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

[FredDag]

The FRAUDS of (Coyote) WALLSTREET have already started dumping. in 3 weeks itll be under 1000sats because of these jackasses. I thought the FEDS stopped all pot companies from accepting crypto when they were taking Bitcoin? That’s why nobody has taken or will take Potcoin for buds, just the accessories. It will be interesting to see how long the CannabisCoin guy stays in business. Either the FEDS will hit him or he will go bankrupt from the low price his Coin ends up being worth. When 420 comes around we will see POT and CANN hit new highs that make this pump look small. New recreational shops are opening in Denver and if they are allowed to take Crypto they will take POT before CANN. CANNA, THC, DOPE, and MaryJ wont even be known by April.

I think you will find that Crypto Currencies & Medical Marijuana are both here to stay.

These two genies are out of the bottle & they have the potential to create the perfect synergy...
It's just a matter of time now until for things to settle down and establish a 'new norm'... Exciting times ahead.

[hugabase]

Price already falling a bit.

Danger pricees....BIG Holderr still keep to much CANN coin,I think this a BIG problemmm...
Because..BIG holder can get MUCH money and the next Investor will lose MUCH money..no stable here..and THIS is Very Dangerous..!!!!!
See...CANN price step by step down to the bottom..because BIG holder sell their CANN coin...!!!

[mitchr4]

I sold, probably a bad idea. but that sell wall staying just off the page makes me think something strange is going on, and im up pretty big. Ill buy back in the morning at a loss if were back on the climb.

[CannabisCoinDev]

IT'S OFFICIAL!
CannabisCoin "Yes We CANN" event happens on

10/20/2014





No tricks, just TREATS!

Patient education and awareness about CannabisCoin and the Yes We CANN Movement has begun at Herbal Wellness Center in Phoenix.

Staff has been trained and are ready for the groundbreaking event.

We have multiple dispensaries and multiple locations.  ALL will accept CannabisCoin as exclusive Cannabis digital payment.  Official announcments for those are coming.

Growers are ready for flowering more "CANNDY" plants - Batch 1 is Indica dominant hybrid "OG" kush strain.  
AVG street price http://marijuana.com/news/2013/06/2013-top-5-marijuana-strains-what-will-an-ounce-of-good-pot-cost-you-2/

There is a lot more coming!  


The CannabisCoin and the YesWeCANN movement was created to provide quality, safe, and affordable medication to patients utilizing the CannabisCoin.


From Deltanine: "The end days of 'bullshit scam coins' and hopeless pump and dump schemes are being counted."  "Let the people have their freedom in their investments and let them see with their own eyes what cryptocurrency was meant for."

~Dev Team
Edit: Oh and BTW, YES WE CANN

Looks like the CANN team will be at HWC tomorrow to help setup remaining point of sale systems and run tests.
We are GREEN!

YES WE CANN

[coinsarecool]

Great coin. Makes a strong statement about liberty.


But


People should remember there are folks in America serving life without parole for nonviolent marijuana offenses.

http://www.lifeforpot.com/

[CannabisCoinDev]

Coindesk Article about another dispensary - http://www.coindesk.com/washington-dispensary-now-takes-bitcoin-cannabis/

[CannabisCoinDev]

Every gram of medical marijuana is tracked and logged even if its free per state laws.
Every patient must be a MMJ medical marijuana card holder.

[zyronx]

Coindesk Article about another dispensary - http://www.coindesk.com/washington-dispensary-now-takes-bitcoin-cannabis/

that is in my home land

[cevarius]

Law enforcement can't stop cannabis transactions where it's legal. The problem lies in the federal government where all sales of marijuana are still deemed illegal. Crypto helps to solve that problem by trading cannabis for a token. If the token is worth what you're trading for, you can sell that token and the sale of the token is not illegal under the eyes of the federal government.

First thing that comes to mind that could throw government wrenches into the mix are state/local sales/property taxes and federal income taxes/employment taxes.

Can't pay any of the above directly with CANNs, so they'll have to be exhanged to USD$s. But, IRS/State/etc are going to want to know where those deposits of USD$s suddenly come from.

How do businesses and small towns handle reporting income/wages/etc when using specialized local/community currencies?

/not an expert of state/fed taxes, income/wage reporting, nor alternative currencies in the analog world

[CannabisCoinDev]

Law enforcement can't stop cannabis transactions where it's legal. The problem lies in the federal government where all sales of marijuana are still deemed illegal. Crypto helps to solve that problem by trading cannabis for a token. If the token is worth what you're trading for, you can sell that token and the sale of the token is not illegal under the eyes of the federal government.

First thing that comes to mind that could throw government wrenches into the mix are state/local sales/property taxes and federal income taxes/employment taxes.

Can't pay any of the above directly with CANNs, so they'll have to be exhanged to USD$s. But, IRS/State/etc are going to want to know where those deposits of USD$s suddenly come from.

