Cannabis and Bitcoin have a complicated relationship. Participants in either industry often publicly avoid the other due to the stigmas attached to each. They figure partaking in one stigmatized industry is enough.
Despite the tenuous relationship, there are plenty of intersections between the digital currency, founded in 2008 by the pseudonymous creator who went by Satoshi Nakamoto before his disappearance, and the cannabis industry.
Below we outline some of the ways you can use Bitcoin to buy cannabis both legally and illegally.
Online Head Shops
Dankstop prides itself on pocket sized glass. The most popular products at SmokeCartel includes glass, grinders and vaporizers.
A Bitcoin Debit Card
Yes, there is such a thing. And they’re very convenient. They offer all the benefits of a regular debit card. Though not the only Bitcoin debit card, the Shift Card by Coinbase represents one of the most legitimate Bitcoin debit cards. The debit card offered by BitPay is another reputable option. The cards cost just $10 and you can use them everywhere that accepts Visa. In the US, there are no fees. Abroad, however, swiping the card can run you up to 10% in fees. The Shift card is issued by Bancorp.
Using the card for your marijuana is legal in the states where cannabis use, medical or otherwise, have been legalized. All you have to do is go to your local dispensary, choose your meds, and swipe the card. You’ll receive instantly an e-mail receipt.
Royal Queen Seeds
Royal Queen Seeds, a cannabis seed company based in Europe, sells cannabis seeds for Bitcoin. The reputable firm, based in the Netherlands, boasts feminised seeds and a wide variety of strains.
Royal Queen Seeds offers indica, sativa or autoflowering strains, many of which have been awarded Highlife Cup and High Times Cannabis Cup awards. The firm also has brick and mortar locations in Amsterdam.
BuyWeedOnline.ca is known as McChronald’s. The Canadian online distributor of marijuana, hash and THC extracts accepts Bitcoin. Canadians who pass a two-minute consultation can shop for marijuana without a medical card. The site services those 21 years of age and older.
The Dark Web
The first Silk Road launched in 2011 and ultimately became a boon to the Bitcoin economy. Most of the products found on that site were cannabis or MDMA. Since it was shut down in 2013 - and its founder, Ross Ulbricht, given a lifetime sentence - other darknet marketplaces have appeared online.
In 2013, immediately following the fall of Silk Road I, Silk Road 2.0 opened for business. In December 2013, admins for that website were arrested and the site brought down. Silk Road 3.0 is operational. There’s no word on how long that might last. For other dark web options, check out the list of active marketplaces here. This option is illegal, and there is feverish debate among users about the safety of such dark net websites.
Simply download the Tor darkweb client and enjoy browsing the internet pseudonymously. It’s important to do your own due diligence about the strengths and weaknesses of Tor and your anonymizing talents. Once you have downloaded Tor, simply pick a marketplace from list linked above.