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Author Topic: [ANN] CannabisCoin [CANN][X11][Official] Unmoderated General Discussions.  (Read 492251 times)
cindereynolds
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October 18, 2014, 12:32:02 AM
 #4281

I've seen that a lot of people asking valid questions and voicing valid concerns are being accused of spreading FUD.

I bought my CANN at 15 satoshi that's .00000015 so it's all gravy to me.

Remember the old saying expect the best accept the worst. Anything can happen. The feds could go apeshit and shut it down. it might take years for them to get enough weed to actually be able to honor the 1cann=1gram peg. IconicExpert could tweet about cannabiscoin and kill it with his reverse midas touch.

The average dispensary customer/medical marijuana patient has no idea what crypto currency is. Everytime I try to explain what even a bitcoin is to regular people they look at me like I'm from mars.

This is going to be a long ride and your "BUY BUY BUY" and "NOM NOM NOM CHEAP CANN" spam hype are friggin cancer, some of you are starting to sound like blackcoin fanboys, all you need is a fedora. Just relax and sit on your CANN. (no pun intended)






ʕ•͡ᴥ•ʔʕ•͡ᴥ•ʔʕ•͡ᴥ•ʔ PND bamboo muncher ʕ•͡ᴥ•ʔʕ•͡ᴥ•ʔʕ•͡ᴥ•ʔ
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az420
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October 18, 2014, 12:33:19 AM
 #4282

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



InfiniteRadio,


Thanks for the comments friend!


I can only by the CANNdy strain of marijuana with my Cannabis Coin?!?!? So what if the CANNdy strain is just awful and/or contaminated? If I can only exchange 1 CANN for 1g of garbage, that's pointless.


Furthermore, as I understand it the CANNdy strain is something that is grown and produced by DeltaNine.


So YES, any dispensary can choose to accept Cannabis Coin, but only if the Dispensary buys the CANNdy strain from DeltaNine..Huh So every single dispensary would have to buy DeltaNine's marijuana to accept CANN? Sounds suspect.


Even if that weren't the case and you allowed each participating dispensary to choose which strain is their house CANNdy strain rather than forcing them to buy D9's strain, the dispensary is just gonna choose the middle grade marijuana instead of their very best strain as the CANNdy strain.


I just see no incentive for a dispensary owner to allow a patient to exchange 1 CANN for 1 Gram of their very best marijuana, rather than sell that gram of marijuana for $25 USD cash.


And furthermore, I don't think 1 CANN is going to get you 1 gram of HIGH GRADE marijuana. I'm sorry if I sound like a pot-snob but I don't want or need 1 gram of low or mid grade marijuana. Real OG is what we vaporize in this house.


Thanks
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October 18, 2014, 12:39:04 AM
 #4283

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



InfiniteRadio,


Thanks for the comments friend!


I can only by the CANNdy strain of marijuana with my Cannabis Coin?!?!? So what if the CANNdy strain is just awful and/or contaminated? If I can only exchange 1 CANN for 1g of garbage, that's pointless.


Furthermore, as I understand it the CANNdy strain is something that is grown and produced by DeltaNine.


So YES, any dispensary can choose to accept Cannabis Coin, but only if the Dispensary buys the CANNdy strain from DeltaNine..Huh So every single dispensary would have to buy DeltaNine's marijuana to accept CANN? Sounds suspect.

Even if that weren't the case and you allowed each participating dispensary to choose which strain is their house CANNdy strain rather than forcing them to buy D9's strain, the dispensary is just gonna choose the middle grade marijuana instead of their very best strain as the CANNdy strain.


I just see no incentive for a dispensary owner to allow a patient to exchange 1 CANN for 1 Gram of their very best marijuana, rather than sell that gram of marijuana for $25 USD cash.


And furthermore, I don't think 1 CANN is going to get you 1 gram of HIGH GRADE marijuana. I'm sorry if I sound like a pot-snob but I don't want or need 1 gram of low or mid grade marijuana. Real OG is what we vaporize in this house.


Thanks

Honestly, yes you are being a pot snob.  Not every patient needs the "best" like you do.  Gathering from your posts, it sounds like you have taken this further than medicinal purposes...  You have false information in this post as well...

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October 18, 2014, 12:40:55 AM
 #4284

price is dropping on FUD. Its gut check time.

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darylluke
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October 18, 2014, 12:41:38 AM
 #4285

QUICK UPDATE

Was at Herbal Wellness Center today.  We have successfully implemented and completed their point of sale systems for accepting CannabisCoin.

We have gone over inventory of "CANNdy" and we are SET for providing meds to patients!

The Media/Press has been contacted and there will be public interviews and video.

Live Streaming maybe setup for this event.

The First CannabisCoin transaction patient will be interviewed.

Patient awareness of the YES WE CANN program has begun already and will continue to spread.

AND...

On another front regarding last nights dinner meeting.  We have some doctors on board and are in discussion regarding acceptance and long term plans.

HOLD YOUR COINS.  MY ADVICE TO YOU.  THE PUBLIC IS COMING.  IF YOU ARE IN THIS COMMUNITY THAN DO SOMETHING FOR IT!  SPEAK OUT!


