Will my Marijuana Use Prevent Me From Getting Life Insurance?

Posted on October 21, 2013 by admin

This is often a tricky question, but when it comes to Marijuana use, everything is tricky from its legality to finding a medical marijuana merchant account for your medical marijuana dispensary. According to the latest reports, 18 States in America along with Washington DC have allowed the medical use of marijuana but it is still outlawed under the federal law. This adds to the confusion for users of medical marijuana about many related questions, including if they can get a life insurance or not for using marijuana.

To be true, many insurance companies are still confused how to go about the new legality of marijuana in 40% of the States in America. This is a common scientific fact now that marijuana has medical benefits, the reason why it is now legal in many states. Today, the use of medical marijuana is becoming more and more common in United States, something that most life insurance companies were not prepared for.

So what are the scenarios for a person using medical marijuana when it comes to getting life insurance? There may be multiple answers. First, you may run into the company that simply will not allow you to get life insurance for smoking marijuana. These companies are still living in past or don’t know about how to get around the new laws related to legality of medical marijuana in many states.

Some of the other companies may look good for getting life insurance, but they will ask you to pay more for your life insurance as they put you under the category of smokers. In such cases, if you are tested positive for THC, they will not reject your application but you will ask to pay more as a smoker even if you’ve never smoked a cigarette in your life. For these companies, smoking cannabis even for medical use is enough to make you pay higher rates designed for cigarette smokers.

The third and most proactive insurance companies are well aware of all the legality and news related to medical marijuana and they allow you to get life insurance very easily. To find such insurance companies, you can also visit online medical marijuana dispensaries where you buy your medical marijuana, that will share that information with you. With the resolution of medical marijuana merchant accounts, hundreds of online medical marijuana dispensaries are selling medical marijuana online and provide useful information about all the related topics.

The problem with the third type of insurance companies is that they do not have standard laws related to marijuana use. They all have different set of terms and conditions for the cannabis smokers so you need to explore these insurance companies to find the one that best suits you and your lifestyle. For example, American General only allows you to smoke twice a month otherwise your rates will be increased as a regular smoker. Columbus Life provides you with a life insurance based on drug tests. If it is for medical use, you can get a better rate but if heavy use is proved, you will be declined.

In a nut shell, getting a life insurance on normal rates is possible but the choices are limited. So you need to dig into details before getting life insurance from any renowned insurance company.

Is your bank unsure if they can do business with your Medical Marijuana Merchant Account?

Posted on October 21, 2013 by admin

Even though, it is perfectly legal to sell online medical marijuana for dispensaries in 18 states of the 50, federal laws are still against the use of marijuana even for medical use. The confusion around federal and state laws related to the use of medical marijuana leads many banks to discontinue their banking services to MMJ dispensaries and potentially put the entire industry on financial risk. Many big banks avoid confrontations with the federal authorities and turned hostile towards the medical marijuana industry the last few years.

It is a common problem with medical marijuana dispensaries to switch banks frequently due to the hostility of banks and their ever changing demands for providing financial services. The uncertainty of banks towards providing financial services to medical marijuana dispensaries created a financial risk for the entire industry that otherwise are doing excellent in terms of bottom line. Due to new scientific research related to medical benefits of marijuana and awareness in masses about marijuana as a medical cure for a number of medical conditions, the demand for medical marijuana in United States is more than ever.

Even though, there is high demand for medical marijuana, financial services and frequent account discontinuation from banks make it hard for medical marijuana dispensaries to allow credit card payments on their websites. Beside the fact that all major banks and other financial institutions are moving away from the marijuana industry, the online medical marijuana merchant account providers are keeping the industry alive at least online. Websites like marijuana-merchant-account.com provide specialized MMJ payment processing solutions to medical marijuana dispensaries that allow them to make online payments as an option for their customers on websites.

In the absence of banks and other financial institutes, many online merchant account providers like marijuana-merchant-account.com step up to provide the required financial services to the industry, Today, there are hundreds of websites that provide medical marijuana merchant account to dispensaries. Most Merchant Account providers categorize MMJ under the high risk category and impose special terms and conditions. With major banks and credit card processing companies pulling back, online merchant account providers provide many creative and innovative channels to keep the online finances flowing for the MMJ industry.

