Potential investor here.
Let's say I own a dispensary in Colorado. I have as much business as I can handle because, well, legal weed.
Why should I accept CannabisCoin?
I like the idea behind CannabisCoin and the peg, I just need to understand why more than just this one dispensary associated with the dev will want to adopt it. Why should I accept a coin and sell my weed at a loss in hopes the coin will accrue in value so I can break even. Why not just use Bitcoin? Or Darkcoin since it has anonymity.
Thank you.
You wouldn't want to accept CANN unless you owned a large percentage of it.
It's an easy concept to copy. I would assume many coins will be coming out soon. Probably with bigger dispensary chains.
I think the long term idea for delta9 is to own a massive 1000 store national chain of dispensaries.
CANN is a global movement. The chances of another coin being able to mimic the success of CANN is slim.
A new coin with bigger dispensery chains? Unlikely, and only possible if it were started by a Government.
That being said, Cannabiscoin is becoming a standard in Cryptocurrency payments.
If a dispensery were to accept CANN, they would want to sell CANNdy and other cannabiscoin products.
Selling their OWN product for CANN is risky at this point, but the benefits will always outweigh the risks.
Cannabiscoin is for patients, not profits.
Patience, patients.
Patients, Patience!