One major effect of this is that weed stores will be able to use banks and payment processors legally once the regulators catch up.
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Also, it doesn't seem like it would be that hard to find someone to accept it as payment, since they can convert it to cash too. And the sort of landlords/suppliers/employees willing to do business with a dispensary seem like exactly the sort who would accept Bitcoin.
That is the benchmark you are competing against.
That's why I specified "for the consumer", who is typically the person that is going to make a purchasing decision.
Using crypto for dispensaries has been tried, and it hasn't gained traction in the many years that its been an option. If you introduce friction (by forcing people to transact using a novel payment form), you are going to lose customers. The fact that the very few dispensaries that accept crypto continue to accept cash and debit should tell you what consumers like.
It takes the same amount of time to make change for the consumer as the store. Or more, because now you have to wait while they make change for the person in front of you, then for you on top of that.
And nobody wants to be at a store which is more likely to get robbed. Not only do you lose your cash, you could lose your life.
> The fact that the very few dispensaries that accept crypto continue to accept cash and debit should tell you what consumers like.
There are multiple consumers. If you can get half of them to use Bitcoin, you have half as much cash on hand to lose in a robbery, and on top of that half as much incentive for someone to rob you to begin with.