The Marijuana Industry in California is Growing

Posted on October 1, 2014 by admin

The legalized marijuana industry is growing in California, much to the delight of merchants and customers. While medical marijuana has been fought over for years, studies have proven that it does provide benefits for its users. California is a large state, and with the masses clamoring for more legalized marijuana merchants.

Whether you are an experienced merchant, or looking to enter into the business marketplace, legalized marijuana is a great are to venture into. It is, well, legal, it is new, and many are hesitant to enter into it, due to many rules and regulations that confused merchants. When you enter into this industry, you need the best possible partners to help your business. I am not talking about monetary partners, but business partners. People and businesses that are familiar with the legalized marijuana industry, and are comfortable working with it. This is a major issue when it comes to finding a marijuana dispensary credit card terminal.

You need a card terminal to accept plastic payments cards. This is an absolute must, as the majority of consumers pay with plastic credit or debit cards on a daily basis. You need a provider who is experienced with the ins and outs of the marijuana dispensary industry. You need the services of Marijuana Merchant Account. With Marijuana Merchant Account, your information, and your customers information will be secure. We offer the best security, software, and terminals for your marijuana dispensary. While other can drop your business when times are tough (i.e. a fraudulent charge), we will not. We will help you determine if the charge is indeed fraudulent. We offer industry-standard rates, and we will not trump up charges just because you offer marijuana as a product. Whether you are looking for a new credit card terminal for your dispensary, or if you are just interested in opening a marijuana dispensary,

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Canadian Marijuana Stock Prices are on the Rise

Posted on October 1, 2014 by admin

Canadian 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!

Denver Marijuana Stores Create Massive Economic Impact

Posted on October 1, 2014 by admin

Many doubted the economic impact of legalized marijuana, but two cannabis retailers in Denver, Colorado have convinced them. The two retailers, Evergreen Apothecary and Colorado Harvest Company, have contributed around 280 jobs, and over 30 million in local economic impact. This does not include the nearly $200,000 they will pay in state business taxes. The impact comes in many forms, from their paying their workers, to the workers spending their money in the area, and even tourists who would otherwise not come to the area, spending their money in hotels, restaurants, and other retailers. Overall, the legalization of marijuana is good for the economy.

This is great, and you can help out, as well. If you are in the Denver area, or live in another locale that offers legalized recreational marijuana, why not invest in a business? It doesn’t have to be a large business to make an impact. It is rather easy to open and operate a marijuana retail store, and aside from city and state paperwork (and the product) there is only one other thing you need: A marijuana merchant account. It may seem like a task to find one, but one is actually closer than you can imagine.

Marijuana Merchant Account is the premier medical and legalized recreational marijuana merchant account provider in the United States. We know the stress you could be under as a medical marijuana merchant, and we will not abandon you if something goes wrong with your business. We know that you may incur a fraudulent charge, and we will help you determine if it is indeed fraudulent. Our merchants are offered the best security, software, and terminals, to help combat data theft. Our rates are industry-standard, and we do not trump them up just because you operate what some consider a “fad” business.

For more information about obtaining a medical marijuana merchant account, contact us today by clicking below!

Medical Marijuana Industry Poised To Exceed $8 Billion by 2019

Posted on June 27, 2014 by admin

A new report published by IBISWorld Research claims that the medical marijuana industry could reach a revenue of $8.4 billion by 2019. In 2014 the revenue is projected to grow by 63.1%. Annually, the growth rate would be nearly 19%.

There are some challenges that the industry could face including state and federal regulations. Due to many state laws medical marijuana is mainly a small business operation though the industry is set to pay more than $750 million in wages making it very valuable.

As such there are many companies which will expand their operations, unveil new products and new partnerships to continue to grow in the cannabis market.

DirectView Holdings, Inc. (OTCQB: DIRV) a leading security and video technology company has created a strategic partnership with CannaPods, LLC to be the exclusive security solutions provider for CannaPod’s customizable portable cannabis grow rooms. The terms of the agreement mean that CannaPod will recommend DirectView as the vendor for its cannabis grow room environments. DirectView could then provide video surveillance, video monitoring and video recording products to CannaPods and sister company PonicPods, LLC., which makes growing environments targeted at a variety of industries including organic foods.

