New Colorado Marijuana Vending Machines Will Accept Bitcoin
Marijuana vending machines have long been rumored to debut en masse in certain US states, but the first machine that can be accessed directly by consumers was finally unveiled at an invite-only event in Colorado last week. Billed as the first marijuana vending machine in America, the ZaZZZ unit is perhaps more accurately described as the first machine that will not be placed behind a sales counter. It offers a number of novel compliance features, including a driver's license reader and a camera that captures video of users. Photo via Liz Ferron, Montana's Smokehouse. ZaZZZ machines also....
Related News
The next-generation of vending machines is one of the many new frontiers Bitcoin is entering as it slowly becomes more mainstream. This is embodied in the newest, and somewhat historical vending machine to hit the market. The first vending machines to legally dispense marijuana flower buds debuted in the state Oregon Tuesday in Seattle. Legally buy Marijuana in Colorado and now Washington. The ZaZZZ machines, as they're called, are being placed in registered medical pot dispensaries in select areas. This is necessary to verify the cannabis customer's age, and identity since medical....
American Green, a leader in the new legal weed industry, has deployed the world’s first marijuana vending machine. Vending machines dispensing marijuana related products first made their debut last year and have been limited to selling cannabis-infused foods or edibles. But this bud vending machine, like of all American Green’s previous machines, accepts bitcoin. “[Consumers] can legally purchase the goods and must pay in cash or bitcoin since the federal government doesn’t allow debit or credit cards to be used in the sale of marijuana,” said Greg Patrick, a spokesman for American Green.....
Tom Truitt hasn't been in the vending business a long time. But he knows one of the biggest changes taking place in vending machines found in cafeterias and break rooms is the introduction of cashless payment. And while the vending industry is adopting cashless payment and even mobile payment, Truitt has an even more futuristic vision for vending. He sees Internet cloud-based management of millions of vending machines that accept cryptocurrency. Truitt's company, Philadelphia-based Liberty Vending LLC, is developing a software system that manages bitcoin payments in vending machines. His....
At least one marijuana dispensary in Colorado has reportedly begun accepting bitcoin. Colorado's decision to legalize cannabis has been filling headlines for weeks, and the hype is still going strong. Investors have been piling up in the marijuana market, ranging from reputable medicinal marijuana companies to highly speculative penny stocks. The general public seems to be very interested indeed - outside some dispensaries the queues of pot lovers are incredibly large, resembling the lines frequently formed in front of Apple Stores following an iPhone launch. However, there are a number of....
The usage of Bitcoin ATMs and vending machines could increase among marijuana dispensaries, predicts Green Rush Review. In its recent promotional press release, the medical marijuana news website blamed the absence of proper banking infrastructure as one of the major reasons why cannabis businesses would move towards other bankable options such as Bitcoin. It said: "Marijuana businesses are unable to open checking accounts or accept credit cards. They are left without secure options, and are forced into dealing only with large amounts of cash - risking their safety and raising employee....