Colorado Marijuana Dispensary Uses Bitcoin to Evade Federal Laws

“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.  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.  A somewhat bigger problem for dispensaries lurks in federal law. They cannot accept credit card payments, so all purchases must be in cash – or bitcoin.”

http://www.coindesk.com/colorado-marijuana-dispensary-bitcoin-evade-federal-laws/

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