Quote from: B4zz4 on March 27, 2015, 10:21:39 PM

Quote from: newguy12 on March 27, 2015, 08:47:44 PM

Quote from: YESWECANN on March 27, 2015, 08:22:35 PM

Quote from: newguy12 on March 27, 2015, 08:17:53 PM

Serious question regarding 1 $CANN being pegged to 1 gram of Canndy:

The above is in affect for people carrying medicinal mj perscriptions and only during "Yes we Cann" events.

Is this correct?

At sole discretion of the particpating dispensary or retailer / shop including event vendor or the general public.
Medicine provided by cannabis growers / cultivators to dispensaries or shops for the "Yes we CANN" movement will be for the 1:1 peg.

Ah ok. So... just so I'm 100% clear perhaps you'll indulge me in breaking this down:

- Q: What exactly constitutes a "Yes we CANN" event?

- "Any participating merchant is allowed to participate."
Q: Does the merchant simply purchase $CANN and exchange each $CANN for 1 gram of Canndy?
When?
How?
Obviously before they can sell it for 1 $CANN to their own clients, but I'm just curious as to the logistics.

Thanks.

Actually you have it wrong - it is not just during specified events at all. With the obvious limitations of stock availability it is an everyday thing.

And no, the CANNdy is donated, either by growers or the dispensary itself. See the OP:

Quote

This movement is a way for dispensaries and shop owners to show their appreciation to their patients by donating some medication into the CANNdy inventory.

One of the grow sites is the CANNLab, where strains of CANNdy are under development.

Quote

The Cannabis Coin represents REAL medical marijuana specifically designed and grown by CannabisCoin Marijuana Cultivators.

Mmj patients exchange CANN for CANNdy, dispensaries do not purchase CANNdy with it. As it becomes a more valuable medium of exchange that situation could change for general purposes but as far as I know the intent is always for participating cultivators to donate purpose-grown CANNdy.

Quote

CANNdy is a supply of meds that consists of strains grown specifically for CannabisCoin purchases and/or strains that can be purchased at the rate of 1 Cannabis Coin (CANN) to approx. 1 GRAM of medication.

This of course does not interfere with the use of CannabisCoin for general purchases, which are made at the current exchange rate, not the equivalent of the peg.

TL;DR

No, it isn't event-specific and no - dispensaries do not purchase CANNdy, either growers or the dispensary itself donates it.

Can't be bothered to read the OP, that's why I asked you. Tongue

So wait. Cann donates the Canndy to the distributor for free who in turn trades 1 gram of free weed for 1 $Cann?

Seems legit.