Sorry for the dumb question. I was kinda asking to understand the business model. Am I to understand there isn't one or are you seeking to be registered as a charity? Sorry to be blunt, I certainly don't mean to offend.
Thanks again.
To clarify, I'm not involved. I'm just an Aussie supporter.
As far as the business model is concerned ∆9 has a number of grow sites with various portions devoted to commercial and CANNdy production. I would assume other growers who have and are joining the movement would similarly devote some portion in the same way other farmers dedicate some cropping effort to food banks, for example.
As far as dispensaries go, from the OP:
This movement is a way for dispensaries and shop owners to show their appreciation to their patients by donating some medication into the CANNdy inventory.
The movement is about gifting medical marijuana supply and CANN is about facilitating access to that supply.
Charitable status, I don't know. I don't think food bank farmers go for charitable status, do they? I do know that some U.S. of A. states require dispensaries to be non-profit and some of those must by law grow their own product.
Business model? Basically the Yes We CANN movement is in the business of giving.
As far as people buying into CannabisCoin in a big way I believe that is based on entirely different economics.
- It is viewed as unlikely the Feds will reclassify marijuana anytime soon.
- Banks will continue to be too afraid to provide financial services to marijuana businesses.
- Dispensaries already accepting CANN for CANNdy already have the infrastructure to handle cashless transactions via CANN.
- Arizona (and other States) will likely be legal recreational sometime in 2016.
- To avoid choking on cash CANN will become a preferred medium of trade for recreational mj purchases at market rates.
- CANN will therefore rise towards parity pricing.
I believe that is what drives the view CannabisCoin will rise a great deal in value.
So the "pegging" of 1 $CANN per 1 gram of Canndy is based on potential donations from other growers as well as a proportion of D9's crops, and you're not sure how crops are exchanged to the dealer for CANN and in turn how Canndy is exchanged to dealers for absolutely no reveneue at all? What does all this that mean exactly? Guys I'd like to invest but I'm having some trouble finding out exactly what I'm investing in. Speak to me like I'm 5 years old. Thanks again.