So, What Happens to Pot Users When It Is Legalized?

Marijuana Merchant AccountWe all know what happens to pot itself when it is legalized. There are high taxes placed on it, and there are quality-control regimens that are put into place, to ensure safety and purity. No one argues against quality and purity – and most of us can argue against higher taxes – but what does the legalization do to pot smokers? Will they pay more for quality, or will they stick with their illegally obtained green that is cheaper and has somewhat questionable quality?

Using data from the National Survey on Drug Use and Health Results for Colorado, Washington and Oregon, the study examined changes in rates of marijuana consumption per month. The rate of increase in marijuana use didn’t change significantly after legalization in Colorado, Washington and Oregon. Marijuana use has been steadily increasing in all three states since the early 2000s.

Opponents of marijuana legalization are especially concerned that young people would use more marijuana if it’s legalized. The study looked at surveys of health behaviors conducted in middle schools and high schools as part of the Youth Risk Behavior Survey in Colorado and Alaska, and found that there was no significant change in trends of youth marijuana use post-legalization.

So, perhaps the worries about youth and non-pot smokers getting ahold of – and addicted – to legalized pot is wrong. But, it does ultimately help those who would purchase it and smoke it anyway. The better quality-control and purity is great for those who want a superior experience, and the various strains and strengths available in one place benefits those who aren’t sure what they want. But still, legalized marijuana will always be a source of hesitation for many – namely lawmakers.

Many states lack the I&R rulings to allow for a simple vote during election time, and others simply refuse to allow it on the ballot. You can’t blame them; some believe that that rash of stoned drivers may cause problems. But, a rash a drunken drivers cause problems – and alcohol is legal in the united states. It may take years – decades – and even a century – for everyone to get ahold of legalized pot; that is, if they actually want to use it.

Lawmakers and the Public are mixed with Legalized Marijuana

Marijuana Business FundingLuckily for the marijuana industry, the legalization is voted in by each state. 22 state currently have some form of legalization, and like any law, not all citizens are pro-marijuana. Lawmakers and citizens on both sides are teaming up, fighting for tougher regulations or more relaxed regulations. Throughout this process, the industry has been growing, providing state revenues that few other industries can touch. This leads to major problems for new and existing merchants, and the riskiness of this industry is far from changing.

While proponents have many reasons for why they oppose legalized marijuana, they seem to ignore the great things that the tax revenue can do for the communities. In Colorado, schools are being repaired and built by the tax revenue, taking a load off the state’s budget. Every state could use these extra funds, but lawmakers are as divided over the legalization as the public. One of the biggest issues for lawmakers is the fact that marijuana in any form is federally illegal. And since federal law typically trumps local and state law, they fear issues that may arise from their decisions. If Colorado has taught us anything, it is that the state and Feds can disagree, and coexist, and no one gets hurt in the process.

This coexisting could work if merchants can check processors saw the benefits of one another. Some legalized marijuana merchants are becoming “cash only” businesses, which not only cuts your customer base, but also leaves you open to robbery. Some choose PayPal, which is a risky choice because they are notorious for closing accounts without notice. This leaves you without a way to accept payments, and without a way to give refunds if needed. You need to look for an ACH check processing source to help better your chances of succeeding. ACH check processing helps you accept not only checks, but also debit and credit. This keeps your business safe, and it helps you get the funds in your business checking account fast. In addition, ACH check processing is one of the safest ways to process payments, leaving you and your customers secure during the process.

For Marijuana ACH Check Processing contact us today!

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Many States Predicted to Legalize Medical or Recreational Marijuana in 2016

Marijuana American FlagMany are declaring 2016 the year of the “Green Rush”. There is no year leading up to this one that has offered as many promises for marijuana legalization. At the moment, 14 states have the potential to legalize MMJ, adult-use cannabis or possibly both. This positive change is due to other pioneering marijuana markets and the growing support for cannabis in general.

The legalization of marijuana has become such a recurring topic that it has forced presidential candidates to reveal their position. The fate of marijuana in these 14 states will depend on either the ballot box or state legislatures. The following list details some of the states that have the best chances of legalizing medical or recreational marijuana – or both – later this year.

California

California has been declared the main electoral event for marijuana advocates this year. As the biggest medical marijuana market in the country, advocates are pushing for the legalization of recreational cannabis. If voters approve, the state will quickly generate billions of dollars in recreational sales. Among the groups pushing for this to get on the ballot are billionaire Sean Parker and Lt. Gov. Gavin Newsom.

Florida

Because the measure to legalize medical cannabis failed by such a slim margin back in 2014, MMJ supporter John Morgan is gearing up for round two. With the turnout in the presidential election predicted to be higher than in 2014, and the currently very strong support for MMJ in the state, many are expecting Florida to legalize medical cannabis easily. If this does come to pass, Florida will become the second-largest MMJ market, just behind California.

Maine

A poll conducted in 2015 has revealed that Maine is ready for the legalization of recreational marijuana – with support reaching around 65%. Two competing campaigns, the Marijuana Policy Project and a grassroots group, decided to join their efforts last October instead of having two competing campaigns. Their hope is that this collaboration will boost the chances of success. While Maine would not be the biggest cannabis market in the country, it would contribute towards the progress of the industry as a whole.

Nevada

Nevada has been described as an easy target for recreational legalization. In fact, the state is already catering to out-of-state MMJ patients, thanks to a policy allowing medical marijuana cardholders from other states to purchase cannabis while in Nevada. According to Marijuana Business Daily, the campaign for recreational marijuana has already been placed on the 2016 ballot. The decision is now in the hands of voters.

Pennsylvania

Even though Pennsylvania lawmakers failed to reach a consensus bill in 2015, many advocates feel that MMJ in Pennsylvania will succeed in 2016. Many are afraid the state will replicate strict systems like in New York and Minnesota, which prohibit smokable cannabis. Because the state does not have a citizen initiative process, lawmakers will have the ultimate say-so. Fortunately, most officials are eager to legalize – including the governor of Pennsylvania.

Marijuana Payment Solutions

With so many states predicted to legalize recreational or medical marijuana, there is going to be a growing need for these businesses to secure payment processing solutions. Even with the expected growth, however, the industry is still frowned upon by traditional providers. This leaves many businesses with little to no options. Marijuana payment solutions from a high risk provider – like marijuana-merchant-account.com – provides businesses with the services they need.

For more information on what marijuana payment solutions can offer your business, contact MMA today

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