Colorado Marijuana Dispensary taps Bitcoin to Evade Federal Laws

CoinDesk
Jan 12, 2014

At least one marijuana dispensary in Colorado has reportedly begun accepting bitcoin.

Colorado’s decision to legalize cannabis has been filling headlines for weeks, and the hype is still going strong.

Investors have been piling up in the marijuana market, ranging from reputable medicinal marijuana companies to highly speculative penny stocks.

The general public seems to be very interested indeed – outside some dispensaries the queues of pot lovers are incredibly large, resembling the lines frequently formed in front of Apple Stores following an iPhone launch.

However, there are a number of problems. Demand has been so strong that many dispensaries are having trouble getting enough marijuana to sell, although this is likely a temporary issue.

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[h//t: ActivistPost]