Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Floz - Your Marijuana Brand
by
shojayxt
on 06/04/2016, 16:23:03 UTC
I have a couple of questions. 

On the website http://www.floz.co/#!flozt/gr7t8 it says "1 Floz will give you 1 Gram of FlozT".  How does that work?  A gram of cannabis is at least $10 at any of the dispensaries where I live.  Also, you can't just grow weed and sell it to the dispensaries.  Growers have to be licensed by the state and it's not an easy process and takes a significant amount of upfront capital to comply with the regulations. 

What dispensary is going to accept a cryptocurrency?  They are a cash only business since banks will not deal with them because marijuana is still a schedule 1 drug under federal law.  Why would they complicate their operation by having to convert an altcoin to bitcoin and then to cash when they are already making huge profits dealing strictly in cash? 

There have been many marijuana coins all promising this and that but none of them can be used for purchase at any marijuana dispensary.

I'm not even going to get into the energy drink because that's another can of worms. 

Your plan is unrealistic and will never happen.