Bitcoin and bud are a match made in liberty heaven. They are perfect examples of things people want, but that the state thinks is their job to âprotectâ you from. Two inevitable forces, two civil rights issues. Bitcoin can help the nascent legal marijuana business, and the marijuana business can help Bitcoin. I wrote a piece all about this last month, which I suggest reading titled:Â How Bitcoin Could Serve the Marijuana Industry as Banks Remain Too Scared to Enter.
Now from Coindesk:
Medical marijuana dispensaryÂ 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.
While medical mariijuana dispensaries are legal in the state, they are still federally illegal, which makes it difficult for them to process credit cards. This makes bitcoin a useful alternative for them.
Counter staff at Kouchlock Productions confirmed that the company was now accepting bitcoin. However store owner Scott OâNeil did not respond to questions yesterday. News reports suggest that the store plans to transition to a non-medical licensed retailer when licenses become available. Eventually, it is estimated that there will be hundreds of retail outlets in the state.
Full article here.
In Liberty, Michael Krieger
PlexCoin Founder Gets Jail Time, Fine on Contempt Charge
U.S. and Canadian authorities appear determined to make an example of a recent initial coin offering.
On Friday, a Canadian court ordered a two-month jail sentence against PlexCoin creator Dominic
'Bitcoin Jesus' is 'really, really concerned' about the future of the digital currency
An early bitcoin investor said Monday the digital currency can run higher, but the hype has far outpaced its usability. "I think in the short run it can run up a lot more," Roger Ver, CEO of
Bitcoin has aspects of a bubble, but it's OK to 'play' with it: Economist Robert Shiller
Bitcoin has "aspects of a bubble" but it's almost impossible to know whether it's gone too far, Nobel-winning economist Robert Shiller told CNBC on Monday. Bitcoin has been on a wild ride
Futures Launch Puts Record Bitcoin Highs Back in Play – Yahoo Finance
Digital currency bitcoin begins trading on major exchange for first time in Chicago WLS-TVBitcoin Futures Started So Hot That Trading Had to Be Halted Twice FortuneBusiness Insider Â âCNNMoney Â â
Understanding Futures: A Primer for Bitcoiners
Lanre Sarumi is the CEO of Level Trading Field, an interactive online platform for professionals in the finance industry.
"Study the past if you would define the future." – Confucius
Bitcoin Price Back Above $17k to Set New All-Time High
The price of bitcoin has pushed back above $17,000, hitting a new all-time high on CoinDesk's Bitcoin Price Index (BPI).
As of press time, the BPI had climbed as high as $17,382.64, beating the $17
People are taking out mortgages to buy bitcoin, says securities regulator
Bitcoin is in the "mania" phase, with some people even borrowing money to get in on the action, securities regulator Joseph Borg told CNBC on Monday. "We've seen mortgages being taken out to buy
Two Firms File Bitcoin ETF Applications in Wake of CBOE Futures Launch
Two exchange-traded fund (ETF) providers have filed with the U.S. Securities and Exchange Commission (SEC) to create Bitcoin ETF products that trade in cryptocurrency derivatives.
According to the