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Author Topic: [ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions.  (Read 492297 times)
ChaseT
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August 31, 2014, 05:37:35 PM
 #1021

Announcements & Latest Developments


First of all, Areds post was dead on.  To those who have not read it, here : https://bitcointalk.org/index.php?topic=661885.msg8423852#msg8423852 READ IT!  I cannot comment on it further other than it being perfectly said.

I am starting to see a lot of responses from the community and seeing the same names pop up contributing to the growth and success of CannabisCoin.  Amazing Community!

Collaboration and contribution is how WE make things happen.  We team together and everyone will contribute to the vision, movement, and the future of CannabisCoin as a whole.

Pegging

Quote
1 CANN = 1 GRAM of Medical Marijuana
vs
10 CANN = 1 GRAM of Medical Marijuana

I would like to let the community know that the "Peg" will be officially announced before or by Sept. 1st, pending further discussion with "first gen" growers.  Could be any day.


Growers

We have secured two supplemental growers with their own grow facilities and specialty medical marijuana strains!

Some points were brought up during face to face discussions this past weekend.

- For faster adoption, they (growers) would like to participate in the movement and provide their current crops/strains that they have already 'specialized' in and ADD it to the CANNdy Inventory.

This would provide a few beneficial facts that we have agreed on.  

1) it would speed things up, they would not have to wait for CannabisCoin specific "Canndy" clones or seeds to mature to add to harvest.
2) No immediate transporting or distribution of the CannabisCoin specific "Canndy" strains on large scale, but rather gradual distribution while other strains can be slated for CANN "peg" prices.
3) it would also create a sub menu and variety of discounted meds for patients to choose from.  For example, adding another jar with "CANNdy" Main Label and then sub-labeled "L.A. Diesel Strain" etc. for that store.
4) Quicker adoption from other Dispensaries/Growers/Merchants
5) We could have "Canndy" meds on the shelves almost immediately!

QT Wallet Updates

We will be releasing soon, a wallet update to patch a couple of small issues (non noticeable issues), update the halving schedule, and implement the windows installer again for ease of use.


Mobile Web / HTML5 / QR Capable wallet

Currently active project, looking at possible issues, building API, transaction handling, etc.
We have a well-known dev in the community working on it.


More updates coming!

Lately, I have been busting balls, covered in cannabis resin from head to toe, endured Arizona monsoons, and many sleepless nights working to help make
CannabisCoin a reality.  It does not go without saying, that with the help and encouragement of the community, we CANN!  YES WE CANN!!!



~DeltaNine
let's keep going!



Hey can you explain the difficulties legal cannabis growers and retailers are having with the banking industry. Because the banks are still federally regulated all funds acquired through the sale and distribution are still illegal as a bank transfer so cannabis growers are forced to make cash deposits. How does cannabis coin directly affect this problem? I'd like an insiders view on the problems you're facing as a producer and the solutions cannabis coin may provide.

bump

Rich with Cannabiscoin
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CannabisCoinDev
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The Official CannabisCoin Team [CANN]


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August 31, 2014, 06:29:19 PM
 #1022

As promised,

Official Announcement tomorrow on the ratio/peg

Some points:

- Exchange market will have no little effect on the ratio.
Its been mentioned here that dispensaries may be selling CannabisCoins for fiat as well.

- Patients will be able to get there meds at aggressively reduced rate compared to FIAT.
It's a movement remember?  We will honor it.  Grower/suppliers who are participating have agreed to official "PEG" ratio.

- Target delivery period for CANN to be on shelves can be almost immediate once the procedure has been established and streamlined.

- "CANNdy" Strains have been finalized and out of Beta testing.  We are growing 'mothers' and will be cloning shortly.

- Other strains slated for CannabisCoins are ready for distribution at peg ratio.

- Had another pre-meeting with medical doctors in the valley regarding CANN.  We may have a doctor on the team.

More news tomorrow.

To the moon and beyond for those who CANN!

~DeltaNine

Cannabis Coin Team - Community run, NOT Company run!
The Coin that's 100% Backed by Marijuana Cannabis!
http://CannabisCoin.net   Trade symbol [CANN] - YES WE CANN!
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August 31, 2014, 06:37:37 PM
 #1023


- Exchange market will have no little effect on the ratio.
Its been mentioned here that dispensaries may be selling CannabisCoins for fiat as well.



