Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POT] PotCoin Launches Today 01/21 @ 4:20
by
Viceroy
on 28/05/2014, 04:08:29 UTC
, excluding marijuana,

What?  I thought potcoin was supposed to be the solution for dispensaries banking problems.  

Are you saying potcoin isn't the solution to the banking problem?  

Why is the dispensary not accepting potcoin for weed?

Is it because you might be found guilty of money laundering?





Two more entries into the "marijuana banking" biz:

http://www.marketwatch.com/story/gold-coast-announces-merchant-bank-services-to-the-marijuana-industry-with-the-launch-of-mj-merchant-2014-05-22?reflink=MW_news_stmp

http://www.knpr.org/son/archive/detail2.cfm?SegmentID=11210

It's the choice of the dispensary whether or not to accept cryptocurrency for legalized marijuana, and since both are very new they have decided to spend more time evaluating the option. We are working closely with the industry to ensure complete compliance with the laws now and in the future. Again, please have patience. We are working within two relatively new industries where laws and regulations are adapting and evolving and a cautious approach is necessary both for PotCoin and the companies we serve.

Regards,


Russell Thomas


What portion of their business is non-marijuana?  I can't imagine it's more than 3% of their total sales.