Why Marijuana Shouldn’t Be A Big Deal

Posted on February 19, 2015 by admin

Few things are as controversial and under the debate as the legalization of marijuana. Quite recently, Republicans have tried to form a case of medical marijuana, claiming that the use of the plant should be allowed to treat epilepsy patients. The problem, surprisingly, emerges from a specific characteristic of the cannabis plant. Yes, you guessed it right – the problem policy-makers apparently have with marijuana is its virtually harmless ability to give you a high. Ludicrous, no?

Now this is a little confusing. What about the likes of Xanax and Ativan? What about other prescription pills? What about alcohol? All these are legal because they serve a purpose that outweighs any negative aspect, right? The question, therefore, to be asked is that when such purposes for marijuana are being found, why the hypocrisy?

No one seems to be worried about the buzz that generates from alcohol and the accidents it continues to cause on a daily basis, or how these prescription drugs help you take the edge off. However, when it comes to marijuana, hypocrisy echoes the arguments that favor its prohibition. It is confusing at best, and the arguments that champions of its prohibition present are starting to seem shaky. An example of this is the legalization of this once illegal narcotic in a few, if not all, states.

Truth is, Republicans are pushing for medical marijuana and there seems to be nothing wrong with that. If patients can escape countless hours of suffering at an expense of a little buzz, how is this possibly a bad deal? Moreover, the benefits are not just limited to curing diseases, but this potential legalization also poses a very viable business opportunity for an unexploited niche. Imagine the benefits to the economy.

While selling medical marijuana can certainly be a lucrative venture, it is not without its problems. The biggest issue is that even if you have the legal certification, you will struggle at the hands of different financial institutions, as they will look at your business as a high-risk one. This would mean that you would be left without a merchant processing account, leaving you unable to operate as you will not be able to accept credit card payments.

At marijuana-merchant-account.com, we come to your aid, understanding your business and providing you with the best medical marijuana payment processing services. We are on your side of this debate, and therefore, don’t turn our back on you. If it is a merchant processing account you need, you are in safe hands with us.

As soon as you sign up with us, you can start accepting credit card payments, set your business in the right gear, and start making the most of this newly emerging business of legalized pot.

For Marijuana Payment Solutions, contact us today!

Marijuana Legalization Brings a New Need for Further Research and Caution

Posted on December 19, 2014 by admin

The success of marijuana initiatives has revealed that the nation’s feelings towards the idea has softened. Even though only four out of the fifty states have legalized recreational use, voters have displayed that their opinions on marijuana no longer fall along partisan lines.

Sixteen years ago, California led the way by making medical marijuana easier to obtain than a prescription drug. Dozens of states have now legalized the use of medical marijuana, while Colorado, Washington, Oregon and Alaska have legalized recreational use.

It would seem that the push for marijuana will go marching on, despite the fact that it is illegal on the federal level. In fact, it is considered as dangerous of a drug as heroin. Surveys have revealed that half of American believe it should be legalized while 75% think that it will happen in the future.

However, no one seems to be stopping to consider the dangerous of legalization. Because marijuana is technically illegal on the federal level, no scientific tests have been done to determine whether or not it is safe for it to become legal on the state level.

According to an article by Sandy Banks of the Los Angeles Times, “Researchers comparing the brains of ‘chronic’ marijuana users (who smoke at least four times a week) with those of people who never light up found pot smokers had less gray matter in a region of the brain that influences decision making, and they had significantly lower IQs than their nonsmoking counterparts.”

With more than a million people in the United States legally using marijuana, it is time to consider regulations on cannabis. In addition to not knowing what the exact long term effects are on the user, young people are ending up in emergency rooms from accidental consumption of what they thought was candy.

Considering the business implications, there is still a high risk to running a business in this industry. In order to safely process payments and operate efficiently, marijuana merchant accounts are still the go-to option. With the questions that still surround the industry, marijuana merchant accounts are just the tool you need to operate successfully.