This sounds like the ratio will be set based on the current exchange rate.  Is that what you mean to say?
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August 31, 2014, 06:41:25 PM
 #1024


- Exchange market will have no little effect on the ratio.
Its been mentioned here that dispensaries may be selling CannabisCoins for fiat as well.



This sounds like the ratio will be set based on the current exchange rate.  Is that what you mean to say?

I think it means that within it's on ecosystem CANN's value does not depend on exchange rate since it's value is pegged
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August 31, 2014, 06:46:00 PM
 #1025

That's pretty much what I took away from Delta9's update. Even though it could be said a little more clearer.

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fartbags
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August 31, 2014, 08:11:17 PM
 #1026

I think it means if you are a patient you will be able to buy CANNdy at their dispensary with CANN. They will be setting the price tomorrow.

This is great news. If CANNdy is selling for really cheap then all their patients will be buying CANN to buy CANNdy so that they can save up to 95% on their bill. This is great! Medical patients purchase large quantities of cannabis. Some buy 100 grams per week. Each dispensary they have will continue to bring in $20,000+ a week of CANN buy orders. If they could some how bring in 100 dispensaries that would bring in $2,000,000 a week. That is as much as BTC is bringing in each day.

This could be huge! Of course other dispensaries could easily copy this idea so CANN needs to get out there and bring in other dispensaries. Maybe give them 1,000,000 CANN to be part of the CANN network. It would be cool to bring in a dispensary that already has 10+ chains in their network.

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August 31, 2014, 08:17:17 PM
 #1027

Dev is true to its roots.

Very nice to see the main idea of the coin becoming reality.

Seeds, buds from the CANNDY strains, easy payments, right name, right dev and a way for other growers/dispensaries to get together and make the diference

We have a winner here folks.


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August 31, 2014, 08:36:59 PM
 #1028

Hello

CannabisCoin is listed on Cryptoine Exchange:
https://cryptoine.com/trade/cann_btc

Make some volume!
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August 31, 2014, 09:04:07 PM
 #1029

I think it means if you are a patient you will be able to buy CANNdy at their dispensary with CANN. They will be setting the price tomorrow.

This is great news. If CANNdy is selling for really cheap then all their patients will be buying CANN to buy CANNdy so that they can save up to 95% on their bill. This is great! Medical patients purchase large quantities of cannabis. Some buy 100 grams per week. Each dispensary they have will continue to bring in $20,000+ a week of CANN buy orders. If they could some how bring in 100 dispensaries that would bring in $2,000,000 a week. That is as much as BTC is bringing in each day.

This could be huge! Of course other dispensaries could easily copy this idea so CANN needs to get out there and bring in other dispensaries. Maybe give them 1,000,000 CANN to be part of the CANN network. It would be cool to bring in a dispensary that already has 10+ chains in their network.

You make some good points......you know, after I read your post I realized that the peg might actually work! Can't wait for the official post tomorrow!!!
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August 31, 2014, 09:06:49 PM
 #1030

I think it means if you are a patient you will be able to buy CANNdy at their dispensary with CANN. They will be setting the price tomorrow.

This is great news. If CANNdy is selling for really cheap then all their patients will be buying CANN to buy CANNdy so that they can save up to 95% on their bill. This is great! Medical patients purchase large quantities of cannabis. Some buy 100 grams per week. Each dispensary they have will continue to bring in $20,000+ a week of CANN buy orders. If they could some how bring in 100 dispensaries that would bring in $2,000,000 a week. That is as much as BTC is bringing in each day.

This could be huge! Of course other dispensaries could easily copy this idea so CANN needs to get out there and bring in other dispensaries. Maybe give them 1,000,000 CANN to be part of the CANN network. It would be cool to bring in a dispensary that already has 10+ chains in their network.


(o)(o) at 100 grams a week. That's like 4 ounces of weed. A quarter pound, is just an insane amount to be medicating with. 2 people in my household and an ounce lasts a month.

