Medical Marijuana Dispensary Becomes Canada's First to Accept Bitcoin
Mega Chill has become the first medical marijuana dispensary in Canada to accept bitcoin. Since the formal announcement this September, Mega Chill has seen an overwhelmingly positive response from the community, both from patients familiar with bitcoin and customers who had never heard of the digital currency. The relationship between bitcoin and the marijuana industry is long-standing due to bitcoin's ability to offer an alternative to the traditional banking system and its still-prevalent use in online dark markets. In the case of Mega Chill, however, the decision had less to do with....
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Medical marijuana users will be among the earliest users of bitcoin, according to bitcoin entrepreneur Peter Klamka. Klamka's Ann Arbor, Mich. -based company, Bitcoin Brands, has placed a bitcoin ATM machine at one medical marijuana dispensary and is in the process of placing another two in the Grand Rapids area. Klamka's bitcoin ATM machine, made by Portland, Ore. -based Skyhook, provides the customer a QR code which they get scanned at the checkout counter by a clerk using a bitcoin payment tablet. The (payment) technology is like a gift card, Klamka says. Payment Tablets for....
Silk Road may be dead, but in at least one Washington State city, people can still buy marijuana and related products using bitcoin. Medical marijuana dispensary Kouchlock Productions, which opened on Monday February 3, began accepting bitcoin for its wares this week. The dispensary, based in Spokane, is said to already have sold the drug in several bitcoin transactions. In Washington State, medical dispensaries were legalized in 1998, under initiative 692. This allows dispensaries to sell the drug to patients with terminal or debilitating medical conditions including cancer, HIV-positive....
Washington State and Colorado State have become the first states in America to legalize marijuana at the state level. The beginning of green celebrations in the aforementioned states at the beginning of this month led to a satirical piece claiming 37 dead due to marijuana legalization. Many people have applied for commercial licenses from their states to legally grow and distribute marijuana. Concurrently, many followers of legal marijuana news have noted that the majority of legal marijuana dispensaries, medical in most places, recreational in Washington and Colorado, must pay their state....
In a world where cash is king and crime is rife, Bitcoin has come to the rescue of the cash beleaguered medical marijuana businesses. In the United States, marijuana is a touchy subject but there is legalisation of medical marijuana in at least 25 states and the District of Columbia. This new medical marijuana industry has a dark secret though - it is a cash only business. All Terms Cash. In July 2016, the Los Angeles Times covered the cash only nature of pot stores and how they are becoming victims of robberies. They reported the killing of a 24-year old Colorado pot store guard, Travis....
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....