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WATCH RELATED VIDEO: The Cryptocurrency for Cannabis $TANGI - Tomorrow's Token, Today!

Crypto May Help Multibillion Cannabis Business Where Banks Can't


PotCoin provides blockchain payment technology and ecosystem solutions to empower the Cannabis Industry. Since , PotCoin has been at the forefront of the financial, structural and ideological revolution the has shaped the global cannabis industry as we know it. Learn more. Thank your customers with a custom reward and loyalty program. Increase customer spend, driver referrals, and keep them coming back over and over again. Our network and community are all about growing and helping each other grow and connect.

Get paid quickly, electronically and with little to no fees from anywhere in the world — as it should be. The PotCoin Network connects you to partners who will help you accept and make electronic payment, lower your security risk of carrying absurd amounts of cash. The legal market is full of regulations, compliance and other complexities. Get ahead of the game and make seed-to-sale tracking an automated compliance task through a time-stamped, open-source and auditable blockchain so you can focus on growing your business.

Transparency is the foundation of the PotCoin Network since and is open for innovations to build on and using our code. Integrate with the PotCoin Network as much or as little as you want based on the solutions that you and your business needs. Deploying effective solutions to big and complex problems in an indsutry that has been facing an uphill battle since birth. Community has always been at the core of the PotCoin Network and will forever remain its biggest strength and asset.

Buy PotCoin Explore Ecosystem. PotCoin is migrating to Polygon — swap go live is available now, read on for details! PotCoin is leading the legal Cannabis revolution Since , PotCoin has been at the forefront of the financial, structural and ideological revolution the has shaped the global cannabis industry as we know it.

Powered by the PotCoin Network. Solutions spanning the legal cannabis industry. Unparalleled Customer Loyalty Thank your customers with a custom reward and loyalty program. Access to a financial network Get paid quickly, electronically and with little to no fees from anywhere in the world — as it should be. The Future of Supply Chain The legal market is full of regulations, compliance and other complexities.

Driving innovation in the cannabis industry. Open source. Truly Decentralized. The PotCoin Network is amongst the most distributed networks in the distributed ledger space. The PotCoin Network is available and accessible from anywhere in the world.



Bitcoin mining scam: Police raid alleged cannabis farm but find banks of computers

Due to federal legislations, majority of cannabis-related businesses and companies are still having the biggest challenge of utilizing the banks for their transactions. Cryptocurrency is generally a big help for the cannabis market or to those individuals who wants to purchase pot and carry out weed transactions. Bitcoin is the main crypto that popularly dominates the virtual space and how does Bitcoin actually work is an exciting thing to learn. Yet, there are alternative cryptocurrencies that penetrate the weed industry offering specific pot transactions.

Bitcoinist spoke with CSO Kevin McKernan, who company Medicinal Genomics has successfully put cannabis strains on the Bitcoin Blockchain.

Billionaire Launches First Cannabis-tied Cryptocurrency and Global Hemp Exchange

The Bank also operates SWX Coin , a cryptocurrency based on Bitcoin's blockchain with single unit pricing is pegged directly to the median global price of premium hemp flower. The Swissx Global Hemp Exchange will also provide the entire industry with a secondary market where futures and other trades can be made based on its global market analytics. Douglas, who is also known as the Founder and CEO of his social and environmental impact non-profit, the Global Lifestyle Group, has already been acting as a Caribbean business development consultant for Swissx. The Swissx Bank of Cannabis and the Swissx Global Hemp Exchange will soon name a Caribbean capitol as regional headquarters from a shortlist of competing offers. The international cooperative, which is growing quickly across the Caribbean, was set up to keep up with the demand for Swissx Hemp Flower products, and provides proprietary hemp strains, training, and a guarantee to purchase all crops grown by its participating farmers. Swissx, the first company to take safe, legal, CBD products into the mainstream, has recently developed a massive international cooperative farming operation with acres already planted in California and Puerto Rico, and more acres under contract across the Caribbean. Swissx CBD products are distributed globally in premium health food stores, doctors offices, and in mass market outlets such as convenience stores.


The Time Is Now

cannabis bitcoin

Click this link to enter You get additional points for joining Discord, following on FB and Twitter, […]. I ended the last lesson with a problem: identifying statistically uncorrelated assets like stocks or cryptos turns on an assumption, namely that past history will repeat in the future. But why should it? Lesson 2 Statistical v.

During a May 18 raid in the U.

Top 4 Marijuana Cryptocurrencies

Cannabis is still illegal at the federal level, which poses a variety of challenges for any cannabis operations attempting to conduct financial transactions even in states that have legalized pot. Not only that, carrying large amounts of cash poses huge security issues for dispensaries. However, cryptocurrencies are providing solutions to some of these problems and making it easier for cannabis related businesses to carry out transactions. While Bitcoin has become widely popular, there a few alternative cryptocurrencies that are designed just for the pot sector. Here are a few currencies that aim to make business easier for cannabis businesses:. PotCoin POT.


Kids these days: Nine teens cited for buying cannabis with cryptocurrency

The mine — located in an industrial unit on the outskirts of the English city of Birmingham — was stealing thousands of pounds worth of electricity from the power grid, West Midlands Police said Thursday. Police searched the unit in Sandwell on May 18 on the back of intelligence that led them to believe it was being used as a cannabis farm. Many people were visiting the unit at various points of the day, police said, adding there were numerous wiring and ventilation ducts visible. A police drone also detected a lot of heat coming from the building. These are all "classic signs" of a cannabis farm, police said. However, officers found a bank of around computers and zero cannabis on entering the building. Bitcoin miners use purpose-built computers to solve complex mathematical equations that effectively enable a bitcoin transaction to go through. The miners are rewarded for their efforts in the digital currency.

Summary of the Changes Observed in Canadian Cannabis Cryptomarkets such as bitcoin, that can easily be used to launder money and make.

Sacramento’s Next Cash Crop is Bitcoin and Cannabis

Many companies that have signed an equality manifesto, including pubs, restaurants, beauty salons, and bookstores, have expressed interest in using Maricoin as payment, and supporters hope that the digital currency will be available for trading as early as this year. Its name, derived from a homophobic epithet in Spanish, is a play on words that aims to give financial autonomy to the LGBT community. To some, this may appear to be nothing more than a clever marketing ploy.


The fight to legalize pot is gaining ground. As of June , medical marijuana is legal in 36 states and D. These numbers are expected to grow as more states explore ways to decriminalize the plant. Keep in mind, though, that marijuana is still illegal at the federal level—though there are two bills legalizing it in the House of Representatives—which makes it complicated for anyone conducting financial transactions even in states where pot is legal. The development and use of marijuana-specific virtual currencies have ramped up in order to fill the hole in this market.

A Springfield man has pleaded guilty to distributing cannabis on the dark web and laundering his cryptocurrency proceeds, according to federal prosecutors. The U.

Proponents of the "Long Bitcoin , Short the Bankers" movement now can pinpoint another example where cryptocurrencies might be better than the traditional banking system. A new bill has been introduced in California, where Assemblymember Phil Ting seeks to enable crypto payments for city and county taxes for the cannabis-related businesses. It is estimated that doing so would make the taxpaying process safer for local cannabis stores. If the new bill becomes law, cities, and counties would choose whether they want to accept digital currencies from marijuana businesses, CBS Sacramento reported, adding that it could happen as soon as The recreational use of cannabis is legal in many states, including California, Colorado, Washington, Alaska, Oregon, Massachusetts, Nevada, and Vermont.

Phoenix's independent source of local news and culture. Nick Meyers June 29, AM. Join the New Times community and help support independent local journalism in Phoenix.


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