It is true. No lawyers or goats were hurt during PotCoin’s development.
But we did get a lawyer to verify if the Colorado Department of Revenue was ok with legalized dispensaries using PotCoin as a transaction payment method.
Yes, the PotCoin team hired lawyer Rachel Gillette, early in 2015 to help answer this very question.
The offical response from Jim Burack, Chief of Investigations of the Marijuana Enforcement Division of the Colorado Department of Revenue was:
“We have not identified an express prohibition on the concept within MED’s guiding statutory and regulatory authority as it applies to regulated licensees.”
See the email response below from the M.E.D. of Colorado.
With great news like this you can start accepting PotCoin using PotWallet or CoinPayments today.
- Setup is easy!
- Point of Sales Solutions
- Online Buttons
- Geo Locators
- Shopping Cart Functions
- Donations & More!
You can start accepting PotCoin at your store and online using PotWallet.com.
Buy, Sell, Trade all in one location. API’s for developers and more.
You can also add CoinPayments.net at your store or on your website, as a Point of Sales Interface, Simple Buttons, Shopping Cart Buttons, Button Maker, and Donation buttons that accept PotCoins. United States and Canadian merchants now have fiat settlements directly to their bank accounts daily.
Check out the Point of Sales Interface examples here: