Marijuana for Bitcoin – now in Washington
Followed by Colorado, people in the state of Washington now can buy marijuana using Bitcoin. This service now provides of dispensary Kouchlock Productions. Dispensary opened on February 3 in Spokane in the northwest of the state. According to the managers of dispensary, they already have sold the drug in several Bitcoin transactions.
In Washington, the sellers are faced with the same problems as in Colorado. The main problem lies in the federal law. Dispensaries cannot accept credit card payments, so all purchases must be in cash – or Bitcoin.
In Washington State, medical dispensaries were legalized in 1998, under initiative 692. This allows dispensaries to sell the drug to patients with terminal or debilitating medical conditions including cancer, HIV-positive status, hepatitis C. Revenues from marijuana sales, both legal and illegal, amounts to around $1.2bn a year in Washington state.
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Source: http://ecurrency.ec/2014/02/marijuana-for-bitcoin-now-in-washington/?utm_source=rss&utm_medium=rss&utm_campaign=marijuana-for-bitcoin-now-in-washington
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