So you’ve got a little bitcoin to your name but are all out of weed. What you gonna do? Well, if you’re fortunate enough to live in a region where marijuana is legal, there are ways to exchange the two. While if you don’t inhabit such an enlightened area, rumor has it there are still ways and means to get your fix without touching fiat. Here are five options for legally buying weed with bitcoin.
How to Swap Sats for Sativa
Bitcoin and weed go all the way back to the Silk Road in 2011, and the duo remain staples of the darknet. The weed world has come a long way since then, however, with scores of U.S. states legalizing recreational use of marijuana starting with Colorado and Washington in 2012. Today, medical marijuana is legal in 29 U.S. states and it’s recreationally legal in nine. Around the world, 30 countries have legalized medical marijuana, while there are four countries where it is recreationally legal (Canada, South Africa, Uruguay, and Georgia) subject to certain conditions, and dozens more where it is decriminalized.
Unless you reside in Asia, you’re probably not far from a country where it’s legal to blaze up, and are almost certainly near a locale where the authorities have no interest in what you do in your own home, provided you’re not bothering anyone. Failing that, you can at least benefit from the non-psychoactive part of the marijuana plant, by legally purchasing CBD products such as coffee with bitcoin. However, with a number of vendors willing to ship weed directly to your door, it’s possible to swap sats for sativa without leaving the house. Here are five ways to buy weed with bitcoin.
Visit a Physical Dispensary
There are medical marijuana dispensaries dotted all over the U.S. and Canada, while the Netherlands is home to an array of coffee shops that serve the same purpose, with a handful of other European nations following suit. Bitcoin acceptance is very much piecemeal, but if you can find a store that will let you spend sats, you’ll be hooked up for as long as you’re in the neighborhood. Ohana dispensary in Emeryville, California, accepts crypto, and last year was the setting for the first crypto purchase of marijuana by an elected official. A few other dispensaries along America’s West Coast, including Seattle, are also known to accept bitcoin.
Visit an Online Marijuana Dispensary
If you’re fortunate enough to live in a region where weed is legal, you should be able to find an online store that will ship to you. Naturally you’ll need to pass verification checks, which include proving your residence, but once approved, you’re free to order all manner of THC-laced goods, from edibles to smokables. Canadians can get hooked up by Herb Approach which accepts BTC. Current deals include an ounce of Cheese for CA$170 – that’s 40% off – or a half ounce of Violator Kush for CA$87. The store also sells extremely potent shatter hash.
Visit a Seed Bank
If you’re choking for a smoke, this option isn’t for you. Bitcoiners in less of a hurry, however, may like the idea of ordering cannabis seeds by mail, bought with BTC. Dutch company Royal Queen Seeds accepts bitcoin and ships globally. The highly rated store stocks a wide range of autoflowering, feminized, and CBD seeds as well as CBD oil. Choose from such strains as Northern Light Automatic, Quick One, and perennial favorite Amnesia Haze. Bitcoin holders are known for their low time preference. If you can wait 12 weeks, while lovingly tending your crops, you’ll take receipt of some of the finest cannabis known to man.
Visit the Darknet
Technically speaking, none of the darknet vendors selling weed are licensed to do so. Technically speaking, that’s not your problem. If it’s legal to consume weed where you live, who are you to police the sellers and worry about whether their paperwork’s correct and tax is filed? Leave that to the cyber cops. If you can access the darknet, you can find your way to a store that’s stocked with everything you need to make it through long weekends, quarantine, and extended house arrest.
What other methods of legally buying weed with bitcoin have you heard of? Let us know in the comments section below.Australian Bitcoin Trader Sues Banks for Systematic DiscriminationFEATURED | 2 hours agoEx-Real Madrid Football Player Joins a Spanish Lower Division Club in Deal Financed With CryptoFEATURED | 16 hours ago
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by Jamie RedmanMar 24, 2020
Shelter-in-Place for Cash? 2 Bills Submitted by US Congress Mention ‘Digital Dollars’
During the last few days, members of the U.S. Congress have been trying to pen a stimulus plan to help the American economy. Since then, a few bills have been submitted by representatives and two particular proposals House democrats have tabled talk about a “digital dollar” and “digital ledger entries.” Following the submission of the “Take Responsibility for Workers and Families Act,” a revision was filed that does not contain the “digital dollar” section.
Two Congressional Bills Speak of Digital Dollars and Ledger Entries Kept by the Fed
News.Bitcoin.com recently reported on the Michigan lawmaker Rashida Tlaib’s “Boost Act” which aims to give American citizens $1K per month if Congress approves the idea. Tlaib’s concept was derived from the framework behind Modern Monetary Theory (MMT) and allegedly the funding would not cause any debt. The Michigan democrat’s bill is also bolstered by its co-author, Modern Money Network’s Rohan Grey, and bureaucrats like Bernie Sanders and Alexandria Ocasio-Cortez (AOC) approve the act.
Following Rashida Tlaib’s proposal, two more bills have been submitted that offer a similar approach. The “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act” and the “Take Responsibility for Workers and Families Act” (TRWF) both contained phrases and terms that hint at a “digital dollar.” However, shortly after the “digital dollar” section in the TRWF act made headlines, it was removed.
In fact, both bills look like they were authored by the same writer. Just before the “digital dollar” section within the TRWF bill was deleted it read:
The term ‘digital dollar’ shall mean a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve bank; or an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).
World Economic Forum (WEF) head of blockchain, digital currency and data policy, Sheila Warren sent a statement to news.Bitcoin.com about the idea of a “digital dollar.”
“While it is always exciting to see openness to innovation on the part of the United States government, such an initiative would require careful consideration of digital identity and security and would require cross-sector engagement, including from civil society and technical experts beyond the financial system,” Warren told our newsdesk. “The use case for a US Central Bank Digital Currency is not entirely clear, and a CBDC in any country is not a silver bullet solution to the problems of financial inclusion, which are deeply complex.” The WEF author added:
On the other hand, increased digitization of the economy could result in a faster response to stimulus and enable readiness for future crises. Overall, it’s encouraging to see further evidence that the government is paying very close attention to the technology space and exploring fitness for purpose.
Central Bank Coins, Stablecoins, and a Cashless Society
All three bills do not contain language that refers to a blockchain or digital currency like bitcoin. However, the three bills have a lot of people speculating because the past few years the research and development of central bank digital currency (CBDC) has been very popular. Moreover, stablecoins have been thriving as well and people think that a concept like tether (USDT) could help governments like the U.S. leverage a blockchain. Besides the blockchain and cryptocurrency speculation, the digital part of these bills reminds people how the U.S. and much of the world is going cashless. Speculators assume that the current economic storm could be leveraged to reset the entire monetary system toward cashless finances.
Congress is hoping the stimulus package will be fully approved on March 24 and House Speaker Nancy Pelosi told the media there is “real optimism” American representatives can come to a decision on Tuesday. Meanwhile, U.S. citizens are not holding their breath waiting for this deal and many Americans will be pretty upset if politicians bail out Wall Street again.
What do you think about the bills talking about a “digital dollar” and “digital ledger entries”? Let us know in the comments section.