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CryptoCann™ Report: Fortnite merch store accepts Monero; Colorado marks fifth year of legalized marijuana

January 1 marked Colorado’s fifth year of legalized recreational marijuana
Person wearing headphones playing Fortnite
Fortnite players can reportedly purchase t shirts and other game merch using Monero

The Crypto Report

More than 200 million people worldwide play Epic Games’ Fortnite, an online multiplayer phenomenon, according to Bloomberg stats.

Players looking to wear their love of the game on their sleeve, whether it be a Fortnite T-shirt or a onesie, can purchase merchandise with cryptocurrency, as per a CCN report.

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While Fortnite did not make an official announcement, Monero developer Riccardo Spagni announced the news on Twitter.

When asked why the more-popular Bitcoin was not an accepted form of payment, Spagni told CCN that it was due to “a lack of privacy.”

While Fortnite may not be accepting Bitcoin payments, Bitcoin futures trading may be just around the corner.

Intercontinental Exchange Inc (NYSE:ICE), the parent company of the New York Stock Exchange, said it will clarify the official launch date of its crypto trading platform Bakkt, which allows users to trade, store and spend digital assets.

“The Bakkt Bitcoin (USD) Daily Futures Contract is a physically-settled daily futures contract for bitcoin held in Bakkt Warehouse, and will be cleared by ICE Clear US, Inc. Each futures contract calls for delivery of one bitcoin held in Bakkt Warehouse, and will trade in U.S. dollar terms,” explained Bakkt in a statement.

The company was looking at a launch date of January 24, but said it may be amended depending on “the CFTC’s process and timeline,” as per a Cointelegraph report.

The Cann Report

Massachusetts began selling recreational marijuana in November, raking in more than US$440,000 on the first day of sales.

During the first four weeks of operations, the dispensaries saw sales of US$9.3 million, according to a Marijuana Business Daily report.

READ: Aphria says Green Growth Brands' takeover bid undervalues cannabis company

For comparison, Oregon’s first-month sales totaled $14 million from 320 dispensaries, Colorado sales were $14.7 million from 59 dispensaries and Nevada sales were $27.1 million from 53 dispensaries.

Massachusetts had just two dispensaries open for most of the month.

In Colorado, January 1 marked its fifth year of legalized recreational marijuana.

As of October, the state’s retailers had distributed nearly US$6 billion worth of cannabis, as per a Ganjapreneur report.

The Denver Channel estimated that a total of US$12.8 million in education funding stemmed from cannabis taxes.

The report claims that despite the “doomsday-type scenarios” suggested by cannabis opponents, the legalized industry has led to more jobs and a rise in underage cannabis use has not been reported.

 

Contact Lenore Fedow at [email protected]

Follow her on Twitter@LenoreMariee

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here

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