Let me ask the obvious question here -- why in God's name do you need a cryptocurrency to pay for marijuana, when it's legal? Why not just pay for it with fiat? You'd think the essence of marijuana cryptos would be to keep transactions under the radar. What is the point of a "weed" coin once it's legal?
Is it just so the pot heads can feel like they have some grip on, or portion of the crypto community? You can toke up, play video games, eat cheetos, and proclaim your blockchain prowess!
I don't get it.
I think one important thing to note is that even though marijuana may have been legalized by the state, it is still illegal on the federal level (at least in the US). There are plenty of web-based businesses in the marijuana industry that can't necessarily work with cash, and the hazy state of legality may put a number of people off from using credit/debit so cryptocurrency fills that gap nicely. So while it may not be completely necessary, I think it's a good layer of security for something that's still possibly very risky.Is it just so the pot heads can feel like they have some grip on, or portion of the crypto community? You can toke up, play video games, eat cheetos, and proclaim your blockchain prowess!
I don't get it.
Also, a few of the weed coins are setting up platforms for marijuana businesses that get shunned by more "mainstream" platforms. They can't advertise with Google or Facebook, so DopeCoin's Smoke Exchange could be a great option for them.