GreenMed Launches Cryptocurrency-Based Credit Card Processing App For Legal Marijuana Industry

Cryptocurrency startup GreenMed has announced the launch of its ERC20 token-backed debit and credit card service

CALIFORNIA: Pro-cannabis cryptocurrency startup GreenMed has become the world’s first one-stop shop for electronic payments in the legal marijuana industry. The platform enables customers to pay for legal marijuana with credit and debit cards. Apart from allowing card payment at dispensaries, the platform also allows users to pre-purchase for quick pick-up over its app. GreenMed is the first platform Read the full article…

You May Soon Get Bitcoin-Bought Cannabis Delivered by Drone

MMJ delivered by Drone, paid for with BitCoin

CALIFORNIA: A company near San Francisco has come up with a novel way to deliver bitcoin-purchased marijuana, via drone. Trees, which claims to sell the “highest quality” medicinal cannabis to people holding a medical recommendation, accepts payments in bitcoin alongside traditional payment methods such as cash, online bank transfer and credit cards. A spokesperson for the company confirmed Read the full article…

Medical Marijuana Dispensary Becomes Canada’s First to Accept Bitcoin

Mega Chill medical marijuana dispensary becomes the first in Canada to use Bitcoin.

CANADA:  Mega Chill has become the first medical marijuana dispensary in Canada to accept bitcoin. Since the formal announcement this September, Mega Chill has seen an overwhelmingly positive response from the community, both from patients familiar with bitcoin and customers who had never heard of the digital currency. The relationship between bitcoin and the marijuana industry is long-standing due Read the full article…

These 'Bitcoins For Marijuana' Try To Solve Legal Weed's Big Heist Problem

Their developers promise safety and security -- and they just may change the course of the drug war in the process.

Bitcoin isn’t the only digital currency changing the way we pay for things. Two new cryptocurrencies aimed at allowing people to safely buy drugs — legal or illegal — may provide new payment alternatives to the largely cash-only industries. Their developers promise safety and security — and they just may change the course of the Read the full article…