When you legalize an industry that has been illegal for too long, the changes to the business landscape of such a change are plenty. This is the case with the marijuana industry, whereby an increasing number of business opportunities are emerging, with people using their imagination to come up with new ways to capitalize on this opportunity.
As per the 2010 Cato Institute paper The Budgetary Implications of Drug Prohibition, the potential size of this industry is in the region of $14 billion – a staggering number for an industry that is expected to grow further and become even more colossal.
As you can see, the prospects of marijuana businesses are certainly on the high. The competition is relatively low, and there are still unexplored areas that creative businesspeople can make the most of. So if you are one of many people who are unable to resist the lucrative charm of this newly legalized industry, there is little reason for you not to go for it. The cash is good, and the there is no lack of ways that this cash can be made.
However, and this is a major however, banking services and other financial institutions haven’t quite embraced this industry as yet. Despite its legalization in several states, the federal government still considers marijuana as an illegal narcotic. The result? Your business is considered high risk, and most financial institutions steer clear of any opportunity to allow you loans or do business with you of any sort.
But, this isn’t your biggest challenge. Your biggest challenge, instead, is getting access to a merchant processing account, without which you are unable to accept credit card payments. It’s almost like a treasure chest right in front of you that you can’t touch. So much cash, and at the same time, so much struggle too. Every business needs a merchant account, but what you also need here is a provider who actually understands you, your business, and its needs. This is what we, at marijuana-merchant-account.com, do best.
At marijuana-merchant-account.com, we are dedicated to getting you the best marijuana payment processing services around, allowing you to immediately start accepting credit cards and making the most of this opportunity. We know the story behind this apparently controversial business of yours and therefore, address all the issues and provide you with just the merchant processing services you are looking for.
All you have to do is reach out to us, and you will be reaping benefits of this emerging and extremely lucrative marijuana industry in no time. At the end of the day, you retain the cash part, while we deal with the struggle. Win-win.