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.
That's what I'm trying to understand. What value CANN brings to other dispensaries. With one dispensary accepting CANN, the supply AND demand won't be there despite the psychological peg. If someone can share with me what I'm missing, I'm ready to invest heavily as I love the idea.
You could purchase CANN at current rates...resell it at a rate that is not a loss by selling crypto laminated paper wallets or cool ass high tech aluminum wallet ids. Sell them to patients in store. Most of your customers dont use crypto ....yet...this is another nice way to get them involved. I think that is the plan all along. Example sell a 3 CANN wallet in store for $6 or $8 a piece then let them use the paper wallets to purchase the weed. Reload, Rinse, repeat. #profit