Last night I stumbled across an open interview on reddit with the COO of a leading medical marijuana company in the United States. Jonathan Nicolazzo of medicalcannabis.net was answering questions relating to the medical and legal marijuana industries in the US.
My interest was peaked! I wrote in asking:
[–]gynoplasty 3 points 11 hours ago (3|0)
Hi, I have recently become interested (and invested) in Bitcoin and Alt-coins such as Potcoin. I hope that these new technologies can facilitate payments with credit cards in dispensaries without fear of legal reprisal. What are your thoughts on the uses for these new currencies in the legal marijuana industry?
To which he replied:
[–]cannabis_coo [S] 3 points 2 hoursago (3|0)
While our industry is still limited we think its great that alternate currency are possibly going to be accepted so that patients can obtain medicine in legal states. In preparation for this, we will be launching a brand new version of our website www.PotLocator.com which will not only accept alternative forms of currency such as BitCoin but PotCoin as well. For more info I would actually recommend that you visit potcoin.info.
The upcoming acceptance of Potcoin at over 3000 dispensaries as a means to make marijuana and marijuana-related purchases is very exciting news to me!
State governments and the long arm of the federal government have a great amount of influence on the sale of marijuana in states where it has been legalized. Using cryptocurrency to facilitate these transactions is exciting because it gives the government less power over the trade of a plant with numerous medical benefits.
If you are looking to trade or exchange Potcoin, Crypto Rush is a great new cryptocurrency exchange with substantial volumes of Potcoin traded daily. More information about Potcoin can be found at potcoin.info as well as the Reddit Potcoin thread.