For a Marijuana Merchant Account contact us today!

Medical Marijuana Merchants Shackled to Cash Despite Security Risks

Posted on December 19, 2014 by admin

Legal medical marijuana dispensaries are squeezed between a rock and a hard place because traditional banks won’t take their business. Even though the Obama administration issued guidelines designed to help banks work with legal marijuana businesses, not many banks have taken advantage of the opportunity. Bank officials say that the guidelines still place too much culpability on payment processors, as banks are required to issue annual reports stating that their partners are reputable cannabis companies and are charged stiff penalties if it turns out that they are not legitimate. So for most banks engaging in medical marijuana payment processing is not worth the risk. This reality places medical marijuana facilities and their patients in harm’s way.

Currently, medical marijuana facilities deal exclusively in cash which has many owners worried. Harborside Health, a medical marijuana organization in California, fortifies its money and weed in several high-grade vaults with 18-inch walls reinforced with concrete. Thirty six cameras and two security teams watch the business. To pay the taxes required by the state, employees must carry bags of cash to the government offices.

Many states, like California, require dispensaries to keep detailed financial records. But dispensary owners say all the cash transactions make keeping such records extremely difficult, if not impossible leading to painful and costly audits.

Despite the risks that payment processors can face when engaging in medical marijuana payment processing, smaller banks are finding success through forming relationships with marijuana dispensaries. Still many of these banks handle marijuana merchant accounts with extreme care and discretion. For example, some will only handle small amounts of cash and may require clients to use generic names for their businesses.

Medical marijuana payment processing is a complex business that requires expert care. Learn more about expanding your customer’s payment options with credit and debit cards. Call 1-800-466-1809 or contact us below today!

Why It May Be Time to Invest in Marijuana

Posted on December 19, 2014 by admin

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.

Contact us today!

The Tobacco, Pharmacy, & Alcohol Industry Trying to Enter The Marijuana Industry Might Just Be a Good Thing

Posted on November 21, 2014 by admin

Here comes the new kid on the block. Her name is Marijuana and she’s oblivious to the other guys on the street. She just wants to say hello and be accepted, but Tobacco, Pharma, and Alcohol don’t see a friend, they see competition and they want a piece.

Sales have declined for the Big Tobacco industry rapidly as living healthy lifestyles has become a trending concern. To compensate their losses, the tobacco company is taking notice of the burgeoning marijuana business and want to incorporate themselves into the business to get a piece of the pie. It goes same for the pharmaceutical and alcohol industry. As more people are becoming dependent on marijuana to aid them in pain and relaxation needs, The Tobacco, Pharma & Alcohol industries want to get in on it. The old saying goes, “If you can’t beat them, join them” and it couldn’t be any truer. In my personal opinion, I would welcome them with open arms and not see them entering as a threat, but a chance for the marijuana industry to be more widely accepted as a drug that’s on the same playing field as Tobacco, Pharma, & Alcohol.

Do you know who runs the United States? Corporate America does and with the Tobacco, Pharma, and Alcohol entering the marijuana industry it will eventually reach political decisions to support marijuana use. It will happen more or less a decade from now, but I believe it will happen and the first people to realize this and capitalize on it will be happy they did.

It’s clear the marijuana industry is here to stay and its obvious that other industries will try to capitalize on it. Only time will tell, what the other industries will do to take get part of their share.

If you’re ready to enter the MMJ Industry and in search of a marijuana 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!

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Tag Archives: Marijuana Payment Solutions

Why Marijuana Shouldn’t Be A Big Deal

Marijuana Legalization Brings a New Need for Further Research and Caution

Medical Marijuana Merchants Shackled to Cash Despite Security Risks

Why It May Be Time to Invest in Marijuana

The Tobacco, Pharmacy, & Alcohol Industry Trying to Enter The Marijuana Industry Might Just Be a Good Thing

Denver Marijuana Stores Create Massive Economic Impact

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