Payment Solutions For Marijuana Dispensary | Marijuana Dispensary Merchant Accounts

Prior to Alaska legalizing marijuana for recreational use, which is now the fourth state to take this step; many states have passed laws that allow citizens to use the drug for medical uses, currently 23. This is a positive step in the right direction for a drug that you can’t die from taking, but can help a number of medical conditions.

What it does is pose a problem for these businesses who are legally able to sell the drug and the paraphernalia to anyone over the age of 21. The problem they face is finding a banking institute that will provide services, including merchant facilities.

This problem has arisen because of the fact that under federal law marijuana is still illegal. Some of the banking institutions think they pose too great a risk in offering services that are legal in certain states, but still against federal law. There are merchant providers who are willing to offer medical marijuana payment processing account solutions, and with the change in the law to include recreational use in some states, this could move forward to include this area.

There are high-risk merchant providers who will take the risk with the legal businesses that provide a service to people with medical marijuana cards, or, who live in one of the four states that will eventually allow the sale of the drug for recreational use to those individuals who are over the age of 21.

This is an important step forward for Alaska, who have gone to the polls twice before in 2000 and again in 2004, wanting the recreational use of the drug to become legal. They did approve of the medical marijuana use in 1998 and now, in 2014, have taken the step to allow 1oz of the drug for recreational purposes.

This will legitimize a number of businesses making them legal; this will increase the job prospects as well as increasing the taxes paid and improving local economies. Something that will have a positive impact on the states prepared to legalize a drug against the federal government.

Therefore, this is a positive step in the right direction, which will allow the use of a drug for recreational purposes, and allow businesses and economies to grow.

MMA can help you with all your Marijuana Payment Processing, Contact us today!

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: Payment solutions for Marijuana Dispensary

Legalized Marijuana for Recreational Use and Marijuana Payment Processing Account Solutions

Denver Marijuana Stores Create Massive Economic Impact

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