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    Author Topic: MaryJanecoin LLC The Bitcoin of the Cannabis Industry and Community  (Read 338898 times)
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    Verias
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    November 02, 2015, 10:33:40 PM
     #3501

    any updates here? With all the states in USA seem to be jumping on board with legalizing seems the opportunities are endless with the right connections.

    Sorry for the wall of text directed at your post, it is more a general post than a direct reply, some of it is related some isn't

    Not really .

    Bitcoin at the stage it is currently would have no chance of adoption by the cannabis industry on a whole.

    the banks already treat them extremely badly with many extreme hurdles. Adding another medium that is also frowned upon by many banks just doesn't make sense at all, why go from 1 thing the banks dis like to another?

    Liquidity is also another huge factor, the amount of money they make daily just in a single state would completely screw up the price and cause bitcoin to be much more volatile than it has been , even possibly causing downward pressure , especially with multiple states all store owners every month needing to pay employee's or every week, having to sell bitcoin to buy producs/stock , having to sell bitcoin to pay taxes , having to sell bitcoin whenever they intend on expanding, some of these expansions value in the multiple millions, being dumped on the market in 1 go most likely since they cant spend the next week slowly selling off millions of dollars worth of bitcoin when they need to pay a large assortment of people or many different jobs to get building their expansion plans.

    .......


    Thank You . Im very impressed as you put it perfectly.
    Just finished painting my fiancees new credit union location. It's very nice to come home and see this post.

    It was very nice to read this.
    Thx for your post.
    Glad i'm holding a nice amount of maryJ  for the future.
    Will keep following how this  works out.

    keep up the goodwork and goodluck
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