Few folks are unacquainted with the truth that the sale of medical marijuana is now legal in several states and in Washington, D.C. itself. This turn of events was heralded as a catastrophe by some, “about time” by others, and with mixed emotions by greater than a few. Still, as legal businesses, medical marijuana dispensaries have the best need to process bank cards inside 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 shut down such vendors. Actually, 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 isn’t legal in every states and continues to be considered illegal by the Federal government, purchasing it online continues to be forbidden. Buy Real Weed Online In California, activists are pushing to obtain 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 the 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 provide a new niche for merchant account firms as well as 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 generally located in less than 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. Finally, it is much simpler to track sales, anticipate trends, and ensure that the business has sufficient funds designed for purchasing new stock knowing that the money will undoubtedly be in your account promptly.
When you can’t sell medical marijuana online yet, it is likely that when California’s measure passes and the State starts taxing sales, that other states will follow soon after. The proceed to Internet sales won’t be far behind and having a merchant account that is preparing to take you online allow you to get there ahead of the pack.