17 Cannabis Cryptocurrencies To Get High On
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Get High On These Cannabis Cryptocurrencies
Growers International plans on offering smart contracts. In the future, cannabis farmers will use their smart contracts to finalize electric, labor and supply costs. Costly and timely negotiation will no longer be necessary. And because Cannacoin is open-source, developers can use it to create other applications. For instance, marijuanacoin CannaPay a website devoted to cannabis credit cards and undergoing its own ICO, is connected to Cannacoin’s protocol. Cannasight, another Cannacoin project, lets developers create a variety of open-source applications.
- Though you may not have heard of Bongger, this crypto is aimed at cannabis enthusiasts.
- In June, PotCoin spiked again when pro-basketball player Dennis Rodman wore a PotCoin.com t-shirt to the US-North Korea summit.
- Cryptocurrencies make it easy for those in the marijuana industry to carry out transactions.
- A dispensary wants a cheap and efficient record of sales and point of sale system.
The Rise of Crypto Payment for Pot
NFTs are Non-Fungible Tokens and provide investors an easy and affordable entry into the global cannabis market through this tokenized investment instrument. This peer-to-peer cryptocurrency, which came out in April of 2017, does not have a functioning website, nor a publicly available whitepaper. Currently, the only place to buy Marijuanacoin is Cryptopia. Though Marijuanacoin continues to trade, the website for the Marijuana Coin platform is no longer functional, and their Twitter hasn’t been active since 2017. There can only ever be 294,336,000 of this open-source, PoW-backed cryptocurrency. A measure of how much of a cryptocurrency was traded in the last 24 hours.
- This renegade cannabis cryptocurrency is capped at 200 million.
- Since then, they’ve introduced PotCoin ATMs in Colorado.
- You can run your cannabis business, store medical records and instantly accept payments on blockchain.
- They’re currently working on an app that will let you look up information like strains and cost, locate dispensaries and buy weed with a click.
- This peer-to-peer cryptocurrency, which came out in April of 2017, does not have a functioning website, nor a publicly available whitepaper.
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These cannabis cryptocurrencies will help you do all this and more. The U.S. federal government hasn’t fully decriminalized marijuana for legal bank transactions. Starting with a vision of creating a Silk Road for transactions in marijuana, DopeCoin has approximately 117 million coins in circulation as of June 2024. It is also a proof-of-stake currency, giving investors 5% annual interest. PotCoin was one of the earliest cannabis cryptocurrencies, launched in 2014. Its creators capitalized on Colorado’s legalization of marijuana and installed a PotCoin automated teller machine (ATM) at a marijuana dispensary in Colorado.
At the same time, IBM proposed the use of blockchain as part of the seed-to-sale tracking solution for regulatory control. You can buy TKS, keep it in a Waves Wallet and spend it as currency at certain dispensaries. They’re currently working on an app that will let you look up information like strains and cost, locate dispensaries and buy weed with a click. GanjaCoin is currently listed on MasternodeXchange and Stocks. Exchange and provides their own cryptocurrency wallet.
With a market cap of well over $10 million, PotCoin is the highest valued weed cryptocurrency. CannabisCoin is cryptocurrency designed to making buying medical marijuana easier. This 91,859,176 capped cannabis crypto made waves back in 2014 when dispensaries sold 1 gram of cannabis for one CannabisCoin. Keep in mind that one CANN coin is worth a little over $0.01 USD today.