Few people are unacquainted with the truth that the sale of medical marijuana has become legal in numerous states and in Washington, D.C. itself. This turn of events was heralded as a problem by some, “about time” by others, and with mixed emotions by higher than a few. Still, as legal businesses, medical marijuana dispensaries have a legitimate have to process bank cards within their stores – but think about the Internet? Merchant accounts aren’t going to offer those services just yet.
One State’s Story
In Colorado, where medical marijuana sales were recently legalized, over 1000 dispensaries have opened. Fully 20 percent of the owners of such shops have felony convictions and the State is scrambling to shut down such vendors. In fact, not long after medical marijuana became legal, nearly 100,000 people registered as users, making the necessity for reliable bank card processing clear to dispensary owners.
It’s Still Illegal Online
Perhaps because marijuana is not legal in all states and is still considered illegal by the Federal government, purchasing it online is still forbidden. In California, activists are pushing to acquire a measure on the ballot in the 2010 elections, which will help take medical marijuana sales online. This measure will legalize recreational use as well and allow their state to tax the sale of any marijuana based product – a possible windfall for the financially struggling state. If this measure passes, it is likely that Internet sales will begin to follow. That will supply a new niche for merchant account firms along with business owners.
The Features of Accepting Credit Cards
For a dispensary owner, the advantages of taking plastic are clear. On the most basic level, dispensaries are often located in under desirable areas of town and the less cash held on the premises, the better. Additionally, accepting bank cards ensures that payment has actually been made. Buy Marijuana Online Finally, it is much easier to track sales, anticipate trends, and ensure that your business has sufficient funds designed for purchasing new stock once you learn that your money is going to be in your account promptly.
When you can’t sell medical marijuana online yet, it is likely when California’s measure passes and the State starts taxing sales, that other states will follow soon after. The go on to Internet sales won’t be far behind and having a merchant account that is ready to get you online allow you to get there in front of the pack.