In regard to new products Green Cures & Botanical Distribution Inc. (OTC: GRCU) are taking steps to innovate in the cannabis and botanical industry by creating high quality hempseed oils and cannabis flower topical medicinal and botanical products. With plans to work in multiple industries including Nutritional Supplement/Dietary, Health and Wellness, Functional Beverages, Hemp and Online Marketing the company stands to gain significant sales especially in the Nutritional Supplement/Dietary industry which is evidently worth more than $31 billion in the United States. It is estimated that half of all Americans use some type of dietary supplement and 40% use nutritional ones.

MediFarm LLC, a subsidiary of Terra Tech Corp. (OTCQB: TRTC), recently obtained a special permit in Clark County, Nevada to create a medical cannabis cultivation and production facility which will allow it to expand its extensive experience in agriculture and medical cannabis growth. The company will now seek approval from the state for the proper business license to operate its facilities.

Vapor Group, Inc. (OTCQB: VPOR) is set to introduce a new line of high-end products at the Weedstock Cannabis Investor Conference in Denver. The company plans to display a new line of vaporizers including the “Vapor Box THB” which gently heats the dry herbs or oil-wax with air inside a controlled temperature heating chamber. This would vaporize without burning an herb unlike current vaporizers which use heating coils. It has been created to have a 10,000 hour lifetime.

With so much expansion in the marijuana industry the use of marijuana merchant accounts is set to grow as well as facilities look for ways to securely and effectively process payments. Payments are an important part of the industry and the facilitation of payments through a marijuana merchant account will make the process easier and more efficient.

For a Marijuana Merchant Account contact us today!

New York to approve limited Medical Marijuana Use

Posted on June 27, 2014 by admin

The state of New York has nearly come to an agreement on a pilot program to give access to marijuana to ill residents of the state. This came after several days of negotiations which could made the state the 23rd in the United States to accept the use of marijuana for its medical properties.

The process to approve medical marijuana was full of intense negotiations between Governor Cuomo and the state legislature. The final agreement, which will be voted on by the senate and passed by the week’s end, was reached after several caveats were elaborated.

First, and most notably, no smoking of the drug will be permitted. Medical marijuana patients can use edibles and tinctures in lieu of smoking marijuana though patients can inhale the drug by using vaporizers, which are similar to e-cigarettes.

Another caveat is that only a limited number of illnesses could potentially qualify a patient for medical marijuana usage such as AIDS, cancer, epilepsy and other serious degenerative diseases.

Also, the marijuana will be grown in the state of New York and all sales will be taxed at a rate of 7 percent.

The State Health Department will be in charge of overseeing the program as a whole. The department has a provision allowing it to end the program at any time. The governor cited the opt out clause as necessary in order to maintain public health and safety. There is also a clause that puts a seven year lifetime on the bill unless re-approved by lawmakers.

The department will have as much as 18 months to create regulations that govern the use of medical marijuana. This will include the entities that will be permitted to dispense it, which will be limited to five organizations initially. It has yet to be seen which organizations will handle the dispersion of the drug or how they will accept payment from customers though a marijuana merchant account could greatly improve the effectiveness and sales of medicinal facilities.

While the Assembly has passed five bills to support medical marijuana they were always essentially killed in the senate. In recent weeks, republicans and democrats have come together to support the bill in an effort to provide patients with a form of relief from treatments such as chemotherapy.

Supporter’s of the use of medical marijuana, while pleased with the bill criticized its limitations and methodologies, specifically regarding not allowing the drug to be smoked.

For a Marijuana Merchant Account contact us today!

Will E-Cigarettes Aid in the Fight against Alzheimer’s

Posted on June 27, 2014 by admin

While nicotine has been associated with smoking and the dangers therein recent studies have found that nicotine could be beneficial for patients with neurological diseases such as Alzheimer’s.

The surgeon general’s annual report stated that over 20 million people have died from causes associated with smoking. 87 percent of lung cancer deaths are caused by smoking. As such there has been an effort to educate smokers regarding the risks of smoking cigarettes.

New studies though, conducted by Dr. Paul Newhouse of Vanderbilt University’s Center for Cognitive Medicine, have connected nicotine and improved brain function. The patients in the study had mild cognitive impairment, which is considered a precursor to Alzheimer’s.

The results suggest that nicotine might provide medical benefits when not smoked as a traditional cigarette. Nicotine is a stimulant which activates cholinergic neurons that are common in the central nervous system. Alzheimer’s causes those same neurons to die.

Dr. Peter Whitehouse, a neurologist at Case Western Reserve University in Cleveland, became one of the pioneers in research of how nicotine receptors impact memory. He suggested that if stimulated, nicotine receptors could have a positive effect on patients with neurological disease.

