Curious if anyone has a whitepaper or promo pack for CANN that I can forward to potential investors?
Hi John. The question of promo packs is quite reasonably raised from time to time but gets complex very quickly.
The blunt answer is no, there is no such material.
Why? Basically because despite various states enacting legislation to the contrary marijuana remains federally illegal in the U.S. and each state has its own peculiar laws and idiosyncrasies. Worse, federally the U.S. of A. has a distinctly schizophrenic response to state-legal marijuana enterprises. On the one hand you have politicians directing that enterprises should not be prosecuted where state-licensed and on the other you have agencies raiding, seizing both cash and product and federal attorneys prosecuting state-legal dispensaries and grows. In
DeltaNine's words:
I can completely understand some of the constant news requests but keep in mind, there are many factors at play when it comes to crypto acceptance and cannabis in the general public. Cannabis is currently federally illegal and overrides any state laws in the United States. If 'they' do not like a medical marijuana grower, doctor, dispensary, or patient they can shut you down.. simple as that.
The more that ∆9 and his various partners have invested in this venture the greater their risk and federal exposure, consequently they are adopting a much lower profile than was evident until the October event.
There's another reason too, if you think about it.
Crypto and cannabis are two of the most controversial commodities in the U.S. today. That makes CannabisCoin a tempting target for ambitious conservative hopefuls wanting to be noticed, don't you think?
If you have a promotional brochure, what is to stop some eager beaver at the Securities and Exchange Commission deciding that it is a prospectus? Not much of a stretch for federal attorneys to launch a securities case given that speculative crypto traders already incorrectly call themselves "investors".
To protect against that how much legalese would need to be included highlighting the facts that
while CannabisCoin is backed by donated medical marijuana and the intent is that mmj patients can redeem each electronic token, hereinafter referred to as CannabisCoin or CANN, for approximately one gram dry weight or equivalent medicinal marijuana product, hereinafter known as CANNdy, at participating dispensaries and subject to availability of said CANNdy, no right, lien, share or ownership of any part or portion of the growth and/or means of production of CANNdy, nor its means of transport, distribution and/or dispersal, be it wholesale or retail, is implied or conferred upon the holder of said CannabisCoin.I wouldn't be very good at it, would I? You get the idea though, everything has to be tediously, meticulously and legally defined, especially the point that CannabisCoin has provided no funding, provides no financial support for and has no interest or holding in the grow facilities and/or any future dispensaries. In short, CannabisCoins are digital tokens and specifically not shares of any entity of any description.
Is the risk worth the reward trying to produce a non-prospectus brochure? I'd say definitely not. As crops are produced and distributed CANNdy can be advertised as available, then more dispensaries will want to get into the Yes We CANN movement, if for no other reason than to avoid losing patients to participating dispensaries.
That doesn't really help with what you are trying to do though. I'd suggest the best way for you to promote CannabisCoin and the Yes We CANN movement is to quote some of the more interesting portions of the OP. Providing a synopsis of that should be reasonably safe and you can tell your prospective buyers/traders that ground preparation for the first of the outdoor grows began at the end of May so they can estimate when crop distribution might take place.