Marijuana-merchant-account.com are popular for their specialized online processing solutions for high risk industries like medical marijuana. They have providing online financial services to medical marijuana dispensaries and other high risk business since 2011. Their solutions help you choose from the pocket full of processing methods that are legal for the industry. Dispensary owners now have freedom to choose from the set of processing methods that best suits their interests and financial goals. To set up your medical marijuana merchant account with the company, you can visit their site and talk to their customer support staff that can guide you about all the legal issues involved and best possible ways to go around them. Marijuana-merchant-account.com is the sister company of eMerchantBroker.com that is designed to provide exclusive services to the medical marijuana industry.

Medical Marijuana Merchant Accounts for Dispensaries

Posted on October 16, 2013 by admin

After the 2011 move by federal agencies to have tighter control over the finances and activities of medical marijuana dispensaries, many banks began shutting down medical marijuana merchant accounts. The move was considered by the medical marijuana industry as an attempt to get rid of the entire medical marijuana industry, but thanks to many merchant account providers like emerchantbroker and others, the medical marijuana dispensaries found an alternate to keep their cash flowing.

The tougher regulations imposed by federal agencies like the Financial Crimes Enforcement Network of the United States Treasury Department asked banks to spend more time and effort to review the medical marijuana accounts to keep a proper check on the cash flow but many banks preferred to shut down the accounts in order to save both time and effort. Many banks also wanted to avoid unnecessary involvement of federal agencies that often lead to shutting down of accounts owned by medical marijuana dispensaries.

Online Merchant Accounts: A Better Alternate to Banks

This creates a lot of problems for online medical marijuana dispensaries that want to charge customers through online credit cards. At the time of crisis, online merchant accounts become an effective alternate that allows credit card/debit card processing for online medical marijuana dispensaries. Most accounts for marijuana dispensaries are provided under high risk merchant accounts that required special terms and conditions with different payment plans, but most importantly, it allows medical marijuana dispensaries to keep their cash rolling through online channels. In order to keep your online business alive, the ability to process credit cards is critical. Merchant account providers provide this ability to medical marijuana dispensaries at a critical time for the industry.

How to Find a Good Medical Marijuana Merchant Account?

Today, with a good number of online medical marijuana merchant account providers available, medical marijuana dispensaries are in good position to choose from a range of effective and compatible options. When many merchant account providers provide accounts to medical marijuana dispensaries under high risk accounts, few providers are offering risk free accounts. As there are a number of legal issues involved with strict federal laws, medical marijuana dispensaries need to look in detail for the terms and conditions of the merchant accounts to avoid any uncomfortable situation in future. Make sure to find the providers who are willing to stand by your business at tough times instead of simply shutting you down under pressure. You may also need to compare multiple online merchant account providers for their processing fees and other charges.

Even though, medical marijuana dispensaries are doing good business and the demand for their product is up more than ever, tough federal laws make it hard for dispensaries to earn profits. But a good merchant account provider willing to help your business grow can do wonders for your business and profits, so make sure you are making a right choice when it comes to choosing a medical marijuana merchant account for your dispensary.

Breaking the Taboo: How to Get the Right Medical Marijuana Merchant Account

Posted on October 8, 2013 by admin

Getting a merchant account for your medical marijuana dispensary business has been an issue for growers and sellers of the past. Not anymore. Just search online for a merchant account for medical marijuana and it will take you to the sites that will get you the high risk merchant account you need, including us, here at marijuana-merchant-account.com.

Just take the time

Sellers of this Medical Cannabis have a hard time getting a medical marijuana payment processing account because of the legalities and the ‘on the go’ status they have had in the past. But with the increasing legalization of the product, many merchant account servicers are changing their minds and willing to jump into the ring of profits. Slowly, the realization of the farce that has occurred with this herb is coming to light, and the states are changing how they view it.

