The original mission back in the day for this coin was their OWN specific strain.
not so AFAIK. link?
I talked to D9 personally on skype and over phone in the earlier days of the coin when it was still at 400sat about the mission of CANN. I still have the skype chat transcripts from my talk with D9 on August 6th, 2014.
It's true, I could be totally wrong as I am coming from memory but IMO the original talks were for a strain that they were growing and they were going to distribute seeds to other states as CANNdy transport would be a federal offense.
You want something substantial to think on? How about that you are
already employing a philosophically and financially similar marketing strategy?
But firstly let's deal with the single strain, multiple strain thing and a few of your random statements. Perhaps one single exclusive strain was an impression given or taken during a skype call friend but the OP has always stated in plural, along with donations of any other medical marijuana - hence my highlighting.
What's the difference between me donating some crap mids to the CANN or Cheap stuff loaded with deficiencies like mold, instead of something like the pics.
The best [you're] going to get from something like this is probably some low priced mids because nobody is going to give away their best of their stuff for free.
I would suggest to you that any dispensary donating "crap" will find that doing so is hugely negative promotion and not remain in business for long. Would you give your patients garbage?
Additionally you are probably well aware State marijuana laws do not permit patients to buy marijuana by the pound nor has there ever been any intimation that CANNdy would be available in unlimited quantities, making your statement:
Nope, probably the biggest stack owner will try and use it all for free pot. Not because he needs it, but because he can afford to drop 450CANN on a Pound of Cannabis.
quite absurd and unworthy of an answer.
Now, I get the impression you are strictly operating a web portal so perhaps you do not see any of the advantages CannabisCoin brings to brick-and-mortar businesses but you asked so here's one thumbnail scenario for you:
As background here's a few articles on marijuana dispensaries' cash problem:-
Protecting Marijuana's $2.7 Billion Cash Industry When Banks Won't;
Security Firms Thrive While Cannabusiness Seeks Banking;
Mad Scramble in Nevada After Bank Retreats From Cannabis Industry;
Marijuana cash is problem for Illinois tax collection;
From 'cash teams' to security, marijuana business gets serious and so on... if you are interested in the problem a simple internet search should net plenty of results.
Obviously banks will not provide financial services unless and until marijuana is removed from Schedule I and becomes legal federally. This means that dispensaries are stuck with handling loads of cash along with the security and insurance costs volumes of cash entails. The solution is obviously a digital point-of-sale system outside the federal banking system but which can be converted to fiat currency at will.
The media has painted Bitcoin as something shady and dubious, belonging to the realm of gangsters, gun dealers and drug lords, something which Fred and Freda Sixpack unfortunately believe. This increases the difficulty of bringing crypto to the average patient. It also allows the anti marijuana brigade to paint dispensaries trying to use bitcoin as shady by association.
How do you get patients to use crypto in the face of that? One answer is to provide high-value, low-cost medication in exchange for purpose-made crypto and perhaps some discount on other purchases also made with said crypto
at full exchange rates.
I would call moving clients from cash to crypto one very real reason to "accept the peg", as you put it. While CannabisCoin is as cheap as it is you can consider it a loss-leader marketing strategy if you cash out immediately or, if you stockpile until broadening use drives CANN toward parity market pricing you could view it as deferred payment. Either way it significantly reduces your cash cost and greatly reduces the opportunity for
employee theft which is unfortunately a major issue.
Of course, if your only business model is built on a web portal then this may not have been a relevant outline for you particularly but I note you already offer a 15% discount for PotCoin sales. Is that because non-bitcoin crypto offers you a cheaper transaction structure? Isn't that merely another inducement to have your client patients use a preferred payment system? How is your blanket discount philosophically different from a loss leader strategy?
In view of your own marketing strategy and assuming you don't "sell crap" for your 15% discount, do you still believe dispensaries will only donate rubbish into the CANNdy inventory?
I firmly believe in what ∆9 is doing and in ∆9 himself, for that matter. I am quite certain CannabisCoin is going to be very big news as crops become available for distribution. Think of the free promotion you'll get if you are already part of the Yes We CANN movement. Why wouldn't you give patients you are already trying to help a near-free gram or two or even three per day or week to encourage more patients to use crypto? Absent monumental changes in federal and banking industry policy and laws CannabisCoin is going to be used more widely and increase in price which will reduce the cost of such a loss leader strategy.
You say that you want to help veterans and donate some medication. Great! Donating what you can into the CANNdy inventory is one way of so doing. How much you donate and what daily/weekly limit you put on the pegged supply is entirely up to you.
Remember too that the
average dispensary spend in California is $70. Guess what? If your CANNdy donation were to take the form of a single $10 1 gram preroll that's a discount of just over 14% minus the return you get from 1 CANN. Do the math. Honoring the peg need not be an expensive proposition for the dispensary at all. For your situation a limit of 1 gram of CANNdy per patient per day at peg would average out cheaper than your 15% PotCoin discount and actually be more profitable if you stockpile and delay cashing out. Even as a web portal rather than a brick-and-mortar business there is still advantage for you being part of the Yes We CANN movement.
I assume profit, additional marketing strategy and significant free promotion on the horizon are substantial enough for you to think about. I hope that profitable businesses will gift medicine to needy patients but as you can see there is a hard-headed business case to be made for donating medical marijuana into the CANNdy inventory. Think on that.
Edited for typos
