Our history

Twelve years of trying to fix cannabis money

CannabisCoins.com isn't a new idea with a new domain. It comes out of the original 2014 CannabisCoin community — one of the first crypto projects built for a specific, real industry rather than for a chart.

The original message, recovered

“Defund the War on Nature”

That was the banner across the top of this site a decade ago, under the Latin motto abusus non tollit usum — abuse does not remove use. The argument ran like this: cannabis and hemp were part of civilization for thousands of years, mandated by law in colonial America for rope, cloth and sails, and only criminalized in the twentieth century once industrial, chemical and banking interests found the plant inconvenient. Prohibition then became its own industry, with billions a year flowing to police, prosecute and incarcerate people over a plant.

The conclusion was the part that still matters here: the same dollars the trade is forced to run on are the dollars that fund the raids, the seizures and the enforcement. So the most direct action available to a farmer, a dispensary or a customer is to move value outside that system — silver, copper, gold and crypto. Every dollar taken out of the banking network is one that can’t be seized or spent on enforcement.

Ditch the dollar and defund the war.

CAN is that idea grown up. The old version asked people to hold something volatile as a protest. This one gives farmers, dispensaries and customers money that holds a dollar, settles in minutes, and never touches a bank that can close the account on Monday morning.

  1. 2014

    The original marijuana cryptocurrency

    CannabisCoin (CANN) was announced publicly in June 2014 as an open-source, community-run proof-of-work coin using the X11 algorithm. The pitch was simple and, at the time, radical: an industry that banks refuse to serve should have money of its own.

  2. 2014–2015

    The CANNdy era

    The community promoted a "1 CANN = 1 gram" concept with dispensary tie-ins under the CANNdy name. It was a marketing campaign rather than a guaranteed redemption — but it was the first serious attempt to price real cannabis in crypto.

  3. 2015–2022

    The lesson

    CANN's price moved with the whole altcoin market: an all-time high near $0.60 in December 2017 and a long slide afterward. You cannot run a register on money that can lose a third of its value between opening and close. The mission was right; the instrument wasn't.

  4. 2023–2026

    Preserving the record

    The legacy site, wallet software, branding and announcement threads are being preserved as a public historical archive so the early record doesn't quietly disappear.

  5. Now

    CAN, the dollar-stable successor

    CannabisCoins.com is issuing CAN: a 1:1 USD-backed token on the TEXITcoin Omni layer, minted and redeemed through the Texas Stable Dollar desk. Same problem, solved with money that holds still.

CANN and CAN are not the same thing

CANN is the historical 2014 proof-of-work coin with a floating market price, preserved for the record and not an active offering from us. CAN is the new dollar-backed token on the TEXITcoin Omni layer, worth one dollar and redeemable 1:1. Holding one does not entitle you to the other.

Where we're going

CAN is the money. The rest of the stack is being built alongside it: NectarPay for dispensary merchant services at the register, CryptoPOP for consumer rewards, and the TEXITcoin Omni layer underneath it all. It's part of the honest.money ecosystem — money you can audit, redeem and actually spend.