Few individuals are unaware of the fact that the sale of medical marijuana is now legal in numerous states and in Washington, D.C. itself. This turn of events was heralded as a tragedy 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 have to process credit cards within their stores – but how 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 reality, shortly after medical marijuana became legal, nearly 100,000 people registered as users, making the need for reliable charge card processing clear to dispensary owners.
It’s Still Illegal Online
Perhaps because marijuana isn’t legal in all states and remains considered illegal by the Federal government, purchasing it online remains forbidden. Buy Weed Online In California, activists are pushing to acquire 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 begin to follow. That’ll 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 usually located in less than desirable aspects of town and the less cash held on the premises, the better. Additionally, accepting credit cards ensures that payment has actually been made. Finally, it’s much simpler to track sales, anticipate trends, and ensure your business has sufficient funds readily available for purchasing new stock knowing your money is likely to be in your account promptly.
As 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 able to take you online allow you to get there ahead of the pack.