Nevada Supreme Court Push to Settle Marijuana Distribution Battle

Nevada sign with marijuana leafThe legal battle over who can transport recreational marijuana to Nevada’s cannabis shops continues. Earlier last week, the Nevada Supreme Court issued a temporary injunction against the state’s newfound marijuana market; the state Department of Taxation is now unable to license marijuana businesses as distributors.

A request by the Tax Department for the temporary injunction sought by alcohol distributors was denied by the Supreme Court. The court also rejected the Independent Alcohol Distributors of Nevada’s request to dismiss the case. So, the big question remains: will other businesses have just as much right to transport recreational weed to retail facilities as the alcohol trade?

The Nevada Supreme Court has placed this hold on distribution until it can hear oral argument from both sides. This hearing to settle who is allowed to distribute recreational cannabis is scheduled for the beginning of October 3 at Boyd School of Law at UNLV. This legal battle has been going on since June – when liquor distributors sued to stop the licensing of marijuana companies to do their own distribution – and neither group is showing signs of giving an inch.

According to the Las Vegas Review Journal, “Alcohol distributors argue that they have the exclusive right under Question 2 to distribute recreational marijuana from grow facilities to retail establishments for 18 months. The Tax Department found that the liquor industry was unable to fulfill the distribution demands so it had to license other companies.”

This issue has already had negative effects on the marijuana merchants and the market as a whole. With all the legal snags, the state’s overall cannabis supply has suffered. So much so that Governor Brian Sandoval issued a Statement of Emergency over the summer to try and boost distribution of recreational marijuana to avoid people resorting to the black market.

Another huge issue merchants and medical marijuana businesses experience is finding payment processing solutions. Marijuana merchants in need of business funding and payment processing can find fast solutions with alternative lenders like Marijuana Merchant Account (MMA). Specializing in this industry, MMA can provide funds in as little as 24 hours. The “high risk” nature of the industry is not a problem.

The expectation is that this legal battle will be resolved by the end of this year, which will hopefully improve the atmosphere for all parties involved – including marijuana merchants.

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How Mexico’s Pot Ruling Affects Every Marijuana Merchant

Medical Marijuana Payment ProcessingMexico is taking control when it comes to marijuana – at least somewhat. Thanks to a recent Supreme Court ruling, four people in the Mexican Society for Responsible and Tolerant Personal Use can now grow and use their own marijuana. While four people in a country with 122 million people may not seem like a big deal, it does set precedent in a country known for its marijuana issues. The Supreme Court ruled in this case that it was unconstitutional to prohibit people from growing and using their own marijuana, so more are likely to become green thumbs.

Even though it is still illegal to sell the drug in Mexico, this new ruling could possibly ease the government’s mind. It is well documented that the Mexican government is corrupt, and if marijuana is to be legally sold in the future, there is a good chance that the government would somehow profit from it. However, some could argue the same for the United States. When Denver legalized recreational marijuana, its local tax intake was enormous – over $35 million in 2014 – other states noticed the benefit and more and more are voting for its legalization. While still federally illegal, states are taking hold of the benefits that legalized marijuana sales are providing. Denver earmarked millions for its public school system, and the target was hit quicker than the state initially thought.

Marijuana businesses are big moneymakers, both for the state and the merchant. While they are a good business to get into, the major issues for prospective merchants is the banking industry’s ties to the Feds. Because of this, it can be difficult to get marijuana business funding, short of a rich uncle or a lucky lotto ticket. However, it can be possible with a processor dedicated to the legalized marijuana industry, like marijuana-merchant-account.com. Yes, the industry is tough and risky. But if this is your dream – and it is legal in your area – medicinal or recreational marijuana sales can be a very rewarding path. Be it a large store or a small mobile operation, every business needs funding at some time during its existence. Be sure to contact marijuana-merchant-account.com when it is your time.

Contact MMA for Marijuana Payment Processing today!

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