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Breaking News: Dogecoin (DOGE) Soars 8%, But An Uptick In This Metric Suggests A Pullback

Colorado Pot Shops Do $1 Million in Cash or Bitcoin

newsbtc by newsbtc
9 years ago
in Cryptocurrency news
Reading Time: 1 min read
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Pot Leaf WikimediaThis week has been a long-awaited time for stoners in the state of Colorado. Since it’s now legal to smoke marijuana legally in the state, a slew of pot shops have opened their doors today to clients.

Approximately 24 shops have thus far opened, a majority of which located in Denver. But since banks are a bit iffy on the whole idea of transacting pot sales, well, consumers will have to stick to cash — or bitcoin. At least one shop is known to accept the digital currency.

But if you think cash and bitcoin only is a hurdle, it most certainly isn’t. New reports coming out indicate that these pot shops have together managed to sell $1 million USD of pot in a single day.

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It’s pretty incredible when you think about it, especially since bitcoin sales would technically qualify as revenue going to the state.

Unfortunately, it’s just not clear how much of that $1 million figure was sold in bitcoin — but we’re doing our best to find out. Stick around for additional information. (via 9News)

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