Look it up

If you are a medical marijuana seller, take to the internet and search for merchant account servicers that are willing to help you with your business. There are more out there than you think. Take in all the information that they provide and ask questions. They have a lot of options for you and all you need to do is access the information.

Your search

You will need to type something in along the lines of “merchant account for medical marijuana” and see what comes up for you. Your options will be many.

Check out

Take the time to compare the sites and the per transaction fee. Find out if you are going to have an annual fee to pay and what it will be per month for your account. Always look to see if you are going to have any hidden fees and don’t be afraid to contact them. A lot of the merchant account servicers have a ‘live chat feature’ and they would be very happy to help you out.

Better, but still touchy

The medical marijuana market is still on the touchy side, but the stigma is desisting. As states begin to legalize the market is growing a little more stable for those of you that sell it. It will take time to grow out of the problem, in the meantime, take some steps to stabilize your business and help it grow.

No matter where your customers are coming from, they will need you market your product and make the payment system easy and effective. Good luck with you endeavor.

A step by step guide to setting up your medical cannabis merchant account

Posted on September 27, 2013 by admin

First and foremost, you need to know that when you set up your merchant account you will be in a high risk account. Don’t be too afraid of that. Most of the nation’s accounts with the merchant’s servicers are in the high risk pool. When you set up your marijuana merchant account, you will need to secure a servicer that is willing to do business with you.

1. Make sure your license is in place and you can provide proof of business when you sign up for your merchant account.

2. Find the best servicer on the market. Negotiate your fees.

3. Be prepared for obstacles and higher per transaction fees.

4. Notice that you have a high risk account

5. Be prepared for a hold back on every transaction for the first 3-6 months.

6. Look for someone that can get you a wireless credit card processor to process payments no matter where you go. You might need extra batteries and a wifi connection to get things working. Be prepared for that.

7. Follow the rules and all should work out just fine.

Due to the areas that medical marijuana clinics work, their connections have been unstable at best. There are now marijuana merchant account services ready to help take care of the challenges faced by these sellers. They have offshore banks ready and prepared to assist in the business practices of medical marijuana clinics and sellers.
Do your research to locate the best one for you and your business. Good luck with your endeavor.

How to get Medicinal Marijuana Merchant Services

Posted on August 29, 2013 by admin

The medicinal marijuana industry is still not considered a legal operation under the federal law of The United States. This not only makes it difficult for medicinal marijuana dispensaries to work in peace even in the states where they are legal, but the industry also finds it very difficult to process payments . Even when the industry is legal in 17 States, most credit card processing companies and banks follow the federal verdict against the industry and mostly refuse to provide any services to the business.

Despite the federal law against the marijuana dispensaries, medical science and new researches prove that medicinal marijuana is very effective in treating different types of diseases and medical conditions. With more awareness among masses and education about herbs and medicinal importance of marijuana, the business is generating some good revenue for business owners. This is one of the reasons the demand for medicinal marijuana merchant accounts is greater than ever today. With federal restrictions, many banks and merchant account providers are hesitant to provide payment processing services even to the legal marijuana dispensaries because of inconsistent legal clouds around the industry. This makes it hard for business owners to find a good and reliable merchant service for their business but it is not entirely impossible.

With the growth of online merchant account providers in the last few years, there are many companies that are willing to provide payment processing services to the medicinal marijuana industry. The services are mostly provided under the category of high risk merchant accounts with special terms and conditions. Even when the top credit card processors blocked their services to medical marijuana merchants in July 2012, many merchant account providers found alternates from the diverse options available in the payment arena to continue their services to their clients. Many account providers came up with new and innovative payment procedures that qualify and provide for the needs of the medical marijuana industry.

With good numbers of online merchant account providers available with a large variety of payment solutions specially designed for the medical marijuana industry, the decision to choose one is becoming a difficult one for owners of marijuana dispensaries. Business owners need to do detailed research before making a decision about the authenticity of account providers, their payment processing method and the history. Go to online review sites that can help you read some reviews about the past customers that can help you in making a decision. Make sure that the payment procedure used by the company suits your business, look for the history of the company and their consistency in providing services. Learn if they have a history of blocking and reactivating accounts for medicinal marijuana dispensaries again and again under the federal pressure. If this is the case, avoid such company and look for options that have a history of consistency. There are several payment processing methods offered by different companies, but point of banking programs are the most used for medicinal marijuana merchant services.