Thank you!

~DeltaNine

YES WE CANN





This is Delta9's last post, 2 days ago. ~darylluke.
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October 18, 2014, 12:43:07 AM
 #4286

price is dropping on FUD. Its gut check time.

It's the weekend and bots are trading...  Nothing new...  See what happens on Sunday...

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October 18, 2014, 12:44:50 AM
 #4287

Yo! Az420!

You've already contradicted yourself a good few times, your lies fool no-one, so stop being such a tramp trying to lower the price.

Thanks, peace, love and all that bollocks.

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October 18, 2014, 12:45:44 AM
 #4288

YESWECANN is Delta9!! Shocked Shocked
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October 18, 2014, 12:45:54 AM
 #4289

FUDDERS in FULL FORCE TODAY!

Haters are ANGRY at the success of the Cannabiscoin team. And trust me, they are EVERYWHERE!

I WILL continue to repeat myself:

STEER CLEAR and IGNORE:


-Worthless and meaningless FUD

-FUD spreaded by "trusted" members. These individuals are either being paid or are straightup ignorant. "TRUSTED" members are not always trustworthy. Big RED flag if you see "trusted" members spewing FUD posts left and right.

-Distractions. AVOID THEM. Hear people putting CANN down and putting another MJ coin on a pedestal? RED FLAG.


EVERYTHING is going great.

Cannabiscoin is going global faster than we think. Everything is GREEN.
OCTOBER 20TH is only the beginning!

Once again, I cannot stress this enough!!!! STEER CLEAR OF FUD AND DISTRACTIONS!

We are all on a successful path!

#YesWeCANN



friendly reminder!!!
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October 18, 2014, 12:50:12 AM
 #4290

price is dropping on FUD. Its gut check time.

??  price was 1000x lower days ago.   Huh

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October 18, 2014, 12:51:48 AM
 #4291

Az420 claims to be seriously ill yet turns his nose up at "mid or low-grade" strains.

If you are really dying, no doubt your finances are probably not too rosy and it would be a blessing for any sick patient to get discounted medicine no matter the quality, who looks such a gift horse in the mouth?

Also proof Delta 9 has no stake in HWC is there is an old photo in the early threads where he is wearing a VIP/Visitors badge.

Again more fud from a newbie account.
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October 18, 2014, 12:52:59 AM
 #4292

FUDDERS in FULL FORCE TODAY!

Haters are ANGRY at the success of the Cannabiscoin team. And trust me, they are EVERYWHERE!

I WILL continue to repeat myself:

STEER CLEAR and IGNORE:


-Worthless and meaningless FUD

-FUD spreaded by "trusted" members. These individuals are either being paid or are straightup ignorant. "TRUSTED" members are not always trustworthy. Big RED flag if you see "trusted" members spewing FUD posts left and right.

-Distractions. AVOID THEM. Hear people putting CANN down and putting another MJ coin on a pedestal? RED FLAG.


EVERYTHING is going great.

Cannabiscoin is going global faster than we think. Everything is GREEN.
OCTOBER 20TH is only the beginning!

Once again, I cannot stress this enough!!!! STEER CLEAR OF FUD AND DISTRACTIONS!

We are all on a successful path!

#YesWeCANN



friendly reminder!!!

would it be a good idea to get listed in btc38 and/or bter and get a cann/cny trading pair going?

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October 18, 2014, 12:53:51 AM
 #4293

Please someone mod this topic...fuders in my opinion are becoming really annoying...so SAd they don't have a life...poor babys..
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October 18, 2014, 12:59:44 AM
 #4294

Please someone mod this topic...fuders in my opinion are becoming really annoying...so SAd they don't have a life...poor babys..

No kidding. Remember: People make money off of FUD.
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October 18, 2014, 01:01:21 AM
 #4295


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.




CryptoJohn,



1) If the CANNdy "strain of the week" is not high grade medical marijuana, then I'm ACTUALLY exchanging 1 CANN for 1 gram of mid-grade medical marijuana that I didn't want and probably would never have bought if I were shopping at the dispensary.

Ironically, as the value of the Cannabis Coin rises, there becomes less and less incentive for patients to buy into them. Meaning, YES, buying 1 CANN for 6 cents and trading it for 1 gram of mid-grade marijuana is a heck of a deal!! Whereas buying 1 CANN for $10 and exchanging it for 1 gram of mid-grade marijuana is not such a great deal anymore.


2) Not allowing patients to choose ANY strain that is available for purchase, is what defines this Cannabis Coin as NOT being good for patients. Are you proposing that ALL 50,000 medical marijuana patients should instantly stop buying their medicine with USD, and convert to CANN instead?? "Seriously ill patients don't need the strain that works for them, they need the CANNdy strain from Herbal Wellness Center instead!" Are you freakin serious??? The idea is insane!!


I can not in good consciousness recommend to ANY Arizona medical marijuana patient that they should begin buying Cannabis Coins to exchange for their medicine, UNLESS they are willing to shop at the Herbal Wellness Center. I don't know how that concept has been lost in my rants.


