What is the Best Marijuana Coin?

[SecretsOfCrypto]

http://goldengatesgreenest.com

We'll be launching this weekend or early next week with some amazing Medicine for CA Medical Cannabis users  

very cool!

[SecretsOfCrypto]

Another CannabisCoin update.

VIA IRC:

<DeltaNineDev> FYI - we are harvesting a small CANNdy batch later this evening.  Will be testing and doing trials locally with select patients in AZ after cure time.
<DeltaNineDev> Please everyone do not think that myself and the team are going to be the sole supplier of CANNdy meds.  We will distribute clones locally once we feel it is successful
<DeltaNineDev> "CANNdy" is not only the strains that we are producing but also 'donated' meds supplied for the PEG.
<DeltaNineDev> Have a good day

EDIT: PER D9

Clone distribution will be done under AZ laws and regulations for Prop 203

Awesome! I hope CANNdy becomes big in the medical growing industry

[BornBlazed]

DopeCoin has irc and blockchain viewer built into the wallet.  Dope is cheap atm.

[Franciem]

any 1 remember about WETK ? 

[dopecoindude]

DopeCoin has irc and blockchain viewer built into the wallet.  Dope is cheap atm.

We are busy working on a few projects and will post our monthly update here shortly. We are still here 

[shojayxt]

The Marijuana industry will not be using any of these coins or any cryptocurrency for that matter for sales transactions.  At least not in the United States and I'll tell you why.  

Currently there are no banks that will deal with the Marijuana businesses in the United States because although it might be legal at the state level in some states it's still a schedule 1 controlled substance under federal law.   Because of that the banks will not conduct business with the dispensaries operating in states like Colorado, Washington, and Oregon.  These dispensaries deal strictly in cash because they do not have access to banking.   Just what are they going to do with a cryptocurrency that they will need to convert to bitcoin and then cash?  There is no avenue for them to convert cryptocurrency to cash because they do not have access to banking services.  Until these businesses have some method of converting cryptocurrency into cash they will not be accepting them for transactions.  

I have been to dispensaries in Colorado and Washington and they are doing a robust business.  I don't think that they will complicate their business model by adding a payment that would just add to the legal and financial maze that they are already dealing with.  

I'm not making any judgement on any of these coins.  It's the concept that the marijuana industry in the United States will adopt a cryptocurrency anytime soon that is faulty.

[dopecoindude]

The Marijuana industry will not be using any of these coins or any cryptocurrency for that matter for sales transactions.  At least not in the United States and I'll tell you why.  

Currently there are no banks that will deal with the Marijuana businesses in the United States because although it might be legal at the state level in some states it's still a schedule 1 controlled substance under federal law.   Because of that the banks will not conduct business with the dispensaries operating in states like Colorado, Washington, and Oregon.  These dispensaries deal strictly in cash because they do not have access to banking.   Just what are they going to do with a cryptocurrency that they will need to convert to bitcoin and then cash?  There is no avenue for them to convert cryptocurrency to cash because they do not have access to banking services.  Until these businesses have some method of converting cryptocurrency into cash they will not be accepting them for transactions.  

I have been to dispensaries in Colorado and Washington and they are doing a robust business.  I don't think that they will complicate their business model by adding a payment that would just add to the legal and financial maze that they are already dealing with.  

I'm not making any judgement on any of these coins.  It's the concept that the marijuana industry in the United States will adopt a cryptocurrency anytime soon that is faulty.

Hey Shojayxt. I get what you are saying. It is illegal under federal law currently this is true.  I just think at some point those restrictions will be lifted and 'weedcoins' and Bitcoin will be poised to strike. We are working on a merchant platform that will automatically convert so theoretically that can act like the 'bank' so to speak.  The reason they will add crypto is because of the digital ease of it . Just like Bitcoin has made payments so easy , there will be niche coins to fill this need for Cannabis. Good debate ShoJayxt. 

Stop in on DopeCoins thread and say hi sometime
https://bitcointalk.org/index.php?topic=467641.6060

[dopecoindude]

Some more to add to this:
https://cbcfrs.org/articles/2015/q2/virtual-currencies

[shojayxt]

The Marijuana industry will not be using any of these coins or any cryptocurrency for that matter for sales transactions.  At least not in the United States and I'll tell you why.  

Currently there are no banks that will deal with the Marijuana businesses in the United States because although it might be legal at the state level in some states it's still a schedule 1 controlled substance under federal law.   Because of that the banks will not conduct business with the dispensaries operating in states like Colorado, Washington, and Oregon.  These dispensaries deal strictly in cash because they do not have access to banking.   Just what are they going to do with a cryptocurrency that they will need to convert to bitcoin and then cash?  There is no avenue for them to convert cryptocurrency to cash because they do not have access to banking services.  Until these businesses have some method of converting cryptocurrency into cash they will not be accepting them for transactions.  

I have been to dispensaries in Colorado and Washington and they are doing a robust business.  I don't think that they will complicate their business model by adding a payment that would just add to the legal and financial maze that they are already dealing with.  

I'm not making any judgement on any of these coins.  It's the concept that the marijuana industry in the United States will adopt a cryptocurrency anytime soon that is faulty.

