN movement.

I assume profit, additional marketing strategy and significant free promotion on the horizon are substantial enough for you to think about. I hope that profitable businesses will gift medicine to needy patients but as you can see there is a hard-headed business case to be made for donating medical marijuana into the CANNdy inventory. Think on that.

 not so AFAIK. link?

Ah see, you've quite missed the point

CANNdy is not "a [singular] strain" although strains [plural] are being developed specifically for the CANNdy inventory.

Straight from the OP [emphasis added]:


You can donate any mmj into the CANNdy inventory as any and every cultivator can devote some portion of their crop in exactly the same manner as produce and cereal growers can and do devote portions of their crops to food banks.


The "profit" for dispensaries is both tangible and intangible.

If you go straight for the material bottom line then the value comes from attracting your client patients to use electronic transactions for all purchases in the absence of banking and financial institutional support. Face it, physical cash is a major problem for brick-and-mortar dispensaries and recreational marijuana retailers, with increased insurance costs, security costs and compliance costs of transaction logging, etc.. Every CannabisCoin [CANN] transaction is irrevocably logged in the CannabisCoin block chain and this removes problems such as employee cash diversion while making down-selling (selling their mates premium product at discount prices) much more difficult with every transaction traceable. The "donation cost" of a few grams of medication at the 1:1 peg falls dramatically as you shift remaining transactions to CANN at market rates. High volumes of cash are expensive to handle while high volumes of CannabisCoin are not. I imagine it varies by state but here in Australia there are tax concessions for product donations and promotional costs.

The intangible of course depends on just how much you enjoy helping people in need. Added to that is the business goodwill generated by discounting medicinal product.

The key point is that you do not need to wait for ∆9 to give you anything, you can become a part of the Yes We CANN movement and begin showing your appreciation to your mmj patients by donating into the CANNdy inventory right now - that is your own in house CANNdy inventory, you don't send it off to any collective or external distributor. Any and every dispensary and cultivator in every state where medical marijuana is permitted can do likewise and they can honor the 1:1 peg too.

∆9 and the team are working on exciting new enhancements but that need not hold anyone up.

Dude, do something extra for your patients and join the Yes We CANN movement.

Step 1. Download and install a CannabisCoin wallet.

Step 2. Add CANN to your payment options.

Step 3. Show your appreciation to your patients by donating some mmj into the CANNdy inventory and honoring the 1:1 peg to whatever limit you are able (at least for veterans as I believe that is your focus).

Step 4. Bask in the warm glow of doing something wonderful for people in need.

Step 5. Take a nap or sleep the sleep of the righteous.

Just a thought...

Thank you for your answer. That in fact makes a difference and is an answer to the eternal question. When POSv is finally here, it should be quite a positive.

congratulation then!!
can you post the winner here??
btw, how many Entries for each winner??

Will that shop offer 10% discount to people paying with POT only? Otherwise, frankly, it doesn't do anyone any good...

Edit: I see that the discount is only 5% AND, not just for POT but for BTC too. Which is, definitely, no good at all for POT supporters because, once again, takes us to square one: Why would I buy/hold POT when I can buy exactly the same shit with BTC, for the same price?

who is the winner of this contest??
winner should be announced 4th july, but now is 6th july..