For whatever reason people seem to be fixated on the "
cost" of donating medicine into the CANNdy inventory so perhaps we should look at a case example.
Let's do one for California because I've already looked up the average dispensary client patient spend, which is $70 per visit. I also use a $10, 1 gram preroll price because it is commonly advertised. Note that this example excludes the value of migrating client patients from cash to electronic point of sale through crypto despite the cost advantage that provides.
Our correspondent, goldengatesgreenest obviously knows the advantages of transaction by crypto because they offer a discount of 15% if the transaction is made in PotCoin.
The
average spend in California is $70 - 15% = $59.50* return to the dispensary.
If, however, they were offering 1 gram of CANNdy in the form of a $10 preroll that they'd donated themselves then the sum becomes $70 - $10° preroll = $60** + 1 CANN return to the dispensary.
It is of course up to individual dispensaries whether they enforce a rule of whole purchase in CannabisCoin to qualify for the 1:1 peg. I suspect they'd be far better off not doing so and simply using CANNdy sales to encourage clients to purchase with CANN rather than cash but it's for individual businesses to decide.
Very obviously there is no disadvantage for goldengatesgreenest joining the Yes We CANN movement over offering 15% discount for buying with PotCoin and in fact they would experience a slightly higher return from the donation into CANNdy inventory model.
I strongly suspect states where average patient spends are significantly higher than $70 would likely charge more than $10 for a reasonable 1 gram preroll so I doubt that percentages would change very much.
The only things which will change are the return from that 1 CANN as usage drives its exchange value higher and I guess the most likely recipients of cultivator donation of specifically grown CANNdy strains would be those dispensaries which already honor the peg through their own donation.
Some people hand-wring and worry whether the 1 gram for 1 CANN model is sustainable, well - simple math says "
Of course it is".
*PotCoin to the equivalent value
**CannabisCoin to the equivalent value
Edited and updated by request:°This is booked as the full retail sale opportunity cost both to simplify the sum and because I don't know the wholesale price or retail markup. While the perceived value to the client is the retail price the direct cost to the donor is the wholesale price (or manufacture cost) actually paid by the donor. As my insistent private correspondent points out the sum is actually $70 - [wholesale cost of $10 pre roll] making the return to dispensary likely ~$63 + 1 CANN or equivalent to a 10% discount.
Additionally the dispensary has the option of delaying exchange of their CannabisCoin until rates are more favorable, thus increasing their return even further and reducing the "cost" of the pegged CANNdy/CANN exchange retail model.
As CANN increases its exchange value the return to dispensary increases and the discount decreases. Should recreational sales and demand drive CannabisCoin toward parity pricing the opportunity exists for dispensaries to subtly adjust the peg by simply increasing the number of grams per day available to patients at pegged rate to restore the discount percentage. If volume begins to clash with legislation in the future the peg may be arbitrarily adjusted to some fraction of 1 CANN per gram, for example.
The bottom line is that the CANN peg is an eminently adjustable and easily affordable discount model for dispensaries to show their appreciation to their client patients and/or attract new business, be it medicinal or recreational where applicable.
