Tag Archives: Marijuana Business Funding

The Marijuana Industry is Hot, but the MMJ Processing Industry is Still Warm

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Marijuana Business FundingThe legalized marijuana industry is hot, and it keeps getting hotter. This fantastic for local and state economies, as well as for the customers who relish the product. However, even though the business is making a significant amount of money, the processing industry is not catching on. Sadly, the legalized marijuana industry is stigmatized by the mainstream – and often “high risk” – merchant account providers. It can be tough to find a marijuana processor, or even marijuana business funding. While tough, it is possible. You just need to know where to look.

MMA is one of the few in the processing industry that caters to legalized and medicinal marijuana sales and funding. One of the reasons that processors are reluctant to deal with marijuana business funding is that marijuana is still illegal in the federal government laws. However, it is legal in certain states, and as long as rules are followed in the various states, counties, and cities, it is legal. Whether you are an existing marijuana merchant, or a newbie, you need to check out MMA.

One of the best things about MMA is that you can obtain a marijuana business funding account even with a not-so-great credit score. This is rare for any business type, let alone a business type that is so taboo in the industry. We at MMA also offer wireless payment processing services, which allow for mobile or delivery dispensaries to use our PIN-based program for plastic card payments. We also provide traditional terminals for in-store dispensaries. Both types are legal, as they operate under the Visa/Mastercard guidelines. Regardless of your business set-up, we have a processing solution for you.

Whether you are new to the business, or are struggling to maintain your legalized marijuana business, we at MMA have a solution for you. From business funding to mobile processing, we are at the top of the industry in service, security, and technology. If you have not stopped to check out your options, do so.

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Maine’s Medical Cannabis Sales Continue to Grow

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MarijuanaTaxes on Maine cannabis dispensaries was 40% higher in 2014 than 2013. Sales have obviously increased by a similar amount. It has been estimated that Maine dispensaries sold an estimated $16.2 million worth of cannabis in 2014. According to the latest figures, the state tax collected was around $900,000.

Maine is home to eight dispensaries, 1,720 registered caregivers and 15,000 MMJ patients. The Press Herald has estimated that caregiver sales totaled between $45 million and $60 million in the year of 2014.

According to the NORML Foundation, Maine’s medical marijuana law defines a primary caregiver as a person that provides care for a registered caregiver. “The caregiver must be 21 years of age or older. The caregiver can never have been convicted of a disqualifying drug offense. Patients can name one or two primary caregivers. (Only one person may be allowed to cultivate marijuana for a registered patient).”

Under Maine’s medical marijuana law, a patient is allowed to possess two and one-half ounces and must meet certain qualifying conditions: cancer, chronic pain, Crohn’s disease, Alzheimer’s disease, inflammatory bowel disease, post-traumatic stress disorder, Parkinson’s disease, HIV/AIDS, etc.

While medical marijuana use is legal, the recreational use is not. Maine is one of many states that are pushing for the legalization of recreational use. States that already have recreational bills on the table – or are expected to soon – include: Alabama, Arizona, Connecticut, Florida, Hawaii, Illinois, Maine, Maryland, Massachusetts, Missouri, Nevada, New Jersey, New Mexico, New York, Pennsylvania, Texas and Wisconsin.

If you are considering starting up a business in this industry, you are probably more than aware of the risk involved. In addition, you may have already experienced obstacles in receiving funding. As long as cannabis is considered a Schedule I drug on the federal level, funding from traditional sources is going to be very difficult if not impossible.

Fortunately, there is marijuana business funding available for those who wish to enter the industry by starting a business. There are providers that specialize in offering high risk merchant accounts, check processing and payment gateways to those who are struggling to find solutions elsewhere.

Allow Marijuana-merchant-account.com to be your online source and solution. Take advantage of the simple application process, low rates and exceptional customer service.

Apply and receive marijuana business funding today!

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The Momentum Needed to Legalize California

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Marijuana Business FundingCalifornia was the first state to legalize medicinal marijuana, but has fallen behind in the efforts to legalize it for recreational use while Colorado, Washington, Oregon, and Alaska has successfully started selling and making profits from marijuana sales. It was thought undoubtedly that California would have been the first state to legalize recreational marijuana, but with California’s different campaigns and multiple population centers, it has been hard for everyone to focus solely on the marijuana legalization campaign. Here are a few things that it would take for California to legalize marijuana.

The most important and main step to take for California to legalize marijuana is to actually have the campaign be the main focus during the election. The last two elections had too many competing initiatives that refused to work together. Given, California has other initiatives such and education and healthcare that need to be addressed and many are not willing to unite together to spend their funding and time into a campaign that contradicts their belief system. It will take everyone’s resources and efforts to really get the marijuana campaign noticed in the state.

Let’s say the reform community unites and large contributors follow, the next step would be having money to fund the recreational marijuana campaign. It will be no easy feat, it took Oregon 4 million dollars in campaign spending to legalize the drug and that was a smaller state. It would take an estimated 18-20 million dollars to legalize marijuana in California and additional millions for behind the scenes spending. The signature requirement is much higher in California compared to other states and has more population centers around the state, which translates to more money needed to have stronger media campaigns in the population centers. Now, if the funding for the campaign were met, to successfully win the vote to legalize marijuana it will require a strong campaign team.

A strong campaign team will be needed that consists of California reform leaders and members from other successful campaigns that are willing to focus on the legalization of marijuana. If these groups of people got together then surely marijuana would be legalized. Join California’s marijuana industry by receiving marijuana business funding with marijuana-merchant-account.com. Become a marijuana merchant and join the already thriving industry.

All hope is not lost for California in their pursuit to legalize marijuana. By chance, the California Legislature could even legalize marijuana before the election and save time and money in campaigning, but without relying on that, the listed steps would be needed to see legalization happen in the state of California. California is relentless in making change happen, if the 2016 election doesn’t prove to be successful, there will always be the years onward to fight to legalize their beloved plant.

Contact us today for Marijuana Business Funding options

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Marijuana industry creates new job sector with an estimated 200,000 jobs

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OLYMPUS DIGITAL CAMERAThe Marijuana industry will create an estimated 200,000 jobs by the end of 2015, with a forecasted $21 billion in revenue by the year 2020. The marijuana legalization measure passed in December 2014 will bring safety for those interested in working in the marijuana business. New employees are hired every day as the marijuana industry continues to grow.

With the new Federal spending bill that was passed, Marijuana operations are free from FDA and DEA raids as long as they abide by state laws. This is a monumental step towards more people feeling confident working in the marijuana industry. The estimated 200,000 new jobs that will be created should help the influx of college graduates and cannabis entrepreneurs looking to grow their business.

Benefits of the medical marijuana can be more widely available as more operations will be opening up throughout the legal states. The estimated $21 billion in revenue will surely bring in the much needed tax dollars. Progressive times are evident as the cultural shift towards cannabis acceptance is happening before our eyes.

The new and growing marijuana industry clearly forecast an upwards climb in sales as new grow operations have received the green light to grow without FDA or DEA interruption. Depending on the demand, the industry could actually be worth more than the estimated figures by 2020. If you are interested in getting into the industry make sure to get the proper marijuana business funding to start your business. At marijuana-merchant-account.com they can help you with all the necessary funding to buy supplies and materials to get your business up and running. With industry specific knowledge, they can help you with all your marijuana needs.

The marijuana industry is without a doubt a growing industry. California is suggested to be worth $31 billion in cannabis, which is a huge return in tax dollars. With the new marijuana bill in place, time will tell exactly how many new jobs and revenue will be created. As of now, this is the best time to revel in the new changes and the opportunities it will bring.

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