Status #14093

Cannabis/Hemp as a currency/medium for trade (??).... I have been [...]


Chatteris, Cambridgeshire
via The Full Circle Project
Cannabis/Hemp as a currency/medium for trade (??).... I have been thinking about this and I am struggling to find a fault that isn't a very easy one to over come..... of course this would meet opposition lead by the usual suspects, but assuming that we were to over come this it seems very possible to apply it into a common "face to face" trading practice.. yes there are people who understand cannabis more so than others but it really isn't a difficult topic to teach or understand..... The obvious concern would be for those who have no personal use for cannabis, but I would suggest that the cannabis/hemp market is so wide that should you find someone who has something you wish to trade, there is a very high possibility that they will have a personal use for cannabis or at least know of other traders who do have a personal use for cannabis......OK so it wouldn't work as a wallet/purse/pocket based numeric system for larger trades, but it certainly could cater for a huge % of global interest free trade amongst us commoners.... Thoughts appreciated, and please do pick the faults.. as it is something I obviously would wish to happen maybe I am looking at it through rose tinted specs.. a critical eye could help
AwakenYaMind
i can dig it
Thursday 7 July 2016, 00:02:44
GT
It would be a commodity currency, has it has been in many places over the millenia. Craig Paterson did some great work on the economics of cannabis on southern Africa, 'Prohibition and Resistance...' or something like that.

As things stand in most countries today, cannabis is the most common and benign part of the 'Grey' economy. There will always be people who exist outside of the 'legal' economy, if cannabis was legalized then what trade would many of these people turn to? Probably harder drugs. After years as a journalist with a focus on cannabis this appears to be the ONLY sane and considered argument for maintaining the legal status quo.

The history of cannabis prohibition is very interesting. It was first criminalized in South Africa, first the indentured Indian labourers were banned from smoking it and then black Africans. Around this time, late C19 to WW1, the Brits also criminalized Greek cannabis in order to open a market for Indian charras.

In 1930s USA the industrial interests of the Rockefellers (Oil), JP Morgan (Steel), Carnegie (Railways) and Rothschilds (Financeers of the above) lined up against Henry Ford who had managed to produce a car that was 100% made and fueled by plant derived compounds - hence the ban on alcohol as well. (They were more concrened about its use as an industrial fuel than a social lubricant). Dupont (Oil processing) and the Hearst newspaper group (Timber) also had vested business interests in seeing that cannabis was banned. Today it is big pharma and the US police and prison guards unions who are the most financially supportive of keeping pot criminalized...

But! Back to point, as a currency it is portable, divisible, easily tradeable, it can be worked into many different grades and forms and is easily accesible to all.

It can be utilized with great benefit across all industries, most environments, as a food, a medicine, in agriculture and as fuel. Its speed of growth means it is excellent for cleaning polluted soil of toxins, including nuclear contamination, and, if grown pervasively, it can be an excellent store of carbon. It really is the plant that can cure nearly all of the world's problems.
Thursday 7 July 2016, 02:19:34
GT
One other important point: if cannabis was legalized around the world the UK and Europe would be hard pushed to compete in what would fast become the world's largest market. All our land and climate is good for in that respect is growing low grade industrial cannabis - we could never compete with Asia, America, Africa or even Australia when it came to volume and quality.

