Florida’s medical marijuana proposition failed this week. The proposed law that would have made medical marijuana legal in one of the largest states in the nation, needed a 60% vote but fell short at 58%. Another five to ten states will have the opportunity to vote on the decriminalization or medicalization of marijuana in 2016. This trend is reflexive of the majority support of legalizing, or at least decriminalizing, marijuana use for adults in the United States. But does this mean that full legalization is on the horizon?
Recent studies in Colorado have revealed little to no impact on crime, accidents, education, and health since the legalization of marijuana in 2012. Moreover, there is countless more evidence from other states and countries that the fears of anti-legalization are unfounded and downright silly. However, no matter how many states legalize or decriminalize marijuana usage, marijuana merchants will still be restricted by the Federal law that prohibits marijuana use.
Currently, marijuana businesses cannot easily access financial institutions for loans or as payment processors. Neither can they accept convenient forms of payment like credit cards and debit cards, making cash the prominent source of payment. This means that legitimate medical marijuana providers, for example, can’t utilize online payment processes for their clients.
Experts believe that the best way to enable legalization of marijuana, is to have the drug removed from the list of drugs controlled by the Controlled Substances Act (CSA). If this happened, states would be free to apply standard regulatory and tax policies to marijuana or adopt special marijuana related policies and regulations similar to alcohol regulations.
Medicinal marijuana companies who can legally operate in their state, deserve to partner with a credible medicinal marijuana credit card processing company like Marijuana-merchant-account.com to expand their business’ payment options.
Summary: Recent studies in Colorado have revealed little to no impact on crime, accidents, education, and health since the legalization of marijuana in 2012. Experts believe that the best way to enable legalization of marijuana, is to have the drug removed from the list of drugs controlled by the Controlled Substances Act (CSA). Medicinal marijuana companies who can legally operate in their state, deserve to partner with a credible medicinal marijuana credit card processing company.
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