PotCoin® (Ᵽ) – Installs Worlds First Potcoin ATM’s @ River Rock Wellness Denver Dispensaries
MONTREAL, May 20, 2014 – PotCoin (Ᵽ) (CRYPTSY, MINTPAL: POT) a crypto-currency, released January 21, 2014 by PotCoin Systems, a Montreal based software and web development firm is today announcing the installation of the world’s first “PotCoin®ATMs” in two (2) Denver, Colorado locations. In a strategic move PotCoin has secured the enthusiastic support and backing of River Rock Wellness. River Rock has actively contributed to the development of Colorado’s medical marijuana regulatory framework. The company holds a seat on the Colorado Department of Revenue’s Medical Marijuana Advisory Committee, and is a founding member of the non-profit trade association the Medical Marijuana Industry Group.
Full Photo Gallery on imgurJoel Yaffe and Nick Iversen, PotCoin Co-Founders: “The goal of the ATM installations is consumer awareness of PotCoin, ultimately driving merchant adoption. Merchants showcasing the ATM’s will benefit from accepting PotCoin through sponsored distribution of PotCoin to consumers, thus incentivizing customer retention and PotCoin adoption,” adding “merchants really appreciate the simplicity, security and the fee-less environment that we have complied for them and their clients. PotCoin is now implementing merchant services to coincide with the ATMs, resulting in a jump in consumer demand of PotCoin in the Colorado, the largest U.S. market for legalized & recreational marijuana sales.
Tony Verzura, River Rock Chief Operations Officer “we strongly feel there is a future for crypto-currency within our specialized industry. Our business requires 100% transparency and accountably – exactly like a regulated casino so this presents operations and security problems as we deal with lots of cash. PotCoin has developed a secure way for us to deal with our unique situation. We are excited to be working on this new joint venture and we will start accepting Potcoins Tuesday may 27th 2014!”
– The state of Colorado has issued 136 licenses for dispensaries to be opened in 2014, 74% or 101 of those stores being in Denver, with an addition number of new licenses being issued on October 1, 2014.
– Retail marijuana sales revenue in Colorado is consistently trending upward which is shown from 14 million dollars in sales in January and 19 million dollars in March, half of that revenue coming from Denver.
About PotCoin – www.potcoin.com – PotCoin is making its mark on the industry by introducing merchants to the world of digital crypto-currency. PotCoin was successfully launched on Jan 24th 2014 and has developed real world business and financial partnerships with some of the leading experts in the newly legalized Cannabis industry. PotCoin is a secure and reliable payment network that can be utilized by any business in the legalized Cannabis industry.
About RiverRock Wellness http://www.riverrockcolorado.com – RiverRock manufactures the highest quality – lab tested – all organic medical cannabis products, formulates effective treatment plans for patients, and sets the standard for legal compliance and operational transparency in the State of Colorado. RiverRock is dedicated to producing world-class organic medical cannabis products. Our team uses sustainable growing techniques to bring out the best qualities of the plant. We oversee the production of our medicine from seed to sale; this allows us to offer more affordable prices to our patients across-the-board. Artisan growing methods combined with cutting edge technology ensure the consistency, value, and potency of all RiverRock products.
PotCoin – [email protected]