Dr. Newhouses’ recent study found that using nicotine patches on nonsmokers allowed patients to regain 46% of their age-adjusted normal long-term memory. Those patients who did not receive the patch experienced memory decline of 26%.

These results were consistent with a previous study conducted by Dr. Newhouse which found that receiving nicotine intravenously improved memory in Alzheimer’s patients. All of the results were confirmed by memory tests.

While these results seem quite consistent no research has been conducted regarding e-cigartettes and their role. E-cigarettes deliver nicotine in an inconsistent manner and this could change the positive effects seen in the trials where patients had a patch or intravenous injections. In addition, the vapor of e-cigarettes contains traces of carcinogens which are toxic.

A big challenge in proceeding with research is to change how nicotine is perceived. While scientific research has improved how the public perceives marijuana, it might take more time and research before the same happens with nicotine.

Tobacco research by pharmaceutical companies could aid as happened with drug developers, like Solvay Pharmaceuticals and Solvay Pharmaceuticals and GW Pharma, which have all used marijuana to synthesize marijuana cannabinoids (THC) for cancer patients and diabetics.

Because the pharmaceutical companies were able to change perception laws were changed and people began to use medical marijuana. Medical marijuana facilities needed a safe and easy method for processing payments for patients. The marijuana merchant account is a great solution that allows a secure and quick transaction.

Click on the button to have your merchant account set up today!

Massive Funds Head to Marijuana Start-Ups

Posted on June 26, 2014 by admin

A new online start-up website is making waves. This website, CannaBuild, lets merchants describe and recommend strains of their inventory. While this does not seem like a big deal, it is. CannaBuild launched primarily from start-up funding from online donors. This is outstanding, and it can help ease the minds of future business owners who fear that they cannot afford, or obtain a loan, to secure their dispensary dreams. While crowdsourcing is the newest way for up and coming companies to garner funding, you could face later difficulty finding a marijuana payment processor.

Banks and many processors will not work with marijuana business, even in areas where it is highly accepted. These businesses are considered to be “high risk”, meaning that they are at a higher risk of having fraudulent activity occur. While this is true, it should not be so difficult to find a marijuana payment processor. It actually is not…if you know where to look. Where you need to look is to MMJ, or marijuana-merchant-account.com.

MMJ has over 10 years’ experience in dealing with marijuana payment processing. From medical marijuana to legalized recreational marijuana, we deal with it all. We are dedicated to your business, and we believe that you should have access to the same processing services as more mainstream businesses. We offer top of the line terminals, software, and security. In terms of terminals, we also offer wireless terminals, which are great for small workspaces. We are 100% legal, and our terminals accept Visa and MasterCards. While crowdsourcing is great, it can only help you launch your business. It cannot help you advance your business, or accept payments. For this, you need the services of MMJ.

Crowdsourcing is helping many marijuana businesses get going. However, while this system is great, it can only help get your business up and running, and it cannot help advance it or process payments. For this, you need the services of an advanced and experienced marijuana payment processor. You need MMJ. We have over 10 years of industry experience, and we are available to help you.

For Marijuana Payment Processing contact us today

Dispensaries are teaming up with Hospitals and Universities

Posted on June 26, 2014 by admin

Medical marijuana dispensaries are gearing up to team with hospitals and universities, in areas where medical marijuana is legal. This is fantastic for patients who would rather rely on the natural benefits of medical marijuana rather than pills. While this is not yet set in stone, it represents a great opportunity for those who are interested in being medical marijuana merchants.

Medical marijuana dispensaries are not only helpful to the community, but they can also be lucrative. There is a high need for these businesses, yet many are hesitant to invest in these businesses due to many factors, from ever-changing regulations to difficulty finding an account processor. While there is very little that the public can do about the fast changing regulations, there are options available to those who are having a hard time locating a willing bank to provide a merchant account for their medical marijuana business. One of these options is marijuana-merchant-account.com.

Marijuana-merchant-account.com, or MMJ, is one of the top marijuana merchant account providers in the United States. We have over 10 years of account and processing experience within the medical marijuana industry, and we know the hassles that can come with the fast-changing regulations. We will keep you abreast of new and changing regulations, so you can help your business, and customers, stay on the right track. We offer top of the line security, software, and terminals to help keep your company safe and secure. In additional to traditional terminals, we also offer wireless, more streamlined terminals, which is great if you have a small workspace. Regardless of the size of your business (or prospective business), MMJ is here to help you.

