‘First Sanctioned’ Bitcoin POS Tools for Cannabis Hit Cali, Oregon
US cryptocurrency developer First Bitcoin Capital (FBC) has partnered with a merchant processor to enable bitcoin payments for medicinal cannabis at point-of-sale. ‘Completely Sanctioned’ Cannabis Sales For Cali and Oregon. The scheme, finalized for California and Oregon with further states to follow, is “the first completely sanctioned credit card....
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The US Multidisciplinary Association for Psychedelic Studies, hereinafter MAPS, has started accepting Bitcoin donations in a further boost for the cryptocurrency from the marijuana industry. Founded in 1986, MAPS describes itself as a non-profit research and educational organization that develops medical, legal and cultural contexts for people to benefit from the careful uses of psychedelics and marijuana. Donations in Bitcoin can be made using a dedicated form. The announcement is the latest in a series of supportive moves from marijuana entities across the US. In October of last year,....
Colorado, a US state known for its liberal regulation of cannabis, is now going to host the Crypto Cannabis Conference on October 24th & 25th, 2015. The organizers expect the attendance from the best minds in the cannabis industry who will discuss the pros and cons of Bitcoin for the cannabis industry. Inviting the best minds in the Bitcoin world, Crypto Cannabis Conference organizers don’t charge any registration fees. People involved in the legal cannabis business have a lot of advantages if they use Bitcoin, and this conference explores those advantages. Similarly, the organizations....
A Seattle Bitcoin merchant is seeking to move the local cannabis scene forward from cash-only payments by using the virtual currency instead. The aptly-named POSaBIT is currently installed at six outlets in the Washington State capital, with several others beyond. Customers use their credit or debit card to purchase Bitcoin, which is then used to pay for goods at the point of sale. “I saw an industry that was in dire need of a credit solution,” CEO and co-founder Ryan Hamlin, an ex-Microsoft executive, told local news resource Seattle Weekly. “I said, ‘Software has got to be able to solve....
The Crypto Cannabis Conference is holding its second annual conference in Denver, Colorado — where cannabis is legalized for recreational use. Crypto Cannabis Conference Comes to Colorado. The cannabis industry is growing exponentially in the U.S., and this year many states are on the path to legalize marijuana. With this economy now budding, many....
A major milestone was achieved February 26, 2015 when Washington DC officially legalized cannabis for recreational use. Could this historic move in America’s capital also bolster the chances for another disruptive industry, namely cryptocurrencies? DC Mayor Muriel Bowser implemented the legalization initiative that was approved by almost 70 percent of voters back in November, 2014, despite threats of funding cuts, legal action, and even prison time from Congress. Now, DC joins the ranks of Colorado, Washington, Oregon, and Alaska, who all have legalized recreational use of the plant....