Washington D.C. Bill Keeps Marijuana illegal for At Least Another 2 Years

Posted on July 27, 2015 by admin

While marijuana is becoming legal in more and more states, Washington D.C. seems to be regressing with their new bill to outlaw the drug until at least 2017. With this bill, there is no hope for cannabis to become legal any time soon. Nonetheless, marijuana advocates still believe that this is good news. More than 75% of Washington D.C. voters have voted in favour of legalizing marijuana. House has not placed a direct ban on the drug, which means they are open-minded and aren’t attacked pro-cannabis advocates.

Medical Marijuana Use

While medical marijuana use is legal in 25 states across America, it remains illegal with the federal government. This causes these businesses to be considered high risks for most banks, making it incredibly difficult to find a medical marijuana payment processing service. With such high risk, no banks want to work with these businesses, allowing them to accept cash only. Cash only businesses are risky businesses because they essentially need to carry around thousands of dollars at all times. It’s about time for the government to rethink their standing on this issue.

Not only does accepting cash only make marijuana businesses risky for the owners, but it also prevents the government from making additional tax dollars. If Washington D.C. were to legalize marijuana use, it would be predicted to be a $130 million dollar industry on a yearly business. This means $20 million dollars in tax dollar revenue for D.C. alone. Bringing in so many extra tax dollars could be great for the city, yet we still need to wait until 2017 before seeing this become a reality.

In the meantime, cannabis advocates are working hard to bring medical marijuana to more and more states. The DEA has even been informed to not raid dispensaries in states where marijuana is legal, which is a huge step forward for the federal government.

For medical marijuana payment processing solutions contact us today!

Grow Your Own Marijuana in the Nations Capitol!

Posted on November 17, 2014 by admin

Washington D.C has voted against keeping marijuana as an illegal drug to use for recreational purposes. They have voted in favour of people being able to use and grow their own drug; unfortunately, they have yet to agree to the sale of the drug.

This is going to have an impact on the reason why the federal government chooses not to reclassify the drug and continues to class it as a Schedule 1 drug.

If there are no problems or objections, the hope for the new legislation will come into effect at some point in 2015. In the meantime, it is still possible to go down the route of medical marijuana, for the relief of a number of medical conditions.

It is possible to set up a legal business in one of 23 states, who supplies and grows marijuana for sale to those individuals who have a medical marijuana card.

These businesses are high-risk; however, it is still possible to open a marijuana merchant account. This will give your customers the ability to pay for the goods you provide in a convenient form, like credit or debit card.

Previously, it was a cash based business and this meant higher risks for staff and storing the cash. Allowing businesses to grow and develop by offering the ability to have access to a merchant account and the services they can provide, will improve the economy with the business development.

The aim of the change of law has some elements to stop racial discrimination, with a high number of arrested people being black. It will also have a positive impact on society, because it will reduce the number of arrests and prosecutions for a drug that is less harmful than other legal drugs, including alcohol and tobacco based products.

Fewer arrests relating to marijuana will have a positive impact on the reduction in costs relating to prison terms for this drug and could improve the chances of users of marijuana getting employment and stability in their lives.

Saving money is key to improving the local economy and if Washington D.C can take a positive move forward, then this makes the way for other states to follow their example.

Contact us when you’re ready to open your dispensary

Medical Marijuana Gets Some Help…From Washington DC

Posted on June 26, 2014 by admin

Lawmakers in Washington DC are considering loosening the region’s tight rules concerning medical marijuana. At the moment, there are only four ailments for which a doctor can prescribe medical marijuana. With this change, a doctor can prescribe medical marijuana as they see fit, regardless of the patients’ ailments. This is fantastic not only for patients, but also for those in DC who have thought about opening a medical marijuana dispensary.

There are many reasons to get into the medical marijuana business, from helping the community to the simple fact that it is lucrative. However, while it is a sure moneymaker, finding a processor to process payments can be tricky. The vast majority of banks and traditional processors will not cater to medical marijuana merchants, even in areas where the business is accepted. This can be challenging, however there are processors that specialize in medical marijuana payment processing. One of the leading companies is MMJ, or marijuana-merchant-account.com.

MMJ is not new to the medical marijuana business. We have been in business for over 10 years, providing the absolute best software, security, and terminals to our clients. We know that security is of utmost importance to medical marijuana dispensaries, and we provide the best. We also provide wireless terminals, which are streamlined and easier to manage if you have a small workspace, or if you would like to move throughout your business to do your transactions. Our services are 100% legal, and we have over 10 years of happy clients to back us up. While not all areas accept medical marijuana, if you are in area that does, it is a great business to be associated with. When you decide to become a dispenser, you need to turn to MMJ for your medical marijuana processing needs.

Hopefully Washington DC will loosen their restrictions on who can benefit from medical marijuana. The changes will not only benefit those in need of the product, as well as those who are medical marijuana merchants. This change can totally transform the industry, and you need to be prepared, regardless if you are a current or prospective medical marijuana dispensary operator. You need the best marijuana payment processor in your corner. You need MMJ.

For Marijuana Merchant Processing contact us today!

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Tag Archives: Washington DC Marijuana

Washington D.C. Bill Keeps Marijuana illegal for At Least Another 2 Years

Grow Your Own Marijuana in the Nations Capitol!

Medical Marijuana Gets Some Help…From Washington DC

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