Medical marijuana dispensaries are gearing up for partnerships with hospitals and universities. While these agreements are not set in stone, they are promising to medical marijuana users and merchants. This is the perfect time to consider operating a medical marijuana business, and your first step should be locating an experienced and reliable medical marijuana merchant account provider. You should look no further than MMJ.

For more information, click below and get started today!

Florida Has a Long Road Ahead in its Medical Marijuana Debate

Posted on June 26, 2014 by admin

Florida has a medical marijuana bill up for vote this year, and it is hard to tell if it will pass. There are just as many opposed as there are supporters, and it is up to whichever voters show up in November. While it is only a matter of time before Florida accepts medical marijuana, either by this vote or another vote, you need to be prepared if you are thinking of operating a medical marijuana business.

Many banks and traditional processors will not work with medical marijuana merchants, due to their “high risk” label. This label simply means that there is a higher risk of fraudulent activity. It may seem like a dead end if you cannot get a merchant account from a bank or traditional processor. However, there are processors who specialize in marijuana merchant accounts that are here to serve you, such as marijuana-merchant-account.com who is proud to have an excellent team to assist you every step of the way.

Marijuana-merchant-account.com, or MMJ, has been around the medical marijuana industry for over 10 years. We know the dedication and care it takes to operate a medical marijuana business, and we are here to help you. We offer terminals, security, and software as you need it, as well as wireless payment processing for a more streamlined transaction experience. We accept Visa and MasterCard, and we are 100% legal. The ever-changing legislation can easily confuse a merchant if they are not up to date. We pride ourselves in keeping our clients up to date on all of the regulatory and financial changes that may affect their medical marijuana business.

Hopefully the Florida voters will pass their medical marijuana act. If not, there is always another election year looming. Regardless, if you are considering operating a medical marijuana dispensary, you will need the most experienced and equipped medical marijuana merchant account provider. You need MMJ. We have over 10 years of experience, and we know how quickly things can change for the industry. We keep our clients abreast of all changes, so they can make wise decisions for their business.

To open a Marijuana Merchant Account, contact us today

With Fed Help, Colorado May Have World’s First Marijuana Banks

Posted on June 26, 2014 by admin

Colorado is looking to incorporate the world’s first bank to cater exclusively to marijuana retailers, if Congress passes legislation. These banks are set to help marijuana businesses obtain transaction and account services that they would otherwise have difficulty finding. However, even if this legislation does not pass, there are transaction and merchant account services available to marijuana retailers.

The vast majority of banks and merchant account providers turn their noses up at marijuana retailers for many reasons, from not knowing how to deal with these companies to not being well equipped to dealing their high sale volumes. There are options available, namely high risk merchant account processors that specialize in marijuana accounts, such as us, here at http://marijuana-merchant-account.com, or MMJ.

Our advisors at MMJ can answer all your questions and recommend solutions that will help your business reach its financial goals. We offer clients a full suite of payment processing options allowing them to accept more payments than ever. We offer merchant accounts for medical and legal recreational marijuana. We have helped hundreds of medical marijuana dispensaries and legalized recreational marijuana retailers with payment processing services. Our retail locations choose our solution because there are no processing fees, discount rates, or Interchange fees. The patient accepts the convenience fee at the point of sale so there are no fees to the merchant. This also allows you to operate legally and within Visa, MasterCard and the association guidelines. We are at the top of our game, and we look forward to helping you advance your medical or recreational marijuana business. For your marijuana merchant account needs, look no further than MMJ.

It is fantastic that the government is considering legislation to bring forth banks that exclusively help legal marijuana businesses. However, if this legislation does not pass, all is not lost. If you are in need of a marijuana merchant account or processor, you need to look for further than MMJ, as we have over 10 years of experience in the industry.

To open a Marijuana Merchant Account, contact us today

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Tag Archives: marijuana merchant account

The Marijuana Industry in California is Growing

Canadian Marijuana Stock Prices are on the Rise

Denver Marijuana Stores Create Massive Economic Impact

Medical Marijuana Industry Poised To Exceed $8 Billion by 2019

New York to approve limited Medical Marijuana Use

Will E-Cigarettes Aid in the Fight against Alzheimer’s

Massive Funds Head to Marijuana Start-Ups

Dispensaries are teaming up with Hospitals and Universities

Florida Has a Long Road Ahead in its Medical Marijuana Debate

With Fed Help, Colorado May Have World’s First Marijuana Banks

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