Potential Bill Could Provide Big Opportunities for Marijuana Companies

medical marijuana payment processingA new measure introduced to Alaska’s state legislature could potentially create opportunities for expansion minded cannabis companies in other states. This measure would ban applicants seeking a recreational cannabis license from accepting third parties.

The result of this piece of legislature would give established companies the upper hand over the smaller startups and individual entrepreneurs. This ban will make it extremely difficult for these startups and entrepreneurs who would most likely have to be entirely self-funded.

According to California cannabis attorney, Ben Adams, “Everybody except corporations that are well-funded are going to be (out of luck), because either you have the money to do this on your own, or you’re prohibited from getting investors”.

In addition, it would be a very simple task for existing companies in other states to bypass the proposed one-year residency requirement for individuals seeking licenses. As of right now, the only requirement by the state of Alaska is that the agent be a state resident while also having and maintaining a registered office. This individual could be an attorney, accountant or even a secretary. In light of this, it would be easy for out-of-state, existing companies to sweep in and take over the market.

Another hit to startups and individual entrepreneurs is that there could be a potential plant-count limit for certain cultivation license categories. However, these regulations do not include a limit for major producers – another plus for the larger organizations.

This bill makes Alaska unique in comparison to other recreational marijuana states. It includes six different license types: home grower, producer, processor, retailer, broker and boutique producer. So far, the only license with plant count limits are the boutique permits and home grow permits. Boutique producer permits would experience a limit of 50 plants, while home grow permits would have a limit of six plants.

This bill has a long journey before it becomes a law. The first scheduled hearing before the state Senate’s Judiciary Committee was set for March 5th and can last until the 19th of April. It will take time to see what decisions will be and what the market dynamics in Alaska are going to look like, especially for startups and individual entrepreneurs.

For those interested in opening a business in the marijuana industry, it can be very difficult if not impossible to receive funding. Why? On the federal level, marijuana is still considered a Schedule 1 substance. In light of this, traditional financial systems are hesitant or refuse to offer their services.

Fortunately, there are providers that specialize in offering high risk, marijuana merchant accounts to businesses in this situation. For example, marijuana-merchant-account.com is your online source for high risk merchant accounts, check processing and payment gateways. Take advantage of the simple application process and low rates.

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Exciting Times to Be a Pot Lover

jointThe debate as to whether or not marijuana should be classified as an illegal narcotic is no headline. It has been around for quite some time, and the advocates of both the sides have been fairly vocal. However, it wasn’t until quite recently that the debate was taken seriously, with the voices of its champions echoing the halls where our policy-making decisions are made.

What was once a strictly illegal narcotic is now allowed to be consumed, carried, grown, and sold in small amounts. These changes mark the birth of the legal marijuana industry, becoming the ray of light that pot lovers have waited for since eternity. They no longer have to watch over their shoulders every time they wish to get high. However, when it comes to exciting times, it is not just for those looking to finally get a legal taste of marijuana, but also those who might be interested in taking up the supply side. With its legalization, more people are going to want to turn to marijuana, considering they won’t be thinking about prison while doing so. With greater demand for marijuana comes the need for greater supply. This is where you can get a taste of this potentially lucrative industry.

While it does seem like a lucrative option for potential suppliers of legalized marijuana, anyone looking towards getting a piece of the supply side of this newly emerging legal marijuana industry must acquaint oneself with a major fact – your business will be treated as high risk. It doesn’t matter what argument you have to throw in favor of marijuana and its legalization, your business will be considered risk and so, increased challenges will follow. Even if you are selling medical marijuana, which is a term that refers to the use of the drug strictly for medicinal purpose, the classification of your business as high risk would remain, and so would the potential challenges that accompany this classification.

One such challenge you must be prepared to take on is getting a medical merchant processing account. Higher risk brings with itself lower willingness of merchant account processers to do business with you. These risk-averse entities would rather do with lower risk. But, this puts you into a difficult position – how do you accept credit card payments when you don’t have a merchant processing account?

This is where we come in. At marijuana-merchant-account.com, we understand your business, product, and the issues that others may not be aware of. We understand why your business needs and deserves a merchant processing account, and how we can be of help. Thus, with that in mind, we provide you, and other similar business, with top-notch medical marijuana payment processing services, which have the potential to go and become cornerstones in the future success of your business.

With us at marijuana-merchant-account.com, you can immediately start doing business, accepting credit card payments, and laying down the foundation of something great.

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Marijuana industry creates new job sector with an estimated 200,000 jobs

OLYMPUS DIGITAL CAMERAThe Marijuana industry will create an estimated 200,000 jobs by the end of 2015, with a forecasted $21 billion in revenue by the year 2020. The marijuana legalization measure passed in December 2014 will bring safety for those interested in working in the marijuana business. New employees are hired every day as the marijuana industry continues to grow.

With the new Federal spending bill that was passed, Marijuana operations are free from FDA and DEA raids as long as they abide by state laws. This is a monumental step towards more people feeling confident working in the marijuana industry. The estimated 200,000 new jobs that will be created should help the influx of college graduates and cannabis entrepreneurs looking to grow their business.

Benefits of the medical marijuana can be more widely available as more operations will be opening up throughout the legal states. The estimated $21 billion in revenue will surely bring in the much needed tax dollars. Progressive times are evident as the cultural shift towards cannabis acceptance is happening before our eyes.

The new and growing marijuana industry clearly forecast an upwards climb in sales as new grow operations have received the green light to grow without FDA or DEA interruption. Depending on the demand, the industry could actually be worth more than the estimated figures by 2020. If you are interested in getting into the industry make sure to get the proper marijuana business funding to start your business. At marijuana-merchant-account.com they can help you with all the necessary funding to buy supplies and materials to get your business up and running. With industry specific knowledge, they can help you with all your marijuana needs.

The marijuana industry is without a doubt a growing industry. California is suggested to be worth $31 billion in cannabis, which is a huge return in tax dollars. With the new marijuana bill in place, time will tell exactly how many new jobs and revenue will be created. As of now, this is the best time to revel in the new changes and the opportunities it will bring.

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