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Author Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦  (Read 920045 times)
CryptoRambler
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January 28, 2017, 07:38:58 AM
 #6701

FYI

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

That's not the case in Canada, Colorado or any other state we are aware of.  We have previously had a legal advisor contact the Colorado M.E.D. and they did not have a problem with regulated cannabis businesses accepting digital currencies


The effect a virtual currency ban bill debated in Washington state will have is raise awareness of the potential benefits of bitcoin or potcoin could have.  Lets say the benefits that could be offered through the blockchain are argued effectively.  Any public debate or mandate decreed immediately increases the possibility of considerable deliberation in the future as well.  Colorado leading the country in pot sales and potentially allowing public consumption having the additional advantage in transacting for pot with a potcoin is a signaling a green light to for now.

The govt is not looking to shut down crypto for POT. The state is booting out the federal law enforcement, but they still want to make their cut. It will be taxed like stocks or some other asset, and a public ledger such as POT blockchain serves this purpose and has auditable trail.

Buy POT before the horde flows in here
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January 28, 2017, 07:41:18 AM
 #6702

What is the use of POTcoin if it cannot be used too buy Weed

The govt is banning sales of marijuana using Cryptos

Hence POT will suffer a lot and will become worthless

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January 28, 2017, 07:46:10 AM
 #6703

What is the use of POTcoin if it cannot be used too buy Weed

The govt is banning sales of marijuana using Cryptos

Hence POT will suffer a lot and will become worthless



What govt banned cryptos? Lol

The IRS treating Bitcoin and cryptos same as stocks. Legalization of POT taking hold worldwide.

Just FUD
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January 28, 2017, 08:03:49 AM
 #6704

being in the industry for three years is an achievement, this coin is one of the first cannabis coin i saw when i started being engage with crypto, just like what i've said on other cannabis-related coin, the community in order to get more support must educate and be aware of the "good side" of Marijuana and it's medicinal usage through some promotional and educational campaign.

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January 28, 2017, 09:38:41 PM
 #6705

Israel takes steps to decriminalize marijuana use
Updated 10:06 AM ET, Fri January 27, 2017

http://www.cnn.com/2017/01/27/middleeast/israel-marijuana-decriminalization/
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January 28, 2017, 09:58:06 PM
 #6706

Investors dive into marijuana stocks, raising concerns about green bubble.
Last Updated: January 27, 2017 7:17 PM MST

http://calgaryherald.com/business/local-business/investors-dive-into-marijuana-stocks-raising-concerns-about-green-bubble
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January 28, 2017, 10:26:19 PM
 #6707

Why Donald Trump could be the Canadian marijuana industry’s secret weapon.
January 3, 2017 2:07 pm

http://globalnews.ca/news/3150050/why-donald-trump-could-be-the-canadian-marijuana-industrys-secret-weapon/
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January 28, 2017, 10:47:16 PM
 #6708

... need Seeds 4 POT ?

Make a Bid (PM) 4 the following Strains:

- XP very old Genetic, south african (mostly sativa) Inbreed
- G9xJ BackCross 2 the best times of "Jagge"
- G9xC99 BackCross GHxC99xJackHerer

... 10 nuts min, EU only (atm), CA & NZ planed.

 Shocked

P.S. stealth shipment of course

... please make an educated guess !
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January 28, 2017, 10:51:14 PM
 #6709

Sask. investors have high hopes for future marijuana industry.
January 26, 2017 3:37 pm

http://globalnews.ca/news/3207871/sask-investors-have-high-hopes-for-future-marijuana-industry/
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January 28, 2017, 11:01:36 PM
 #6710

These 6 companies will win the Canadian marijuana space, says M Partners.
JANUARY 22, 2017 BY NICK WADDELL

http://www.cantechletter.com/2017/01/6-companies-will-win-canadian-marijuana-space-says-m-partners/
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February 01, 2017, 09:09:47 PM
 #6711

All sell or what?

Bad news?
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February 02, 2017, 12:19:36 AM
 #6712

All sell or what?

Bad news?
there is always up's and down's   looks like it going down for a time maybe some people cashout for bitcoin but last bitcoin pump did nothing on pot price

buy wall on pot is small
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February 02, 2017, 01:21:13 AM
 #6713

Yup the bitcoin is the mother of all altcoins

but

But we need some news ;-)

Maybe soon after the wind...
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February 02, 2017, 01:39:57 AM
Last edit: February 03, 2017, 04:06:26 PM by puffpuffpass2you
 #6714

http://www.noelshack.com/2017-05-1485999536-potcoin-roadmap-update.png

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February 02, 2017, 06:11:03 PM
 #6715

Yup the bitcoin is the mother of all altcoins

but

But we need some news ;-)

Maybe soon after the wind...

Yes, the news for today is that POT is on the launch pad

Please keep hands and feet in the compartment at all times
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February 04, 2017, 04:08:40 AM
 #6716

Nice interview tonight to TVA french Quebec TV broadcast with Marc Boris St Maurice
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February 04, 2017, 12:57:59 PM
 #6717

What is the use of POTcoin if it cannot be used too buy Weed

The govt is banning sales of marijuana using Cryptos

Hence POT will suffer a lot and will become worthless




no one can be decide for further progress in advance but rather than this there are some elements which are giving clues for this but do not to be disappointed.
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February 05, 2017, 03:00:48 AM
 #6718

Any way we could get a recent bootstrap for the Desktop QT Wallet?   Syncing is awful.

http://108.61.216.160/cryptochainer.chains/chains/Potcoin_blockchain.zip

do you like rare coins? check out http://unobtanium.uno/ and http://www.triangles.network please follow me on twitter @heyrobok.. join my discord server @ http://discord.me/triangles
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February 08, 2017, 06:07:24 AM
 #6719

Hello,

I have been reading the forums but this is my first time posting. I have a significant investment (from my perspective) because I believe in the new team and idea for the coin. But I am worried that the gatekeepers (apple, google) will not let app on their hardware.

Is this a legitimate concern or because it's already in testing it means that apple/google approve and it's just a matter of finishing coding?
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February 08, 2017, 07:03:05 AM
 #6720

is there a forum or group such as Slack for answering questions about Potcoin
I had been searching for information Potcoin very minimal information


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