Pretty much all of the established power structures of the world would come crashing down if cannabis was globally legalized and its trade was normalized.
Thursday 7 July 2016, 02:38:39
[deleted user]
Legal or illegal, I don't believe much would change with peoples tastes/usage of other psychedelics, In fact I feel the "underground" status of these things prevents open discussion and true understanding, and as younger people come to learn these things to be naughty it then becomes something they hide from their parents, thus paving the way for usage without a full scope of understanding what they are experimenting with.
Thursday 7 July 2016, 21:08:12
[deleted user]
Europe competing with other continents I don't believe would be an issue, and there is no reason why it should become one if cannabis were free for common trade.... Granted the environment outside of Europe can host a far wide variety of strains and these continents can utilise their climate for longer annual periods.. but there are many potent varieties that grow very well on UK land, particularly those with a bloom period less than 8-9 weeks.. we are also able to grow any other strain that is not native to us with various greenhouse/poly tunnel techniques, and ruderalis strains could be produced all year round......... Struggling in trade competition with other continents is assuming we are still susceptible to private economic fluctuation, which we may well be... but cannabis could serve as the currency which can be produced by the people, therefore it's local rate would be bartered by the commoners, and any organisations seeking to profit by shipping in non-native strains I don't believe would gain a foot hold as no doubt they would be seeking higher rates for a healthy profit margin, and these same non-native strains could be produced by the people who could just trade their own production of the same strain at a lower rate... I don't believe big cannabis business would thrive if the common people were simultaneously producing stock at their own rate.
Thursday 7 July 2016, 21:28:20
[deleted user]
Money does grow on trees, or more precisely, bushes. I think that anything that has value can be used as a medium for trade, that includes Cannabis, Tobacco, Food, Alcohol/Fuel, and many other commodities. The problem with using these kinds of things as currency, is that they are consumed, and such is the problem with any barter-based economy. Cannabis is uniquely different in that every part of the plant has at least one, if not several, industrial uses. Governments see it as nothing more than another way to reach into your pocket and steal your productive capacity by "legalizing" it, then taxing you to death. Desperate politicians are seeing the tax revenue windfall that Cannabis has brought to places in the US like Colorado (http://time.com/4003262/…), so it's only a matter of time. The self-serving interest of politicians will outweigh the needs of industry, and/or industry will simply switch to growing GMO/highly refined Cannabis, patenting it, attempting to control it in the same ways they control our existing food/medicine/industrial-energy-complexes. I have no doubt that it will be legalized, which means it will be regulated and taxed, and that's bad, IMO. For example, government will (and has) simply make it illegal for the average person to produce more than a small number of plants, while granting unlimited production potential to large corporations, or just looking the other way as they are so apt to do. Despite this, Cannabis will become an increasingly valuable commodity again, I believe one of the single most important substances going forward for mankind. It could very well become a valuable item of barter for the average person, but again, so could many other things that humans need/want. What it will never be is a store of value, or a medium of exchange that replaces money, because it can't easily be stored for long periods of time without losing potency, and it's value is in being consumed.
Friday 8 July 2016, 04:25:32
[deleted user]
What I am seeking if 100% cannabis freedom. The market would not be able to be capitalised on if everyone grew their own, and unlike many other plants/flowers/vegetables, it is easy to achieve as good yield of good quality with very little skill or knowledge as the plant is so robust. My outdoor plant this year was savaged by slugs within a day of me planting it, but it fought back on its own, no bug sprays, no pellets, i didn't even use anything natural to aid in pest prevention, the plant just fought through on its own and it is now thriving just 4 weeks after planting.... Of course potential can be maximised with the right care and nutritional knowledge, but even if you were to just pop a seedling in a pot and feed it water its entire life, your product would still be of a good and easily tradeable quality, and it is this ease of production which makes it a very simple route for people to take should they need to product to trade with......... Regarding "it can't easily be stored for long periods of time without losing potency".... I have many varieties in storage, some of which are almost 3 years old.... If cultivated, dried, cured and stored all in ideal conditions, the product becomes more refined over time, even changing subtle flavours and increasing in potency, new dimensions to the product are brought out with age... If I were to trade with my product, that which has been off of the plant for less time would be less valuable, whereas that which has endured a high quality and lengthy refinery process is certainly a superior product, hence why i would deem an elder product more valuable to me per weight.
Friday 8 July 2016, 12:09:33
[deleted user]