For the medicinal marijuana industry, the business is evolving and thriving at the same time. New investments and money are pouring in, with the awareness about the benefits that medicinal marijuana have. The only thing that can help you take advantage of the large demand of your product is to find a good medicinal marijuana merchant account that can simplify your payment processing.

What effects on America does Sanjay Gupta’s recent opinion on Medical Marijuana have?

Posted on August 22, 2013 by admin

Marijuana is one of the most controversial conversations of the century and if you went back in time, you could see that William Hearst had a hand in the problem. Along those same lines, the medical marijuana community is divergently changing the minds of many politicians and scientists. Getting the real information into the public’s hands and educating as many people as possible.

We all know that herbs are a good thing to have for one issue or another. And we also know that too much of a good thing can make you sick. Scientists are discovering the benefits of marijuana and sales have been riveting. Merchant’s services accounts have sky rocketed, as well as the mobile sales devices.

Merchant accounts for high risk businesses are tricky at best, even though our airlines and movie ticket sales are developed through high risk merchant accounts. Marijuana sales are grouped right in that sales arena.

Sanjay Gupta to the rescue

However, with the bravery of Sanjay Gupta, CNN’s chief medical expert, things are changing. With his bravery and his initiative of a documentary, more people are communicating, about the sales of medical marijuana, than ever before.

With the onslaught of media and social media firing up the airwaves, the discussion just got fiery hot. Gupta is showing the medicinal reasons we need this drug on the market, not hiding it in the dark corners. For over eighty years, the government hid it from us because of a newspaper man, who deemed it as a class 1 narcotic with no medicinal means to it.

The truth shall prevail

If this drug can assist with medical issues, why wouldn’t we use it? It’s a natural product and could be a wonder drug. If we don’t explore the issue, how are we to learn the positive aspect to this drug? We already know the negative areas that it can affect. How about we turn that around and do something good with it?

A dream

With knowledge, it stomps out ignorance. With education it reveals the truth and lets the fallacies float away. The same goes with the argument of marijuana. It has suffered years as the drug that does us no good. It suffers under the high risk merchant account problem areas. And it causes the issuer problems if it is found in the seller’s car in the wrong state.

Sanjay Gupta has come to the rescue of many people, but his information is slow in coming, and may very well not reach everyone before they have suffered under the legal side of the issue. The day is coming, that the drug that William Hearst used to save his business, will be released to the masses to assist with pain, disease and other problems. It will no longer be the scapegoat to the prohibition era, and no longer be classified as a class one narcotic, evermore.

How William Hearst influenced the war on Marijuana

Posted on August 21, 2013 by admin

William Hearst waged a war on marijuana to take away the competition using any means necessary to stabilize his livelihood. Unfortunately for the American people he had political pull and he wasn’t afraid to benefit by using his strong influence. Back in the roaring twenties, as we came into the technological age, our beliefs and things we understood, were antiquated at best.

The black cat was still to be feared. Polio was a killer and so was the common cold. People still believed that bleeding a person was the only way to save them. And in among all this geriatric learning we did, one evil was traded for another.

Hearst’s influence

Hearst joined the wealthy DuPont family who held many exclusive patents on chemicals used in manufacturing paints, plastics and paper that could become worthless if hemp products became widely available. Hearst was fearful of the affects those products would have on his paper mills and other businesses. So they formulated a plan to prevent the cultivation or importation of hemp products into the United States as many men do when they’re threatened.

With his friends of fancy and plans being laid, the Volstead Act was worked on until he had it abolished and replaced with the war on drugs. This circle of influence reached to the highest of our politicians. Whether or not they knew they were being used, is entirely up to history. Between 1930 and 1937, Hearst and the DuPont Empires, had convinced several states to outlaw marijuana possession and by 1937 “The Anslinger Act” – formally known as the “Marihuana Tax Act of 1937” – was passed by Congress. It imposed a prohibitive tax on the cultivation and importation of hemp and hemp products and criminalized marijuana use at both the state and federal levels.

