Legalize Marijuana In Ohio | Marijuana Dispensary Merchant Accounts

Progress is being made in the state of Ohio towards an amendment that would legalize recreational marijuana. The pro-recreational marijuana organization ResponsibleOhio has raised $36 million towards getting the amendment onto the November ballot for 2015. The group aims to craft the amendment to allow 10 commercial growing sites within the state to provide cannabis for the recreational market. These 10 commercial sites would be owned by investors supporting ResponsibleOhio’s campaign.

ResponsibleOhio cites the state’s wasted money in failed anti-drug enforcement as one major reason for alternative solutions. Ohio spends over $120 million each year on drug law enforcement that is ineffective against the casual marijuana user. The group also claims that a recreational marijuana industry would create jobs, increase safety of marijuana users, and offer more freedom to Ohioans.

Jump starting the fund raising process isn’t the only roadblock for investors. The amendment has already been turned down once by Ohio Attorney General Mike DeWine once. ResponsibleOhio changed their proposal per DeWine’s advice and, if approved, will need to be deemed acceptable by the Ohio Ballet Board. Finally, over 300,000 signatures must be collected from Ohio voters before July 1st. If these requirements are met, the amendment would be included in time for the November ballots.

Aside from the difficulties getting it onto the ballot and legalized, any potential merchants in the recreational marijuana industry in Ohio would need to navigate the discrepancies between state and Federal law. Banks rarely process credit and debit payments for marijuana businesses due to legal risks facing the business. This causes most marijuana merchants to seek out specific marijuana merchant accounts from other merchant service providers.

ResponsibleOhio’s aims to have an amendment in place in time for November balloting clearly have the support of investors. With $36 million at their disposal, hopes for getting the bill in place and ready for Ohio’s 11.5 million residents improve. Obstacles and road blocks remain, but the investor groups backing ResponsibleOhio clearly mean business. If approved, Ohio would be well on its way to being the next state to open itself to the profitable recreational marijuana industry.

We’re ready to help with your marijuana merchant account, when you are.

Ed FitzGerald, the democratic candidate for Ohio’s governor, is in favor of legalizing marijuana. While some see this as an opportunity to get the younger vote, there is an overwhelming majority of Ohioan voters who are in favor of the legalization. While 23 other states have legalized marijuana, the fact is that FitzGerald is steadily behind in the polls. While he may not win, perhaps the legalization of marijuana may get some attention.

While the legalization of marijuana helps cut down on arrest rates, it also helps the local economy. Denver’s economy is booming, thanks to a recreational marijuana legalization. Other states economies are growing, as well, thanks to the legalization of medical marijuana. It not only gives jobs, but the money coming in helps fund other projects, from roadways to infrastructure, that otherwise would not happen. Therefore, the legalization of marijuana is good for the entire community.

If or when it is legalized in Ohio, it is the perfect way to invest in a business. However, you will need to make sure that you have the services of a reliable medicinal marijuana merchant account provider. This is because many merchant account providers run quickly from legalized marijuana vendors, due to their increased risks of incurring fraudulent charges. You need to make sure that your merchant account provider is experienced with legalized marijuana vendors, and the ups and downs that the industry can bring upon the vendor and merchant account provider. You need www.marijuana-merchant-account.com.

At MMA we know how lucrative the legalized marijuana industry can be. We also know the benefits it can provide for both your customers and your local economy. Our security systems help us keep you and your customers’ information safe, which is very important in the age of massive hackings. We are dedicated to our legalized recreational and medicinal marijuana merchant account holders, and we will help you every step of the way, to ensure that your businesses accounts are kept safe, secure, and running.

For more information, contact us today!

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Tag Archives: Legalize Marijuana in Ohio

Investor Group ResponsibleOhio Aims for Recreational Marijuana Amendment for November Ballot

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