7A Testing the Hypothesis Pt 1

Many Marijuana Dispensaries no longer have a means of depositing their revenue into a reliable bank or even getting a line of credit due to the stigma surrounding the drug that they sell.

If I open up a crytpobank allowing Dispensaries to deposit their saving in the form of cryptocurrencies and exchange goods and credit online, which can then be relegated into cash via Bitcoin many dispensaries will be able to have a means of safely guarding their cash while diversifying their revenue through investments and credit.

Interview 1

Dispensary Owner

Who:After my interview the owner of the Dispensary did tell me that most people roughly 75% were in need of this concept or some permutation of it as there is nothing currently available
What: The downside is that the only people who are actually in need of this idea are those that own dispensaries, farmers and other independent sellers would have no need for this because they are not registered as a business.
Why: The difficulty is not just the lack of banks but most importantly the culture surrounding marijuana if my hypothesis were to work culture must be changed also many cryptocurrencies are difficult to predict in terms of their value often fluctuating violently.


Interview 2

Who: Investment Banker, works for Hedge Fund, although investment is a primary concern for many with dispensaries and for bankers seeking to invest that money many do not have an issue taking dispensary money as it will eventually be diversified and hardly calls for a new mode of banking especially those dealing with cryptobanks
What: The boundaries of the need however, are that some hedge funds need to use cryptocurrencies in order to expand their financial profiles which would bring many dispensaries that cannot use banks to their financial sectors, two main forms of savings exists those which are kept in banks and the other which is invested many hedge funds, although risky, are willing to take money from large groups of sectors and diversify it.
Why: Many banks have regulations that stipulate what they may due with money and hedge funds are not bound by the same regulations which allow them to dabble crytpcurrency and cryptobanks to grow a new financial sector.

Interview 3

Who: Independent Seller of Marijuana After my interview the owner of did tell me that most people within his line of work would love to have a system for depositing they're revenue and also investing it without the hassle of economic regulation.
What: Many banks will not take money founded in Marijuana revenue also many independent sellers are fearful of police and other government agencies that may pursuit their work.
Why: Lack of defined regulation concerning banks and individuals owners as caused a great deal of confusion as to what exactly the premise for investing these types of revue are.

Interview 4

Medical Distillery Owner
Who: Many medical distillery owners about 50% of them would benefit from a system like this because it will allow them to diversify how they save and invest their money while allowing them to change the cultural stigma around weed.
What: They are able to formulate a broad spectrum base on the cryptomedical web, if multiple dispensaries join, the ability to form a chain-block bank would allow credit to be formulated and investments to be made.
Who: Investment challenges associated with revenue from dispensaries specifically those of medical owners.

Interview 5
Who: Law Enforcement Officer, how would an online banking system operate for law enforcement, surprisingly this idea was suggested originally by members of law enforcement,
Whatby having an online banking system built through block-chain for dispensaries and independent sellers, law enforcement could keep track of who what and where these froms of marijuana are being sold and which is legal and which is illegal.
Why: Keeping track of sales throughout the marijuana community could provide real time data as well as keep track of shipments and routes in which this drug travels, and also formulating a more thorough grasp of what the community looks and operates like.

What I found was astonishing, I had never concerned the Law Enforcement Aspect part of this opportunity but also how this opportunity could cause a great deal of unrest within the dispensary lives of patience as many of them may not be aware of how they're money is spend once they leave the vault of their shops.