[ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions.

[InfiniteRadio]

I was just thinking to myself...why would the whales dump before it hits the equivalence of the price of a gram of weed?


They are whales....they manipulate markets....like clay, so

Why would they NOT let it go as high as it possibly CANN ($5-15 per) ?

Seems like a waste of good krill if they dont let CANN touch that range...

The higher the price goes the MORE REAL it gets ...in other words...the closer we get to the actual cost of a gram of herb, the more legit it gets...unlike most pumps...which seem to need whacky reasoning associated with any buying at x1000...


WHALES, YOU FEEL ME?

 

whales are great, but why not pitch this to weed smokers in arizona? 1 whale who only cares about how many bitcoins hes going to get? or 1,000 people who need cheap weed for medical reasons, and will continue to buy CANN if the price is under 10 bucks...

#yesWECANN.

Yes...you are right...that would be awesome...the only thing is I wasnt born yesterday

I was mostly trying to ease peoples skepticism when they think "Gee, this coin has gone up 15x, no way im gonna buy now"

When in actuality, the closer this coin gets to the cost of a proper gram of weed, the more legit it gets...put it this way....whats more believable to the lay person, buying a $10 gram for $1 or buying a $10 gram for .05 cents??? its almost TOO good to be true....people will dismiss it as bullshit...but $1-$5 is more believable....

does that make sense?

JAH BLESS

[sofmu]

I tend to think that results of this psychiatry paper might have something to do with the impoliteness towards potential investors, seen so much in this thread.

[BlockaFett]

I think this coin is the best way for MMJ shops to operate. shit even illegal drug dealers will start to accept cannabiscoin for weed... its so much better than dollars. i actually think this Coin will revolutionize the whole weed industry in america, maybe even the world in the near future. Can't wait until Holland jumps on board this then I can drive up there n get some free weed

I just wish i would've known about this coin earlier and had a better mining rig to support the hashing.


YES WE CANN!

the dutch already here , hello

Thats great! I was actually talking about getting Cannabiscoin into Dutch Coffee Shops. I'm currently in Belgium so maybe I can take the drive up there and get some people interested!

Hey get up there bro and speak to some shops and post some pics, I will donate to you travel expenses and sure others will too...

[BlockaFett]

I tend to think that results of this psychiatry paper might have something to do with the impoliteness towards potential investors, seen so much in this thread.

Activity: LOL

[solid12345]

A dollar is very realistic in the short term. Dark and Bitshares both hovered in the 80 million and up market cap and achieved them in just a matter of weeks, hell even Doge got close to hitting the 100 million cap, no reason CANN cannot do the same.

If it will go higher than a dollar all depends on whether Delta 9 can boost confidence to the market and show a pathway for sustainable business development, luckily I am positive he can!

[meliketitties]

I think this coin is the best way for MMJ shops to operate. shit even illegal drug dealers will start to accept cannabiscoin for weed... its so much better than dollars. i actually think this Coin will revolutionize the whole weed industry in america, maybe even the world in the near future. Can't wait until Holland jumps on board this then I can drive up there n get some free weed

I just wish i would've known about this coin earlier and had a better mining rig to support the hashing.


YES WE CANN!

the dutch already here , hello

Thats great! I was actually talking about getting Cannabiscoin into Dutch Coffee Shops. I'm currently in Belgium so maybe I can take the drive up there and get some people interested!

If Dutch coffee shops start to accept it I'm gonna book my ticket to Amsterdam right away.

[BlockaFett]

A dollar is very realistic in the short term. Dark and Bitshares both hovered in the 80 million and up market cap and achieved them in just a matter of weeks, hell even Doge got close to hitting the 100 million cap, no reason CANN cannot do the same.

If it will go higher than a dollar all depends on whether Delta 9 can boost confidence to the market and show a pathway for sustainable business development, luckily I am positive he can!

D9 is the man. If anyone can do it he CANN.

totally investing in D9 here seen him make this happen from v small beginnings, and know he's just getting started.

[BlockaFett]

I think this coin is the best way for MMJ shops to operate. shit even illegal drug dealers will start to accept cannabiscoin for weed... its so much better than dollars. i actually think this Coin will revolutionize the whole weed industry in america, maybe even the world in the near future. Can't wait until Holland jumps on board this then I can drive up there n get some free weed

I just wish i would've known about this coin earlier and had a better mining rig to support the hashing.


YES WE CANN!

the dutch already here , hello

Thats great! I was actually talking about getting Cannabiscoin into Dutch Coffee Shops. I'm currently in Belgium so maybe I can take the drive up there and get some people interested!

If Dutch coffee shops start to accept it I'm gonna book my ticket to Amsterdam right away.

Woh, not thought of that - totally

[az420]

So let me get this straight. If I buy 1 Cann for 6 cents, you guys are going to exchange it for 1 gram of actual marijuana at your store in 3 days from now?

