World-wide-web Business Makes up Medical Marijuana? Definitely not Still
Few people are unaware of 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 disaster by some, “about time” by others, and with mixed emotions by higher than a few. Still, as legal businesses, medical marijuana dispensaries have the best need to process bank cards within their stores – but think about the Internet? Merchant accounts aren’t going to supply 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 turn off such vendors. In fact, shortly 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 every states and remains considered illegal by the Federal government, purchasing it online remains forbidden. In California, activists are pushing to obtain a measure on the ballot in the 2010 elections, which can 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 quickly follow. That will provide a new niche for merchant account firms in addition to business owners.
The Benefits of Accepting Credit Cards
For a dispensary owner, the advantages of taking plastic are clear. On the most basic level, dispensaries are usually located within just desirable aspects of town and the less cash held on the premises, the better. Additionally, accepting bank cards ensures that payment has actually been made. Weed for sale online Finally, it is easier to track sales, anticipate trends, and ensure your business has sufficient funds readily available for purchasing new stock if you know your money will be in your account promptly.
While you can’t sell medical marijuana online yet, it is likely that if California’s measure passes and the State starts taxing sales, that other states will follow soon after. The move to Internet sales won’t be far behind and having a merchant account that is preparing to get you online will let you make it happen ahead of the pack.