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Today continues the bearish market trends, BTC is not doing so hot these past few days/weeks.
Today we talk about POTcoin (POT), HempCoin (THC), and DopeCoin (DOPE).
3 of the almost 10 marijuana industry cryptocurrencies. What is the purpose of a marijuana industry cryptocurrency you ask? Well, right now, the way legislation in North America is for US and Canadian citizens to start up marijuana related small business enterprises’ they are currently faced with a number of roadblocks erected by banks and the government to stop any commerce surrounding this lucrative and booming industry.
Enter PotCoin (POT) in 2014 with the first marijuana dispensary in Colorado and eventually California, and now almost 10 states are on board with the revenue rich marijuana industry. With the Canadian Government opening their own liquor-like cannabis establishments coming in July of 2018, I imagine there will be significant price movement in the top 3 marijuana cryptocurrencies, POTcoin (POT), HempCoin (THC), and DopeCoin (DOPE). I imagine prior to the new laws in Canada the prices will run up in anticipation, and subsequently continue their rise throughout the remainder of the summer as the overall cryptocurrency market will likely be on a big bull run – hopefully cementing the current bitcoin (BTC) prices as historically low and never to be seen again!
Time will tell, as with most things, if PotCoin (POT) or HempCoin (THC), or DopeCoin (DOPE) can retain any of their utility once legalization comes – that is if banks and lending institutions open their doors for small enterprise to establish themselves. If they refuse to allow business loans or financing of marijuana related commerce then PotCoin (POT), HempCoin (THC), and DopeCoin (DOPE) will skyrocket to prices unimaginable. You’ll then be able to reflect on this video and thank me later 🙂 I also intend to check back and follow up to this video sometime in July when the Canadian Government rolls out their dispensaries.
At the end of the day, I will personally be here for the entire duration of 2018 and beyond – bringing you the price of bitcoin (BTC) and relevant Cryptocurrency News.
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