Internet Merchant Accounts For Medical Marijuana?
Internet Merchant Accounts For Medical Marijuana?
Most people are not aware of the fact that the purchase of marijuana for medical use is legal in several states, as well as in Washington, D.C. itself. This turn of events was seen as a major disaster by certain people, "about time" by some, and with mixed feelings by more several. But, as legitimate companies medical marijuana dispensaries have an obligation to process credit cards in their stores But what about the Internet? Merchant accounts will not be able to provide those services just right now. One State's Story In Colorado in the United States, which is where marijuana for medical use were recently approved, more than 1000 dispensaries have opened. About 20 percent of owners of these shops are convicted of felony and the State is scrambling to shut down these vendors.  In fact, just after the legalization of medical ny medical marijuanas card marijuana over 100,000 people were had registered as users. This makes the need for secure credit card processing a reality for dispensary owners. It's Still Illegal Online Perhaps because marijuana is not legal in all states and is still deemed to be unconstitutional by authorities of the Federal government, purchasing marijuana online is prohibited. In California activists are trying for a measure to be put on the ballot for the 2010 elections that could allow the medical marijuana market online. This measure will also legalize recreational marijuana use and will allow California to tax the sale of any marijuana-related product which could be a huge win for the state's struggling finances. If this measure passes it is highly likely the case that Internet sales will soon follow. It will open up a new niche for merchant accounts and business owners. The Advantages of Accepting Credit Cards For a dispensary owner, the benefits of taking plastic are clear. On a basic level Dispensaries are typically located in less than appealing locations in towns and the more cash that is kept on the premises, the more efficient. Additionally, accepting credit cards ensures that payment is actually made. Finally, it is much simpler to monitor the sales, spot trends, and ensure that your business has sufficient funds available for buying new stock if you know that your funds will be in your account in a timely manner. Although you aren't able to sell medical marijuana online yet but it's highly likely that if California's law passes and the State begins taxing sales, that other states will soon follow following. The move to Internet sales will not be too far from the horizon and having a merchant account prepared to go online will enable you to advance ahead of others.  

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