That seems to be the deal yes.

How is this even possible?


The Herbal Wellness Center is required to electronically report the financial details of ALL medical marijuana sales to the Arizona Department of Health Services immediately upon completing the transaction inside the dispensary.. (Presumably to keep track of dispensaries' income for tax purposes)


That leads me to that point.. The Herbal Wellness Center must also pay taxes to the State of Arizona, and the City of Phoenix as well. But geez those are far from the main concerns if the value of the transaction reported to the Arizona Department of Health Services is only 6 cents.....


The real question is; How in the fork is the Herbal Wellness Center going to turn a profit selling grams of medical marijuana for 6 cents???


I MUST be missing something!!


And when they say I can exchange 1 CANN for 1 gram of medical marijuana, does that imply ANY medical marijuana of any quality??? Cause HOLY COW, if that's REALLY the case then this is an AMAZING deal for patients! But surely any of you could understand my skepticism, right?



Thanks and lots of love!

[comando]

you are not fcking off yet, fudder? no1 cares about what you write rightnow, so don't even try...and hahaha, loser, now you are watching the CANN price goes up and you can't do anything about it..

[WarrEagle]

blah, blah, blah and oh yeah lots of love. You have been saying the same thing over and over again. It's getting kind of old. How they do it...we don't know. I'm sure they have something up their sleeves.

Oh, like selling CANN paper wallets at 100K% profit? Hmmmm now there is a novel idea.

[BlockaFett]

Kind Sir

Blah Blah Blah

Thanks and lots of love!

^ when you see brand new account asking questions like this it means they are from a competitor coin.  it's obvious where they are wrong but they just want you to engage with them to distract from the mission. Noobs 101

Lots of love to you too!  

[BlockaFett]

blah, blah, blah and oh yeah lots of love. You have been saying the same thing over and over again. It's getting kind of old. How they do it...we don't know. I'm sure they have something up their sleeves.

Oh, like selling CANN paper wallets at 100K% profit? Hmmmm now there is a novel idea.

just feel good they are in a shit clone coin and have to come here and pan handle

[TheCoinMonster]

I think this coin is the best way for MMJ shops to operate. shit even illegal drug dealers will start to accept cannabiscoin for weed... its so much better than dollars. i actually think this Coin will revolutionize the whole weed industry in america, maybe even the world in the near future. Can't wait until Holland jumps on board this then I can drive up there n get some free weed

I just wish i would've known about this coin earlier and had a better mining rig to support the hashing.


YES WE CANN!

Damadegyptian,



I also think it could be ideal for MMJ shops outside of Arizona (particularly California!!), but my concern is specifically related to Arizona Dispensaries.


The Arizona Department of Health Services Medical Marijuana Regulations have requirements for accounting principals that dispensaries must follow, amongst other requirements. The regulations aren't clear as to whether an Arizona dispensary CAN accept Cannabis Coin and then exchange it for USD.


Remember, Arizona dispensaries are also required to pay TAXES to the State of Arizona in addition to any taxes implemented by the county and city.


Dispensaries are also required to track and report each and every transaction with every patient to the AZDHS, including what strain the person bought, how much marijuana was purchased, and how much money was exchanged. (So that the State can electronically keep track of how much marijuana you buy, so that you can't possibly buy more than 2 1/2 Ounces every 14 days) So the idea of an Arizona Dispensary holding on to their Cannabis Coins would likely not be possible as the Dispensary is required to report the value at the time of the electronic transaction inside the dispensary.


Arizona Department of Health Services Medical Marijuana Regulations: http://azsos.gov/public_services/Title_09/9-17.htm


The fundamental problem is that Arizona's Medical Marijuana regulations we're written by an agency that didn't want medical marijuana in the first place. The Arizona Department of Health Services actually lobbied AGAINST the Arizona Medical Marijuana Act prior to it's passage. And let me remind you all that the Arizona Medical Marijuana Act was approved by a vote of 50.2% of Arizonans. No, that isn't a typo. The regulations were NOT written for the patients' best interest. It is generally accepted in the Arizona medical marijuana industry that our medical marijuana is awful.


Also, I wanted to know is there an incentive for an independent dealer to accept only Cannabis Coin and not just accept ANY form of crypto-currency like Bitcoin AND Cannabis Coin? (Or whatever coin the person happens to have for that matter)


Thanks and lots of love to you all!

I think some of your questions have more to do with you not fully understanding how cryptocurriency works.  As far as accounting, utilizing the block chain to analyze transactions answers almost all of your concerns.  Every transaction is received and verifies by other CANN holders and as a result is 100% transparent and auditable.  If correctly integrated into a pos system it could easily be the "database" that records and address all of your accounting concerns.

I would invite you to explore more about the fundamentals of how crypto works before you make blanket assumptions. 

