Medicinal Marijuana Merchant Account Services | Marijuana Dispensary Merchant Accounts

The state of Washington has seen beneficial growth in taxes from the legalization of marijuana. Cannabis sales have been profitable each consecutive month and are only growing. Since sales began on July 8, 2014, retail stores have made $31.6mm combined in revenue from sales with $7.9mm in taxes for the state. On this growth trend, it is forecasted that about $200mm in sales will be reached over the next 12 months.

In Washington State, November retail marijuana sales rose 24% from the previous month with a total of $16mm. Revenue and tax collections from recreational marijuana have risen each month. These data portray the immediate benefits the state receives as the legalization of marijuana is set in play. This type of data is the solid argument it needs to legalize and regulate medical marijuana across all the other states. The sales numbers show the potential to boost state and cities out of the economic slump from the past several years.

Washington State, along with Colorado and Michigan, has presented solid sales numbers to help convince lawmakers to rewrite cannabis laws that could create millions of dollars by creating a system to regulate dispensaries and collect industry specific taxes.

With the taxes collected from cannabis sales, Washington State can use that capital to focus their time and money on other matters of interest. On a steady pace to see sales numbers rise, Washington state’s economy has got the boost it needed to jump start overall growth. Many retail stores need medicinal marijuana merchant account services to tailor to their needs and specific industry. Marijuana Merchant Account has experience working in this industry and has the most knowledgeable staff and services to aid in the marijuana business.

For medicinal marijuana merchant account services, contact us today!

Ed FitzGerald, the democratic candidate for Ohio’s governor, is in favor of legalizing marijuana. While some see this as an opportunity to get the younger vote, there is an overwhelming majority of Ohioan voters who are in favor of the legalization. While 23 other states have legalized marijuana, the fact is that FitzGerald is steadily behind in the polls. While he may not win, perhaps the legalization of marijuana may get some attention.

While the legalization of marijuana helps cut down on arrest rates, it also helps the local economy. Denver’s economy is booming, thanks to a recreational marijuana legalization. Other states economies are growing, as well, thanks to the legalization of medical marijuana. It not only gives jobs, but the money coming in helps fund other projects, from roadways to infrastructure, that otherwise would not happen. Therefore, the legalization of marijuana is good for the entire community.

If or when it is legalized in Ohio, it is the perfect way to invest in a business. However, you will need to make sure that you have the services of a reliable medicinal marijuana merchant account provider. This is because many merchant account providers run quickly from legalized marijuana vendors, due to their increased risks of incurring fraudulent charges. You need to make sure that your merchant account provider is experienced with legalized marijuana vendors, and the ups and downs that the industry can bring upon the vendor and merchant account provider. You need www.marijuana-merchant-account.com.

At MMA we know how lucrative the legalized marijuana industry can be. We also know the benefits it can provide for both your customers and your local economy. Our security systems help us keep you and your customers’ information safe, which is very important in the age of massive hackings. We are dedicated to our legalized recreational and medicinal marijuana merchant account holders, and we will help you every step of the way, to ensure that your businesses accounts are kept safe, secure, and running.

For more information, contact us today!

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Tag Archives: medicinal marijuana merchant account services

The Numbers Are In: Recreational Marijuana Sales and Tax Data From Washington State

Ohio Governor Candidate in Favor of Marijuana Legalization

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