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Recreational Cryptocurrencies

Updated: Sep 16, 2020

As of June 2019, 33 states have legalized cannabis which is still federally illegal to smoke and consumed. This makes it hard for anyone to conduct financial transactions, weather it is selling bongs, or herbs for smoking without jumping through legal loop holes.


Why Marijuana Cryptocurrency?

Cryptocurrency operates independently of the government. Popular "Pot" coins include:


Potcoin - One of the first cryptocurrencies designed to solve the banking problem for all legal marijuana smokers. Potcoin was first design to capitalize in the legal successes of Colorado Cannabis.


Cannabiscoin - Created a few months after Potcoin with a goal to be able to convert cryptocurrencies directly into marijuana. The exchange rate goal is to be 1 CannabisCoin for 1 gram of medication


DopeCoin - made with the "mission to provide marijuana enthusiasts with a modern and secure way of doing business for the 21st Century.


Hempcoin - This coin was created with the farming industry and dispensaries in mind. The website mission states to "facilitate transactions between marijuana farmers and the local dispensary shops"


Cannacoin - is another smoking crypto devoloped in 2014 to facilitate "cannabis production, seed production, extract production, glass blowing facilities, vape and dab station manufacturing, crypto development, and more"


Marijuana Cryptocurrency Use Cases

With the delicate line cannabis state adoption is growing it can be complicated to pay for such services electronically at Headshop or recreational shops without the use of cash. This ranges from purchase of the drug itself to purchase of bongs and smoking devices.


Purchasing Cannabis


In most states you must carry cash on hand to buy recreational cannabis. The use of Potcoin or Hempcoin empowers users to make purchases electronically.


Online Headshops


Online headshops run the difficult task of being able to accept digital payments by inferring that their goods are for "smoking tobacco use only" this puts huge pressure on glass makers, and seller of bongs to be able to accept payments in a legal manner. One such example would be these girly bongs, which are glass bongs for smoking use. But can be only for smoking by tobacco girls to be able to accept electronic payment legally.



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