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August 31, 2014, 09:14:54 PM
 #1031

haha dam you guys must not smoke that much then. I smoke an oz in 5 days alone. lol
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August 31, 2014, 09:25:14 PM
 #1032

If you this works out, patients buying $500 worth of CANN today will be able to have medicine for the rest of their lives.

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August 31, 2014, 09:28:08 PM
 #1033

haha dam you guys must not smoke that much then. I smoke an oz in 5 days alone. lol

We don't smoke it. That's the difference. Vaping and the leftovers from vaping make for some tasty edibles.

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ared
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August 31, 2014, 09:49:26 PM
 #1034

I think this is worth sharing, READ:

http://www.usatoday.com/story/money/business/2014/08/31/pot-marijuana-industry/13628491/

Basically, the marijuana industry is facing huge problems with banks all the time.

Solution: CannabisCoin

CannabisCoin can HELP unbanked marijuana businesses to store part of their daily takings in a stable currency created for the Cannabis/Marijuana Industry.

What I see happening is that, until banks are more accepting of marijuana businesses, which isn't any time soon...
Then the marijuana industry can choose to accept CannabisCoin as a mode of payment and also honor the peg, which will be announced shortly (Hint: Most likely 1 CANN per Gram since supply will remain unchanged at 106 Million).
So they will store hopefully a big part of their daily taking in CannabisCoin which is obviously safer and easier to store than mountains of cash and just keep enough cash for daily operations/overhead.

Now do you see why DeltaNine and his team are so visionary? They see a problem and they have created the solution: CannabisCoin

YesWeCANN!
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August 31, 2014, 09:50:05 PM
 #1035

haha thats awesome!! i need to get a vape!! Then i could see how you do it then!!
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August 31, 2014, 10:12:30 PM
 #1036

haha thats awesome!! i need to get a vape!! Then i could see how you do it then!!

https://www.youtube.com/watch?v=q9U3GxjMIm8 This is the best vape, hands down.

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August 31, 2014, 11:41:55 PM
 #1037

I think this is worth sharing, READ:

http://www.usatoday.com/story/money/business/2014/08/31/pot-marijuana-industry/13628491/

Basically, the marijuana industry is facing huge problems with banks all the time.

Solution: CannabisCoin

CannabisCoin can HELP unbanked marijuana businesses to store part of their daily takings in a stable currency created for the Cannabis/Marijuana Industry.

What I see happening is that, until banks are more accepting of marijuana businesses, which isn't any time soon...
Then the marijuana industry can choose to accept CannabisCoin as a mode of payment and also honor the peg, which will be announced shortly (Hint: Most likely 1 CANN per Gram since supply will remain unchanged at 106 Million).
So they will store hopefully a big part of their daily taking in CannabisCoin which is obviously safer and easier to store than mountains of cash and just keep enough cash for daily operations/overhead.

Now do you see why DeltaNine and his team are so visionary? They see a problem and they have created the solution: CannabisCoin

YesWeCANN!

That article should firmly entrench users into using alternate forms of currency. That is why we need coins line CANN.

Oh and it could not have come at a better time.....

The day before Peg is announced. From USAToday.com....what luck this team has.

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September 01, 2014, 01:46:22 AM
 #1038

haha thats awesome!! i need to get a vape!! Then i could see how you do it then!!

https://www.youtube.com/watch?v=q9U3GxjMIm8 This is the best vape, hands down.

This one is really cool if your looking for something more compact you can throw in your pocket.  Have to get the "dry leaf" cartridge.

http://www.v2cigs.com/v2pro-products/series-3-vaporizer-kit

“You can't be a real country unless you have a beer and an airline - it helps if you have some kind of football team, or some nuclear weapons, but in the very least you need a beer.”
― Frank Zappa
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September 01, 2014, 01:48:31 AM
 #1039

usa today.com/
Taxable pot transactions may near $1 billion over the next 12 months in Colorado alone.
Great write up - well done CANN

http://www.usatoday.com/story/money/business/2014/08/31/pot-marijuana-industry/13628491/


"Together we stand for a fairness and truth"
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September 01, 2014, 02:07:31 AM
 #1040

Play your cards right and this could be fun.
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