Australian medical marijuana & recreational cannabis news covering culture, activism, law, products, history, business, event coverage & more.

A cannabis cryptocurrency for the marijuana industry is soaring

The BitCoin of weed, PotCoin, a peer-to-peer cryptocurrency “sponsored” Dennis Rodman's trip to North Korea
4.92K

A digital cryptocurrency, PotCoin, developed specifically for the legal marijuana industry, is soaring after it sponsored Dennis Rodman’s trip to North Korea.

Potcoin’s value soared almost 97% to over 18 US cents on Tuesday after Dennis Rodman was photographed wearing a Potcoin T-shirt as he arrived in North Korea.

Potcoin was specifically developed to remove the need for cash transactions between marijuana consumers and dispensaries.

Marijuana is illegal under federal law, so the majority of US banks won’t take cash or open lines of credit for marijuana businesses.

Read the full article on businessinsider.com.au

The sponsorship of Dennis Rodman’s tour of North Korea could prove to be a genius move by the marketing department of the emerging cryptocurrency, PotCoin, which is described as an ultra-secure digital cryptocurrency, network and banking solution for the $100 billion global legal marijuana industry.

In a time where interest in both cannabis and the secretive state appears to be at all time high, sending NBA legend Dennis Rodman traveling for his fifth time to the Communist country with the PotCoin logo emblazoned across his shirt as the world’s media awaits, offered short term gains to savvy investors, who benefited from renewed interest in the cannabis cryptocurrency.

UPDATE: PotCoin, the digital currency for the legal marijuana industry is plummeting a day after it sponsored Dennis Rodman’s trip to North Korea.

This information on this site is for general information purposes only. It is not intended as financial or investment advice.