Funding a Cannabis Retail Start-Up

I’m really glad to see a Cannabis business specifically interested in Zcash - I think ZEC is a great fit for legal businesses that are discriminated against by the traditional banking system.

I think, however, that this falls outside the parameters of the type of project that ZCG would/ought to fund. That said @gguy raises a great point - perhaps it might be worth working on an RFP for a kind of small-scale Zcash Business consultancy? One that could give interested businesses a crash course in Zcash, how it works, what its benefits are, and how to go about using it for point-of-sale/banking operations. Potentially even work on retail business focused outreach/marketing.

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Totally agree. I was one of the first to have a “cannabis card” aka a Measure-Z backed card I got at one of the first “dispensaries” in Oakland. I even grew it, and I run a cannabis website.

However, I don’t think that this fits the scope of the dev fund. Especially without any specific proposal.

But having some kind of partnership with ZGo or something could be interesting. But again, I don’t think receiving money to start the biz makes sense. That’s a risk you take for being a founder, and there are plenty of other blindspots with Zcash right now that the money could fund.

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A headline question for the community: Is ZEC money? Is ZEC something valuable, which you treat as valuable? Do you expect for others to value ZEC at market? How do you handle money?


That sort of whataboutism is an argument that Zcash development-funding seigniorage has been frivolously, profligately wasted and dissipated in ways that I find alarming. It is an argument that I should have spent the past five years devoting hours of my limited lifetime to following every tortuous Zcash drama, and complaining very loudly about waste and misdirection of funds. It is an argument that I should start doing so forthwith.

It is also an argument that I am stupid for buying ZEC, instead of dreaming up ways to get free ZEC for nothing on the ZEC-seigniorage gravy-train.

Not an argument in favour of paying businesses to accept ZEC.


Wow, the conversation is moving ahead of me here. This is a quote from a draft of a long post that I have been writing for days, where I had added this thread as an example supporting a bigger point about sales and self-confidence:

I need to finish that. With my constructive suggestions and proposals for Zcash.

Advertisement: I am serious about the consulting services—paid by the hour, so that I can get something for my time here. Do you want free funding for your business? I will explain to you why Zcash is a perfect fit for your business. Then, when you are suitably impressed at what accepting ZEC can do for your business, I will get you in touch with people who will want to grant you freebie ZEC. Wheeee!


I strongly agree with this, without regard to my positive or negative opinions of any particular business. The principle is similar to, and entwined with defending the freedom of speech. I would be happy to see the owners of such businesses pop up asking for technical support or advice about how to accept Zcash, or simply to let the Zcash community know in an appropriate, non-spammy manner that they are now accepting ZEC.

When someone with no apparent prior history with Zcash creates a new forum account, and in his very first post announces his desire to get on the ZEC-seigniorage gravy train for an unrelated business, I see that differently.

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Thanks for your comments. I want to respond to your direct questions.

The value that it would bring us is to further define our company values- is that privacy aligns with who we are as people - We,individually have fought for other human rights and we embrace the spirit and fundamental intentions of privacy coins. We also feel that using a Zcash will give us a marketing advantage over any other cannabis company in our local market that will bring new customers to us that we might have not been able to reach otherwise. We have our own ecommerce solution that would facilitate easy payment transactions both in-store and delivery.

Hi. Thanks. I like that you offer ZGo and I would consider this option as a back-up but I would prefer to first explore RocketFuel Blockchain merchant service and their relationship with exchanges for it’s ease of use.

I’m seeking $27,000 that will be used for product giveaways and initial payroll for training/staffing.
$20,000 for the neighborhood grand opening expenses. $47,000 total.

Hi, Thanks for your comments.

Yes, we would be ok with a one time costs and we can show deliverables (cannabis license issuance, active website/ecommerce ability, social media posts, etc)

We would have an instore sign/QR code that promotes Zcash usage. We can agree to social media posts that promotes adoption.

Hey I used to go to Measure Z spot near 51st and Telegraph! Thank you for your comments.

I’d recommend you thoroughly research the custody practices of a service like this before committing.

Best of luck!

Thank You.

Another article about us: Cultivating community: The Mission's latest Black-and-Brown-owned cannabis dispensary - El Tecolote

Thanks.

Did you run this by legal?

METRC tracks sales in USD, which presents a regulatory problem likely.

Not familiar with California regulatory rules on this topic, but you may be surprised to find that all transactions of any sort are required to be in US Dollars.

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“So… you done uploading those manifests?”

“Sigh… No, wheel of death.”

There have been days at a time where nothing works. And then, regulations are simply excused. Regulation only matters when the political enforcement apparatus wants it to.

I’m glad people think zcash is neat, and want to integrate it into newest businesses. It’s great that such powerful tech is so easy to use, but many new entrants really don’t understand how powerful and society shaping this magic actually is, and why the state simply won’t allow what OP wants.

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Banks don’t touch it because technically its monies either somehow related to, for or from the sales or production of a Federal schedule 1 substance and interstate trafficking laws (among others) still apply to its’ movement across state lines, digitally or otherwise. If anything dispensaries will deal in local co-op’s or little credit unions (all cash) but mostly they just have a big safe.
Zcash could probably be accepted assuming all retail txs are properly recorded and then exchanged in-state basically (plus then you have declare all gains (or loss) at the end of the year (de-minimus would probably only hold to the customer (micro-entity))).

OK, that sounds like a lot for the Zcash grant to give away. The cost not strictly related to Zcash payment shouldn’t be included here in my view.

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Hi noamchom, somebody linked your post to me so I would like to clarify a few things.

1.I was given a grant for $3300, not $5000.

2.I’m still gathering footage. What I have released so far is just small clips. Cant film something like this in a month (or months)

3.I have come out of pocket at least $5000 because I had to purchase a new container to fit the smaller parachute, and other miscellaneous unforeseen expenses such as doggy day care while I’m away from home all day with nobody to watch my dog.
On a good day I have to spend $200 just to get 2 jumps in.

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Thanks for the comment. I’ve thoroughly researched this 10 months ago when I wrote our business model. The US tax code governs business income - and there are no city and state regulatory laws that prevent us from accepting crypto.

I shared the articles for a reason - my partners will be the next largest thing in the cannabis industry that few if any “made-up” brands will be able to compete with - because we have done this all ourselves. We aren’t marketing like others - appealing to the urban crowd or glorifying women in bikini’s smoking cannabis - We are selling family, access to information and a vibe/lifestyle that promotes people’s search for their own passions. We also have access to the best genetics in the country right now. :wink:
ZEC community to invest 47K, is a small price to pay to be apart of a truly unique company and group of individuals who hearts are in the right place. It represents an opportunity for each community member to promote this partnership - to create content about a unique pairing. I’m working on the proposal to add our deliverables and how this could benefit the entire network. Thank you again for the comments posted here.

Thanks for the comment. We have an active FDIC cannabis bank, they just require more steps for us to conduct business. Yes you are correct, Zcash can be accepted, along with any other form of property (US Tax code). We just have to pay our taxes in USD…and yes the holding of crypto creates a potential double tax scenario for us, which is alleviated by working with Rocket Fuel Blockchain merchant platform.

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