Bitcoin Donations Debut At Medical Marijuana Research Giant
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,....
Related News
Trees, a California-based medical marijuana distributor, recently has proposed the idea of delivering marijuana kits by air. An idea that certainly is novel and could end up being one that innovates the industry as it becomes more commercialized. The company currently only serves the San Francisco Bay area and accepts Bitcoin as well as more traditional forms of payment through online bank transfers, cash, and credit cards. Marijuana for recreational use is illegal in California, and thus only accepts purchases from people holding medical recommendations by certified doctors. In order to....
It is no secret that the medical marijuana industry in the United States faces an uphill struggle, indeed our readers will remember that we covered the issue in detail recently and discussed how dependence on cash is putting both medical marijuana businesses as well as consumers at a great deal of risk. It is interesting to note that there have been developments in this field and there is now a payments solution at hand for regulated medical marijuana businesses as well as customers. CanPay has recently announced a solution for the legal marijuana industry that has become available to....
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....
As its name suggests, CannabisCoin exists to help sick people acquire medical marijuana. But it does not do so in name only; each CannabisCoin is on track to become redeemable for 1 gram of a cannabis strain grown specifically for the CannabisCoin community. Recently, CannabisCoin announced a partnership with a prominent medical marijuana dispensary in Phoenix, Arizona. In addition to accepting CannabisCoin, the center will also host events to help educate patients about CannabisCoin. At these events, patients licensed to buy medical marijuana will have the opportunity to buy cannabis at....
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....