Hey Shojayxt. I get what you are saying. It is illegal under federal law currently this is true.  I just think at some point those restrictions will be lifted and 'weedcoins' and Bitcoin will be poised to strike. We are working on a merchant platform that will automatically convert so theoretically that can act like the 'bank' so to speak.  The reason they will add crypto is because of the digital ease of it . Just like Bitcoin has made payments so easy , there will be niche coins to fill this need for Cannabis. Good debate ShoJayxt. 

Stop in on DopeCoins thread and say hi sometime
https://bitcointalk.org/index.php?topic=467641.6060

The problem is that the restrictions with banking are strangling the Marijuana industry.  I know people in the industry and they would like nothing more than to be able to conduct business with Bank of America, US Bank, etc...  Cash is good but these guys need someplace to put that cash.  It's dangerous and the wrong element is aware of the amounts of cash these establishments deal with.  You also need a bank account to conduct any significant btc to fiat transactions.  I've been to shops in Colorado and Washington.  They're packed most of the day with customers.  They don't want to  hold on to that cash.  They would rather be able to deposit it at "Name your bank".  Unfortunately, Federal law in the United States says Marijuana is worse than Cocaine.  Banks are not going to do business with any entity until the federal law is rescinded.  If you live in the United States then write your Representatives and Senators.  Heck, send a letter to the President himself asking him to decriminalize Marijuana.  The more the better.  It's insane that in some states you can be locked up for twenty years for having a joint.

[Andrelvogue]

Dope Coin

Thats a nice Image like to have some DopeCoin.

[dopecoindude]

Dope Coin

Thats a nice Image like to have some DopeCoin.

Andrelvogue, haha ..thanks!  Hit me up with a PM I'll give you some DOPE 

[dopecoindude]

The Marijuana industry will not be using any of these coins or any cryptocurrency for that matter for sales transactions.  At least not in the United States and I'll tell you why.  

Currently there are no banks that will deal with the Marijuana businesses in the United States because although it might be legal at the state level in some states it's still a schedule 1 controlled substance under federal law.   Because of that the banks will not conduct business with the dispensaries operating in states like Colorado, Washington, and Oregon.  These dispensaries deal strictly in cash because they do not have access to banking.   Just what are they going to do with a cryptocurrency that they will need to convert to bitcoin and then cash?  There is no avenue for them to convert cryptocurrency to cash because they do not have access to banking services.  Until these businesses have some method of converting cryptocurrency into cash they will not be accepting them for transactions.  

I have been to dispensaries in Colorado and Washington and they are doing a robust business.  I don't think that they will complicate their business model by adding a payment that would just add to the legal and financial maze that they are already dealing with.  

I'm not making any judgement on any of these coins.  It's the concept that the marijuana industry in the United States will adopt a cryptocurrency anytime soon that is faulty.

Hey Shojayxt. I get what you are saying. It is illegal under federal law currently this is true.  I just think at some point those restrictions will be lifted and 'weedcoins' and Bitcoin will be poised to strike. We are working on a merchant platform that will automatically convert so theoretically that can act like the 'bank' so to speak.  The reason they will add crypto is because of the digital ease of it . Just like Bitcoin has made payments so easy , there will be niche coins to fill this need for Cannabis. Good debate ShoJayxt. 

Stop in on DopeCoins thread and say hi sometime
https://bitcointalk.org/index.php?topic=467641.6060

The problem is that the restrictions with banking are strangling the Marijuana industry.  I know people in the industry and they would like nothing more than to be able to conduct business with Bank of America, US Bank, etc...  Cash is good but these guys need someplace to put that cash.  It's dangerous and the wrong element is aware of the amounts of cash these establishments deal with.  You also need a bank account to conduct any significant btc to fiat transactions.  I've been to shops in Colorado and Washington.  They're packed most of the day with customers.  They don't want to  hold on to that cash.  They would rather be able to deposit it at "Name your bank".  Unfortunately, Federal law in the United States says Marijuana is worse than Cocaine.  Banks are not going to do business with any entity until the federal law is rescinded.  If you live in the United States then write your Representatives and Senators.  Heck, send a letter to the President himself asking him to decriminalize Marijuana.  The more the better.  It's insane that in some states you can be locked up for twenty years for having a joint.

Right, I know cash is still king.  I'm working on a way to have it still where people can put their cash into coins and it store it away till needed .  I'll see what I can do  because that is the future . A bank for "weed'.

[Piston Honda]

maryJ for sure (or soon will be)

CANN good but needs to get going in the right direction

[BitcoinNational]

there is no 1 best ... they all do their own thing
best up-to-date thread on MariJ coins
420 Alliance

[Netzer]

Why not the many marijuana coins join and try to make business together? having so many coins none of them can be successful.

[Abiky]

The most popular and well used marijuana coin is Cannabiscoin. There's no doubt about (at least I think) 

[dopecoindude]

Why not the many marijuana coins join and try to make business together? having so many coins none of them can be successful.

This is what the goal is basically of  the 420Alliance: https://bitcointalk.org/index.php?topic=874423.0

Dope is part of this group.

[dopecoindude]

Not sure if any of you are attending this:
https://www.cryptocannabisconference.com/index.php

Hit me up if you are!

[anotherlateminer]

Not sure if any of you are attending this:
https://www.cryptocannabisconference.com/index.php

Hit me up if you are!

Where have you found this?

[dopecoindude]

Not sure if any of you are attending this:
https://www.cryptocannabisconference.com/index.php

Hit me up if you are!

Where have you found this?

Somebody else pointed it out elsewhere on BTCtalk.