From your experience it sounds like you are frustrated with the way mmj has progressed in AZ.  Why would you not welcome, or at least be open minded to a fundament revamping of the way mmj is dispensed.  I live in a state where it is still 100% illegal, but I hope as we come to our senses, maybe someday I will be able to open a CANN franchise here.  D9 and his team have done some great work so far and I have no doubt with their help and my CANN holdings I could easily open shop here some day.

To see the bigger picture will require some time and research, but if you are legitamatly interested in the CANN movement I would encourage it.  We can never have to many well spoken, calm community members.

And dispensaries can accept any payment they want, the reason they don't is because there was no payment platform that was industry specific.  It can be difficult to use bitcoin because transaction can take 15-90 mins to confirm.  Cannabis coin is more like 90 seconds... 

I apologize in advance for spelling/grammer. I'm sending from my S4.  Fell free to PM me if you you have any specifoc questions I could help with.

DJ

[Virtuoso]

I MUST be missing something!!

 maybe Brain...

[mitchr4]

Almost every night weve had a big climb. Im thinking we hit 25 by noon tomorrow.

[InfiniteRadio]

So let me get this straight. If I buy 1 Cann for 6 cents, you guys are going to exchange it for 1 gram of actual marijuana at your store in 3 days from now?

That seems to be the deal yes.

How is this even possible?


The Herbal Wellness Center is required to electronically report the financial details of ALL medical marijuana sales to the Arizona Department of Health Services immediately upon completing the transaction inside the dispensary.. (Presumably to keep track of dispensaries' income for tax purposes)


That leads me to that point.. The Herbal Wellness Center must also pay taxes to the State of Arizona, and the City of Phoenix as well. But geez those are far from the main concerns if the value of the transaction reported to the Arizona Department of Health Services is only 6 cents.....


The real question is; How in the fork is the Herbal Wellness Center going to turn a profit selling grams of medical marijuana for 6 cents???


I MUST be missing something!!


And when they say I can exchange 1 CANN for 1 gram of medical marijuana, does that imply ANY medical marijuana of any quality??? Cause HOLY COW, if that's REALLY the case then this is an AMAZING deal for patients! But surely any of you could understand my skepticism, right?



Thanks and lots of love!

Whats up brethren!! Im pretty sure there is a specific strain to be bought with CANN (CANNdy), so its only that strain...as for the Taxes...dude...crypto is wayyyyyyy wayyyyyyyyyyy wayyyyyyyyyyyyyyyyyyyyyyy easier to keep thorough records than non-crypto transactions...ITS ALL ON THE BLOCKCHAIN...this is one of the reasons merchants should adopt crypto in general!!!

I've never owned a dispensary before but i imagine their normal profits will more than cover any "loss" by giving patients a cheap alternative...and its only 6 cents right now....as we speak...it could be a $1 tomo....and then $5 the day after....so yea....i wouldnt worry about Delta9's team losing money here
Jah Bless

[CryptoJohn]

I MUST be missing something!!
And when they say I can exchange 1 CANN for 1 gram of medical marijuana, does that imply ANY medical marijuana of any quality??? Cause HOLY COW, if that's REALLY the case then this is an AMAZING deal for patients! But surely any of you could understand my skepticism, right?
Thanks and lots of love!

You are missing something. It's obvious that you have not read the entire thread.
1) Yes you can exchange 1 CANN for 1 gram MMJ on 10/20 - how many times has this been said..
2) Canndy is a generic name given to the "strain of the week", if you will, that will be exchanged for CANN. The first strain is an "OG" Kush grown to be sold as "canndy". No you can not choose any strain in the store to buy with CANN. The amount of strains will expand along with the rise in value and adoption of CANN.
3) The state of AZ does not set the prices that MMJ can be sold at. Lets say CANN = $0.50 on 10/20 then the dispensary reports those grams sold for $0.50 each and can show electronically through the ultimate accounting device, the blockchain, evidence of every sale to back their in house accounting. Maybe you've never been in a dispensary but there are typically different prices for different strains whether it's $10gram, $15gram, $20gram or $0.50gram.
4) I'm sure there's some tax advantage to selling $15 dollars worth of MMJ for $0.50.

You should have spent all the time you used on the state of AZ website reading the relevant CANN thread.

[Bitcycle]

Thanks and lots of love!

No apology for spreading FALSE information about HWC and D9 earlier?

Of course, you say you work in medical marijuana in AZ.

Are you a competitor on a slimy smear campaign?

[BTC-Buds]

@KingAred @Xentagz on Twitter -- don't forget Doug Benson @DougBenson maybe he'll mention it on Getting Doug with High.

thx!!

edit:  i would but i'm afraid he may have blocked my account after telling him he should smoke using hemp wick, he didn't like me telling him how to smoke lol