There is 92M CANN in circulation now. That's 92 tonnes of marijuana at 1 CANN = 1g rate. Does anyone believe these can be EVER exchanged at least once?
There aren't that many buyers in Arizona. Medical marijuana purchases are limited I believe, so having thousands of dollars worth of CANN makes no sense as you can't purchase
that much marijuana anyways with it. At least to my understanding. So this means CANN will be like a discount voucher for marijuana, it won't reach the same value as a gram of MJ [say $10],
but it will increase in value greatly as it can be exchanged for that amount in a specific location. So I'm guessing we may see $.50+ a coin.
I can go daily and it will be worth to me. Again I spend $400 a month on MMJ. So for me I can't lose unless the strain is shit. HWC has good buds last time I was there. Also I get it for my Daughter in law about same amount. Do to some thing she can't/doesn't want card. Job law etc. I bet every card holder buys for at least two or three people. Cards cost about $250 - $300 not cheap. Lot of folks scared job will find out.
I think it is like 60% of cards are in Scottsdale where the money is.
Remember what Ty said. It is about the community.