Understood. I have considerable experience with the cultivation of Cannabis, and food crops, so I get what you're saying about aging, and how a more mature product becomes better with time. You could say the same thing about scotch, wine, cheese, and other commodities that get better over years, even decades of aging. However, you are not going to be keeping Cannabis in any form for 10, 20, 50, or 100 years while you save for retirement, or pass on savings to your kids. You're sure not going to be smoking those nugs ~3000 years from now (https://thestar.com/business/…), but you would be spending gold. Gold and silver represent value, they're analogs for it, while Cannabis is the value. I think a better way of looking at life, economies, and money, is that each individual should strive to bring real value into the world, create something that they & others will want, and from there everything will work itself out. How many people are involved in bringing real value into the world, in ways that truly benefit themselves or their fellow humans?
Friday 8 July 2016, 17:22:19
[deleted user]
I would be quite confident that cannabis oil, most if not all forms of hash, and the dried flowers would keep for (at least) over 30 years if stored correctly.... I cannot recall with great details but some years ago a friend of mine was telling me about a 25 year aged jar of dried cannabis bud... so while i would suggest long term storage is certainly possible, I cannot offer first hand proof that it is.. that said, my currently 3 year cured product is on a minimum of a 10 year curing process, so 7 years from now should its quality of been maintained, perhaps that would be a very good sign for further decades of potential storage..... but sitting on huge stock in lieu of a monetary retirement fund i agree may not be the way to go, it could very well be possible as I set out to prove, but cannabis can be easily grown by people of all ages, and should the elderly (retired from physical labour) require help tending, harvesting and clipping their yield, im sure people would be more than willing to help, so sitting on an ever diminishing stock as way of retirement funding wouldn't be necessary as the fund could be replenished annually..... it would be far easier for the elderly/physically challenged to grow resources to the current value of (eg) £50,000+ every year, than it would for them to go out and perform labour to the tune of £50,000+ per year.... so it is easy to see how those who are not able to work due to mobility issues could easily thrive in an economic structure, even in its current form, if cannabis were free to trade. A long term curing process would be for the connoisseur consumer, otherwise cannabis can just be transformed from seed to a valuable commodity inside 5 months every single year, so no need to sit on a banks worth of product, when it can be created fresh when ever the trader required it to be produced... The finished product may not be able to be stored for great lengths of time and its storage may be spaciously inconvenient, but its seeds can be kept for a life time, and triggered to produce a trade product with just a splash of water...... I believe this knowledge, understanding and vision of application is a route towards the change we all wish to see, and would very obviously benefit all people, apart from those who maintain high status at the expense of cannabis free trade.
Saturday 9 July 2016, 11:51:57
[deleted user]
I'd agree with all that, but again, the same can be said of all crops; food, herb, spice, grain, tobacco, etc. Anything you can produce from the Earth and Sun from seeds is going to have the same benefits and economic potential.
Sunday 10 July 2016, 04:05:00
[deleted user]
Exactly, so why trade with a private currency rate as the middle man ? Makes sense to trade goods for goods, so fluctuation is controlled by the traders, not the middle man.
Sunday 10 July 2016, 12:49:04
[deleted user]
That starts to get into the subject of economics, and there are many good reasons for the use of money as both a store of value and a widely accepted medium of exchange. At it's core, money should be nothing more than one more thing you can "trade" for goods and services. Money is not the same thing as "currency", such as the dollar, the pound, or the euro. Money is not controlled by anyone, currencies are controlled by middlemen; banks and governments. Anyone can go out and dig up gold and silver out of the Earth, but we can't print "currencies" without being arrested for counterfeiting, that alone should tell you something. Money can be anything, but it should be durable, fungible, and universally accepted, its that simple.
Sunday 10 July 2016, 17:27:01
AwakenYaMind
it's been great being a fly on the wall of this post- been learning a lot from you 2- thank yous!
Monday 11 July 2016, 02:21:05
[deleted user]
What we know as money is at present a privately fluctuated currency, and it is that that needs to change, to a money form/trade meduim that holds its numberic/trade value... as has been said many times, resources have not become more expensive, it is the purchase power of money/the private currency that has been weakened....... We could talk global trade for thriving markets per nation.. but as with much of out movement it begins at grassroots, and cannabis free trade at a grassroots levels is the first step to take imo
Monday 11 July 2016, 21:10:56
[deleted user]
Exactly, fiat currency is not money, but most know it as that, because they've been brainwashed into believing it. Black markets/gray markets have always been the domain of "grassroots" economies, real economies to some extent, but also distorted to some extent because of the state. The money of the future will look like nothing we have ever seen before.
Monday 11 July 2016, 22:09:37
Stephan du Plessis
Decentralized Platforms exists where we can go forward and start our own cannadex. Checkout Openledger on the Bitshares Blockchain. It runs on MIT servers. openledger.io?r=coindup-hasho
Monday 13 November 2017, 22:22:39
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