How do businesses and small towns handle reporting income/wages/etc when using specialized local/community currencies?

/not an expert of state/fed taxes, income/wage reporting, nor alternative currencies in the analog world

Thank you,

lol "IRS/State/etc are going to want to know where those deposits of USD$s suddenly come from"

Did you know 99.9% of dispensaries are CASH?  Dispensaries have problems with large sums of cash already and LARGE SUMS of cash is what banks see from dispensaries.
Merchants are not 100% crypto.  Please go ask your local tax representative regarding your questions.

[omgnaro]

CannabisCoin dev please check your reddit PMS, its a good idea

[mitchr4]

bought back in at a loss, I have no idea what the fuck is going to happen with CANN at the moment...

[WarrEagle]

Large sell wall is going to get eaten alive. That is certain...someone dumped earlier this is a just profit taking now.

[hugabase]

Large sell wall is going to get eaten alive. That is certain...someone dumped earlier this is a just profit taking now.

the BIG Holder Dumper ready to work..!!! be carefull

[cevarius]

Law enforcement can't stop cannabis transactions where it's legal. The problem lies in the federal government where all sales of marijuana are still deemed illegal. Crypto helps to solve that problem by trading cannabis for a token. If the token is worth what you're trading for, you can sell that token and the sale of the token is not illegal under the eyes of the federal government.

First thing that comes to mind that could throw government wrenches into the mix are state/local sales/property taxes and federal income taxes/employment taxes.

Can't pay any of the above directly with CANNs, so they'll have to be exhanged to USD$s. But, IRS/State/etc are going to want to know where those deposits of USD$s suddenly come from.

How do businesses and small towns handle reporting income/wages/etc when using specialized local/community currencies?

/not an expert of state/fed taxes, income/wage reporting, nor alternative currencies in the analog world

Thank you,

lol "IRS/State/etc are going to want to know where those deposits of USD$s suddenly come from"

Did you know 99.9% of dispensaries are CASH?  Dispensaries have problems with large sums of cash already and LARGE SUMS of cash is what banks see from dispensaries.
Merchants are not 100% crypto.  Please go ask your local tax representative regarding your questions.

Ok, no need to laugh at me. I'm just wondering, because as a small business owner I know the hassle of keeping up on the mountain of various income/property/employee taxes from fed down to local, and how quick they are to jump on me for the smallest error or delay or just because. I just imagine the hurdles are much higher for such a highly regulated business sector, and one that's illegal (but still reported and taxed) at the federal level.

Asking my local tax representative is moot, considering I'm in a non-MJ/MMJ state.

Perhaps taxes aren't an issue in the MMJ business. Sorry for bringing it up.

[WarrEagle]

There isn't enough buy support for a big holder to dump more than a few BTC. Do you not see that? It makes no sense at all, are you a noob? 3.5 BTC of buy support would hardly do anything towards a 20 BTC investment.

Go learn what trading is really about will you please.

[corather]

There isn't enough buy support for a big holder to dump more than a few BTC. Do you not see that? It makes no sense at all, are you a noob? 3.5 BTC of buy support would hardly do anything towards a 20 BTC investment.

Go learn what trading is really about will you please.

Okay.

[natmccoy]

Cevarius - He's probably just a bit sensitive about practical matters that could raise concern in the market. I'm sure he's thought about all this as he has a lot riding on it. If there's too much FUD and CANN doesn't make it he'll be selling that sweet juicy bud at quite a loss next week, so he quickly laughed off your concern. But you raise valid points, the MMJ industry is rather tricky at the moment.

WarrEagle - #1 on Bittrex with 250 BTC of volume, and a lot of energetic buy support. A 20btc order may seem massive when you are looking at the order book, but it's nothing that can't be eaten through in a few hours (look at the 30,000 btc wall on Bitstamp a week ago, when there is demand, people buy right through walls). Besides, who's to say they won't remove the wall when they realize the market is heading aggressively upward.

[minerjoen]

Woww..to many wallet have a lot CANN, it's so dangerous because anytime price CANN can be DUMP

Yeah the most important is to get the right price and get that stable. This coin is already accepted in the real world as a payment system. We should respect that.
I also dont believe that the whales will sell. Buy and sell or sell and buy is always good if u do it in small amounts

This coin is not a coin to get euro's with, but to get cannabis and other goods in the fysical stores. Ofc buy with euro's or sell for euro's is also not bad, its the peoples choice, but again its important to do that in small amounts ( at least the selling )

And even if whales want to sell, they dont do it for a lower price then it is. They will do it for a higher price with results that the price for 1 coin get more higher.. So that's also good for this coin

I finally see positive things in a coin after bitcoin.. This is 1 of the best alt coins already, i'm happy i'm into this coin since day 1 and ofc it's still not to late for new people.

[CannabisCoinDev]

Just wanted to give shout outs to another innovative Arizona based creation.

http://americangreen.com/american-green-to-deploy-newest-version-of-zazzz/