Re: [ANN] CannabisCoin [CANN][X11][Official][420] Developments & Discussions.

So let me get this straight. If I buy 1 Cann for 6 cents, you guys are going to exchange it for 1 gram of actual marijuana at your store in 3 days from now?

That seems to be the deal yes.

How is this even possible?

The Herbal Wellness Center is required to electronically report the financial details of ALL medical marijuana sales to the Arizona Department of Health Services immediately upon completing the transaction inside the dispensary.. (Presumably to keep track of dispensaries' income for tax purposes)

That leads me to that point.. The Herbal Wellness Center must also pay taxes to the State of Arizona, and the City of Phoenix as well. But geez those are far from the main concerns if the value of the transaction reported to the Arizona Department of Health Services is only 6 cents.....

The real question is; How in the fork is the Herbal Wellness Center going to turn a profit selling grams of medical marijuana for 6 cents???

I MUST be missing something!!

And when they say I can exchange 1 CANN for 1 gram of medical marijuana, does that imply ANY medical marijuana of any quality??? Cause HOLY COW, if that's REALLY the case then this is an AMAZING deal for patients! But surely any of you could understand my skepticism, right?

Thanks and lots of love!

Whats up brethren!! Im pretty sure there is a specific strain to be bought with CANN (CANNdy), so its only that strain...as for the Taxes...dude...crypto is wayyyyyyy wayyyyyyyyyyy wayyyyyyyyyyyyyyyyyyyyyyy easier to keep thorough records than non-crypto transactions...ITS ALL ON THE BLOCKCHAIN...this is one of the reasons merchants should adopt crypto in general!!!

I've never owned a dispensary before but i imagine their normal profits will more than cover any "loss" by giving patients a cheap alternative...and its only 6 cents right now....as we speak...it could be a $1 tomo....and then $5 the day after....so yea....i wouldnt worry about Delta9's team losing money here
Jah Bless

InfiniteRadio,

Thanks for the comments friend!

I can only by the CANNdy strain of marijuana with my Cannabis Coin?!?!? So what if the CANNdy strain is just awful and/or contaminated? If I can only exchange 1 CANN for 1g of garbage, that's pointless.

Furthermore, as I understand it the CANNdy strain is something that is grown and produced by DeltaNine.

So YES, any dispensary can choose to accept Cannabis Coin, but only if the Dispensary buys the CANNdy strain from DeltaNine.. Huh

So every single dispensary would have to buy DeltaNine's marijuana to accept CANN? Sounds suspect.

Even if that weren't the case and you allowed each participating dispensary to choose which strain is their house CANNdy strain rather than forcing them to buy D9's strain, the dispensary is just gonna choose the middle grade marijuana instead of their very best strain as the CANNdy strain.

I just see no incentive for a dispensary owner to allow a patient to exchange 1 CANN for 1 Gram of their very best marijuana, rather than sell that gram of marijuana for $25 USD cash.

And furthermore, I don't think 1 CANN is going to get you 1 gram of HIGH GRADE marijuana. I'm sorry if I sound like a pot-snob but I don't want or need 1 gram of low or mid grade marijuana. Real OG is what we vaporize in this house.

Thanks

Honestly, yes you are being a pot snob. Not every patient needs the "best" like you do. Gathering from your posts, it sounds like you have taken this further than medicinal purposes... You have false information in this post as well...

Thanks for the comment

I freely acknowledged that I might be a pot-snob.

I'm not sure what it means to take this further than medicinal purposes.. My Crohn's Disease hasn't gone away, if that's what your asking.

But YES I do love and appreciate fine marijuana and dislike low quality schwag. Depending on who you ask, taking your medicine and smiling could be construed as recreational use and not medical use. I do enjoy taking my medicine though. You can form your own opinion on that one.

And yes, my body surely has become more used to cannabinoids and over time. I do require high quality herb to reduce the inflammation when it gets REALLY REALLY bad.. Sadly, the lower quality stuff just doesn't help me feel better. From my perspective, I wish it did because I could spend a lot less money to feel better...

With all that being said, I probably will buy some Cannabis Coin to see the quality of marijuana that can be purchased with 1 CANN.

For the sake of my Crohn's Disease, I genuinely hope and pray that I can begin obtaining my medicine for 6 cents. I am obviously still skeptical though.

Thanks for keeping an open mind!