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.
If it is limited to Arizona buyers, then the current price is inflated already. You cannot send weed to another state because USPS and other operators are limited by the federal law which prohibits marijuana. No chance of mailing it overseas. By the way, I don't see a reason why other dispensaries would like to accept CANN. They want cash, not crypto.