Using his paper

He began the war with his newspaper and surreptitiously began attacking the DuPont’s and their empire. All the while, being very wily and fox like. His articles were scathing, and bringing forth the evils drug lords and pot smokers could do. He was terrifying the quiet house wife, and preaching to all those that would listen.

The newspapers of the time were known as the Muckraker’s for a reason and William Hearst and the influence he derived, was no exception. He had no problem with assisting in the continuation of fraud, fear and keeping the balance on his side of the sidewalk.

It was so devoutly done that in 1937 Marijuana was outlawed and alcohol became legal to have again. The Speak Easys died away and Hearst held onto his empire.

All that legal wrangling done over eighty years ago and we still have issues with the marijuana trade. It’s also a part of the high risk list for merchant accounts. Right along with airline tickets, musical tickets and simple things that we all rely on daily. Who would know, that William Hearst’s ramblings in his newspaper would still have a handhold on us almost a century later.

Although we know that people that use the marijuana respond differently to it. Some have no effects and others have grand ramifications. The point is, this little weed and other high risk merchant accounts have difficulties reaching a decision because of their fly by night methods. Because one man deemed this plant something of evil, and beyond reason, several other industries followed.

So, when searching for something, the lesson is, don’t discriminate until you have the entire story. You have no way of knowing, how it will affect everyone.

Commercial Hemp Production in the Future for Kentucky?

Posted on February 11, 2013 by admin

by Erik Altieri, NORML Communications Director

In a statement published Thursday, Senate Minority Leader Mitch McConnell (R-KY), a previously outspoken opponent of marijuana law reform, did something surprising. He came out in support of allowing the production of industrial hemp.

“I am convinced that allowing its production will be a positive development for Kentucky’s farm families and economy,” McConnell’s statement read, “The utilization of hemp to produce everything from clothing to paper is real and if there is a capacity to center a new domestic industry in Kentucky that will create jobs in these difficult economic times that sounds like a good thing to me.”

The Senator cited his discussions with fellow Ketucky Senator Rand Paul and Kentucky Agriculture Commissioner James Come as being influential in his new position.

It is worth noting, that as recently as last year, Senator McConnell was vociforus in his opposition to marijuana law reform. Replying to a constituent’s letter in 2012, McConnell stated that he was opposed to legalizing marijuana due to the “detrimental effects of drugs..[such as] short-term memory loss, loss of core motor functions, heightened risk of lung disease, and even death.”

While he makes clear that he wants hemp regulated in a way “that does not compromise Kentucky law enforcement’s marijuana eradication efforts or in any way promote illegal drug use,” perhaps his new found support for hemp will become his “gateway” to supporting further rational marijuana policies.

If you own a medical marijuana dispensary and need a merchant account or payment processing services, click on the icon below to sign up:

Wireless Payment Processing for Marijuana Dispensaries

Posted on February 11, 2013 by admin

Delivery dispensaries can now accept payments on the go with our wireless MMJ program. Delivery dispensaries have not had a reputable solution due to technological issues with the debit networks that most dispensaries now operate on.

The payment processing landscape for medical marijuana is ever changing, with recent legislation introduced on a federal level, things may once again change in the near future. For now however, the medical marijuana industry is limited to accepting PIN based transactions, for both retail and mobile transactions.

The High Risk Guys are proud to launch a new wireless program for medical marijuana merchants. Our program uses a wireless terminal, the Verifone Vx610 shown below:

We have a variety of pricing and equipment placement programs depending on the size and number of transactions of your dispensary. We also offer discounts if your dispensary has both retail and delivery services.

We specialize in providing customized solutions for the medical marijuana industry including gift and loyalty card programs, online ordering systems and even text marketing. Our programs will help you increase your patient base, lower your operating costs and ensure customer loyalty.

To find out more about our wireless merchant account solutions for medical marijuana dispensaries, click on the icon below:

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