3) My point is that if the Dispensary reports to AZDHS that they sold the gram of marijuana for .50 cents, then the amount of tax that the dispensary must pay will be greatly reduced because the tax is determined by the amount of the sale.


I'm concerned that it may be illegal for a dispensary to tell the State they received .50 cents for 1 CANN today, paying the State X amount of tax on that .50, and then turning around and exchanging that 1 CANN for $1.00 tomorrow. As I understand it, that meets the exact legal definition of tax evasion and money laundering. 


4) The "tax advantage" that you speak of will require the patient to pay less taxes (which I'm for) and the dispensary to pay less taxes, but will result in the State of Arizona doing their best to make the dispensary owner's life miserable because you didn't pay them as much as they would have gotten otherwise.



We can all agree to disagree about the tax issue, but only if your argument is that the State of Arizona won't care that they'll be making less money for their greedy pockets.


Thanks for reading!

samspaces
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October 18, 2014, 01:03:01 AM
 #4296

Please someone mod this topic...fuders in my opinion are becoming really annoying...so SAd they don't have a life...poor babys..

Moderation = censorship = never OK.
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October 18, 2014, 01:03:27 AM
 #4297

#YesWeCANN
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October 18, 2014, 01:09:20 AM
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Thanks and lots of love!


Are you a competitor on a slimy smear campaign?



No, I'm not a competitor. Just a medical patient with a keyboard. But if I were a competitor, it would illustrate my point precisely; that the medical marijuana industry in Arizona is like a really bad SOAP OPERA and nobody can seem to get along.


Every dispensary in Arizona is out to generate profit and they are all in COMPETITION with each other. They aren't risking their livelihood to operate a dispensary just to feel good at night. The dispensaries want money and lots of it. To believe anything else would be foolish.

I never intended to spread false information, but I suppose it was incorrect of me to assume that DeltaNine was the OWNER of Herbal Wellness Center. It appears instead that he is an employee of Herbal Wellness Center, but clearly to what extend we do not know. (Though he is clearly more than your lonely bud-tender)


Thanks and I apologize if I misspoke earlier.
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October 18, 2014, 01:10:26 AM
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Are we really going to pretend Delta 9 and HWC didn't go into this venture without hiring a lawyer?

We can "assume" all you like but no one is going to invest tens of thousands if not more in such a business concept unless they are certain they are in the clear legally.

Again stop trying to scare people. There is a difference between asking questions and acting like a soothsayer that the government WILL crack down.

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October 18, 2014, 01:12:47 AM
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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.




CryptoJohn,



1) If the CANNdy "strain of the week" is not high grade medical marijuana, then I'm ACTUALLY exchanging 1 CANN for 1 gram of mid-grade medical marijuana that I didn't want and probably would never have bought if I were shopping at the dispensary.

Ironically, as the value of the Cannabis Coin rises, there becomes less and less incentive for patients to buy into them. Meaning, YES, buying 1 CANN for 6 cents and trading it for 1 gram of mid-grade marijuana is a heck of a deal!! Whereas buying 1 CANN for $10 and exchanging it for 1 gram of mid-grade marijuana is not such a great deal anymore.


2) Not allowing patients to choose ANY strain that is available for purchase, is what defines this Cannabis Coin as NOT being good for patients. Are you proposing that ALL 50,000 medical marijuana patients should instantly stop buying their medicine with USD, and convert to CANN instead?? "Seriously ill patients don't need the strain that works for them, they need the CANNdy strain from Herbal Wellness Center instead!" Are you freakin serious??? The idea is insane!!


I can not in good consciousness recommend to ANY Arizona medical marijuana patient that they should begin buying Cannabis Coins to exchange for their medicine, UNLESS they are willing to shop at the Herbal Wellness Center. I don't know how that concept has been lost in my rants.


3) My point is that if the Dispensary reports to AZDHS that they sold the gram of marijuana for .50 cents, then the amount of tax that the dispensary must pay will be greatly reduced because the tax is determined by the amount of the sale.


I'm concerned that it may be illegal for a dispensary to tell the State they received .50 cents for 1 CANN today, paying the State X amount of tax on that .50, and then turning around and exchanging that 1 CANN for $1.00 tomorrow. As I understand it, that meets the exact legal definition of tax evasion and money laundering. 


4) The "tax advantage" that you speak of will require the patient to pay less taxes (which I'm for) and the dispensary to pay less taxes, but will result in the State of Arizona doing their best to make the dispensary owner's life miserable because you didn't pay them as much as they would have gotten otherwise.



We can all agree to disagree about the tax issue, but only if your argument is that the State of Arizona won't care that they'll be making less money for their greedy pockets.


Thanks for reading!





BINGO! ITS TOO EXCLUSIVE AND NOT BROAD ENOUGH...WHAT IS THIS A COUNTRY CLUB?  cann is goood and all but lets be real...Maryj will more than likely explode in europe with cannapay on monday while cann will explode in the corner of 1 company office... i can see it now..1 Vanilla cupcake. 1 candle...then the fat chick walks in and the candle blows out

 Cheesy Cheesy Cheesy Cheesy Cheesy

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