Quote from: flapman1 on October 17, 2014, 06:24:41 PM

This fellow has a valid point: just because someone isn't blowing smoke up your arse doesn't mean it is FUD.

Also, here's something from the Arizona government website about medical marajuana:

http://www.azleg.gov/FormatDocument.asp?inDoc=/ars/36/02806-02.htm&Title=36&DocType=ARS The key bit is:
The amount to be dispensed would not cause the registered qualifying patient to exceed the limit on obtaining no more than two-and-one-half ounces of marijuana during any fourteen-day period.

With such small amounts over so much time are there enough buyers to hold up the market for the coin? Remember, to buy marajuana in Arizona you need a special card from the state.

There are 50,000 people with this card in Arizona, 35% actually buy pot at dispensaries and how many of that lot will both a) be into crypto and b) buy their pot at Herbal Wellness? And if it is true the dispensaries compete why would others take the Herbal Wellness Cannabis coin?

Just some real questions here rather than rockets and moons and such. I think this is a capital idea and have a plan to invest but it is getting to the point where a significant investment takes more than fun money ...

Quote from: nukefxr on October 17, 2014, 06:05:51 PM

Quote from: az420 on October 17, 2014, 05:37:03 PM

WTF???

So, can we all agree that UNLESS more dispensaries start accepting Cannabis Coin, this is just a glorified sales promotion created by Herbal Wellness Center?!?!?!?!?

The person who created the Cannabis Coin also owns the Herbal Wellness Center... So if you think your buying a Cannabis Coin, your actually buying a gift card to the Herbal Wellness Center.

If you mined your Cannabis Coin or if you mined Bitcoin and exchanged it for Cannabis Coin, then you actually just mined a gift card to the Herbal Wellness Center. This does seem like an awesome deal, as I can now essentially obtain medical marijuana without having paid any money whatsoever.

For those of you not here in Arizona, let me inform you that Arizona's medical marijuana community is VERY VERY divided right now.. DeltaNine seems to be painting a different picture for you in an effort to promote the Cannabis Coin..

The medical marijuana dispensaries don't support the legalization initiative that's coming to Arizona in 2016, which has created tension between dispensaries and patients. The ridiculously high prices at dispensaries in comparison to the prices at the Medical Marijuana Farmers Market as created even more tension between dispensaries and patients.

Furthermore, the dispensaries in Arizona do NOT work well together. Rather, most dispensaries grow a specific desirable strain (OG Kush) and then ensure that THEIR dispensary is the ONLY store with that strain. This is because unlike other states, Arizona does not permit PATIENTS to sell medical marijuana directly to the dispensary. Rather, each dispensary must grow their own medicine OR buy medicine from other dispensaries instead. So essentially the best strains with the best genetics are in the hands of the patients, and not the dispensaries.

So if your a dispensary in Arizona and you want to generate a large profit, it's actually in your best interest to not work with other dispensaries and to discourage patient-to-patient sales.

The assertion that Herbal Wellness Center is the "Biggest dispensary in Arizona" is complete hogwash!! The dispensary itself is quite nice inside, but it's located in a HOOD part of town. This isn't a Scottsdale dispensary, folks. Phoenix is quite segregated unfortunately, and this dispensary is located in a part of town that is inhabited primarily by illegal immigrants from Mexico.. The "Maryvale" area of Phoenix (43rd Ave and Indian School) is known for lots of crime, drugs, gangs, and prostitutes. Point being that many patients choose to go to the dispensary in the nicer part of town rather than going to a dispensary in the GHETTO to buy their medicine. (http://en.wikipedia.org/wiki/Maryvale_%28Phoenix%29)

YES, there ARE 50,000 registered medical marijuana patients in Arizona, but there are also 98 other dispensaries as well... A couple of weeks ago, a survey was done here in Arizona which found that ONLY 35% of our 50,000 registered medical marijuana patients actually shop at dispensaries. This is primarily because just recently, the Arizona courts have ruled that patient-to-patient sales of medical marijuana are in fact legal. My point is that unlike most other states, very few patients actually shop at dispensaries in Arizona and opt for patient-to-patient sales or the farmers market instead...

Lastly, the claim that Herbal Wellness Center has been called the "Apple Store of Marijuana" is quite amusing. That claim is clearly being made by the Herbal Wellness Center to promote your excitement for the Cannabis Coin.

For example only;

If "Bloom Dispensary" (another dispensary in Phoenix) decides to accept Cannabis Coin, and then Bloom has a falling-out with the Herbal Wellness Center and later decides to NOT accept Cannabis Coin, all of Bloom's customers will then be stuck with Cannabis Coin that they can't use at Bloom, but can only use at Herbal Wellness Center. Bloom really can't just assume that patients will know how to go online and convert their leftover CANN to BTC or USD, so Bloom will fear that their customers will all then go to the Herbal Wellness Center to spend their remaining Cannabis Coin instead. This is probably reason #1 why other dispensaries will be reluctant to accept Cannabis Coin. The hatred amongst the different dispensary owners is reason #2.

My grand point; Other dispensaries in Arizona aren't going to except the Cannabis Coin because the creator of the Cannabis Coin owns a competing dispensary!!

IF IF IF IF IF IF IF IF IF IF IF IF IF IF, other dispensaries start accepting Cannabis Coin then this will gain some legitimacy. Otherwise, your just buying/mining a gift card to the Herbal Wellness Center.

Thanks and lots of love to all!

Gotta luv the first post of newbee FUD

Thank you Flapman for reading my post!

1) Yes, the "Allowable amount of marijuana" that a purchase from ANY dispensary in Arizona is 2 1/2 Ounces every 14 days. That is to say that you can obtain 2 1/2 Ounces TOTAL every 14 days, NOT 2 1/2 Ounces from each dispensary.

Quote

There are 50,000 people with this card in Arizona, 35% actually buy pot at dispensaries and how many of that lot will both a) be into crypto and b) buy their pot at Herbal Wellness?

2) There are 50,000 people with this card in Arizona, 35% actually buy pot at dispensaries and how many of that lot will

a) be into crypto and
b) buy their pot at Herbal Wellness and
c) not be too OLD or SICK to bother with converting currency

Quote

And if it is true the dispensaries compete why would others take the Herbal Wellness Cannabis coin?

3) I don't think they will. Especially when they find out that said coin is owned by their competitor. This is essentially my primary point.

Thanks again for reading my post