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Tag Archives: Canadian MMJ Industry

Canadian Supreme Court Legalizes Edible Medical Marijuana

Posted on July 24, 2015 by admin
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Marijuana in CanadaOn July 11th, the Canadian Supreme Court ruled that medical marijuana will be legal in both consumable and inhalable forms. Until now, medical marijuana has only been available in inhalable form. The ruling is a win for individuals who use medical marijuana but do not want the hassle of smoking or rolling up, or hiding their medicine. Now more discreet users can conceal marijuana and use it in more enjoyable ways like in baked goods or other edibles.

The ruling declared the restriction of medical marijuana in a dried form as “null and void.” This effectively ends the prohibition of possession and trafficking of non-dried forms of cannabis. The decision officially supports an earlier ruling made by the British Columbia courts that states this goes against an individual’s right to use medical marijuana in the form they want. Plaintiffs in the earlier rulings complained that many who consume medical marijuana want to consume it in less potentially harmful ways than smoking. Methods like baking cannabis into food, and brewing cannabis leaves in teas are more non-invasive ways to consume and enjoy medical marijuana. Up until this point, innocent users were at risk with being charged with trafficking or possession under the law.

Advocates are excited over the ruling. They believe the legislation will make the lives of medical marijuana users better. For example, cannabis oil is obviously easier to administer to young epileptics than having them smoke the drug. Advocates want to stress that medical marijuana is generally the last resort for patients. Therefore there is no sense in restricted forms of marijuana use.

This is a huge breakthrough for Canadians in need of medical marijuana and for the medical marijuana industry in general. This could lead to small businesses dedicated to making and selling consumables specifically for medical marijuana users. It also may inspire other countries, like the U.S., to loosen medical marijuana laws for their citizens.

Medical marijuana payment processing will be vital for any organization or business that wants to capitalize on new legislation. If you want to start a medical marijuana merchant account but don’t know how, MMA will provide competent payment processing for your medical marijuana business.

Learn more about Medical marijuana merchant accounts by clicking below.  

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Posted in Canadian Marijuana | Tagged Canadian Marijuana Industry, Canadian Medical Marijuana, Canadian MMJ Industry, Legal Canadian Marijuana, Medical Marijuana Merchant Account | Leave a reply

Canadian Marijuana Stock Prices are on the Rise

Posted on October 1, 2014 by admin

5825474Canadian marijuana stock price are on the rise. Yes, stocks, as in Wall Street-type stocks. Canada has taken advantage of the booming industry, by letting it become publically traded, and so far it looks like a successful venture for brokers and traders. While the US is surely years off from making legalized marijuana mainstream, this does show promise.

Far into the future, this may become a reality one day for us in the lower portion of North America. However, if marijuana is anything like legalized alcohol or tobacco, there will always be a group that is 100% against it. Take into account that in early 2014 the state of Georgia tried to pass a bill to legalize cannabis oil for autistic and terminally ill children – cannabis oil, which we know is different than actual cannabis – and the bill failed. If lawmakers are not going to help sick children, do you think they would capitalize on the public trading of marijuana? Well, money talks in the United States. In the meantime, small merchants are taking advantage of the legalized marijuana boom in the United States. All it takes is a business mindset, determination, and a product. Oh, and a marijuana merchant account provider.

For that last part, you need the services of us here at www.marijuana-merchant-account.com. We know that it is a tricky, perhaps even risky business to get into, yet it can help many people. It not only allows people to get their medically-prescribed marijuana, or get their recreational high legally, but it also helps build the local economy by employing, paying taxes, and creating a tourist stop, that many would otherwise not take. This is the perfect time to get into the industry, and we at Marijuana Merchant Accounts are here to help you.

For more information about starting your own legalized marijuana business, or to set up a cannabis merchant account, contact us today!

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Posted in Marijuana Merchant Account | Tagged Canada Marijuana, Canada Marijuana Industry, Canadian marijuana stock price, Canadian MMJ Industry, cannabis merchant account, marijuana merchant account, Marijuana Merchant Processing

Canadian MMJ Industry Experiences Overwhelming Investor Interest

Posted on April 10, 2014 by admin

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While the medical marijuana industry is taking small steps in the States, it is experiencing unexpected growth in Canada. As the industry is presently experiencing in the state of Colorado, it is difficult to raise money and find funding especially when trying to start a marijuana-related business.

According to the article Crowdfunding Site to Provide New Financing Option for Cannabis Startups, Marijuana Projects by MMJ Business Daily, “Landing loans and investments is so tough that more than 80% of cannabis business owners rely solely on their own personal savings and credit cards to launch their operations.”

Canada, however, is experiencing a higher level of investment interest than was anticipated. It was the goal of PharmaCan’s CEO, Paul Rosen, to raise $5 million. However, according to Rosen himself, the response he received was “overwhelming”.

PharmaCan, an investment company, is invested in The Peace Naturals Project and the Whistler Medical Marijuana Corporation. Both of these institutions have received licenses from Health Canada which allow them produce and distribute medical marijuana. In a statement to MMJ Business Daily, “Rosen said he is confident that a third company he’s invested in – Vert Medical/Green Medical – will also receive a production license.”

When PharmaCan began its venture for financing, it did not expect to receive the kind of response that it did. To Paul Rosen’s surprise, the company not only met its goal of raising $5 million but surpassed it by reaching $9 million. In total, PharmaCan has seen $10 million in marijuana investment during the past year.

On April 1 of this year, Canada expects to kick off its new medical marijuana program. In addition to this big step, a federal judge has ruled that Canadian home growers are permitted to continue to grow their own marijuana. In the article Huge MMJ Interest in British Columbia, But Bans Possible by Marijuana Business Daily, it was reported that “Health Canada is currently accepting license applications for medical marijuana businesses, and about one quarter of the country’s 450 applications for commercial cultivation of cannabis have come from British Columbia.”

All in all, it will be interesting to compare the growth of the Canadian marijuana industry with that of the U.S. after some time has passed. With the overwhelming amount of support and investment the industry has received in Canada and U.S. firms looking to tap the Canadian medical marijuana market, it looks as though it is well on its way to becoming a booming industry for the country.

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Posted in Marijuana Merchant Account | Tagged Canada Marijuana Industry, Canadian MMJ Industry

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