Few folks are unaware of the fact 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 tragedy by some, “about time” by others, and with mixed emotions by more than a few. Still, as legal businesses, medical marijuana dispensaries have a legitimate have to process charge cards inside their stores – but think about the Internet? Merchant accounts are not 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 turn off such vendors. Actually, shortly after medical marijuana became legal, nearly 100,000 people registered as users, making the requirement for reliable credit 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 can help take medical marijuana sales online. Buy Weed 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 may supply a new niche for merchant account firms as well as business owners.
The Advantages of Accepting Credit Cards
For a dispensary owner, the advantages of taking plastic are clear. On probably the most basic level, dispensaries usually are located in under desirable areas of town and the less cash held on the premises, the better. Additionally, accepting charge cards ensures that payment has actually been made. Finally, it is much simpler to track sales, anticipate trends, and ensure your business has sufficient funds available for purchasing new stock if you know your money will soon be in your account promptly.
As 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 go on to Internet sales won’t be far behind and having a merchant account that is ready to take you online allow you to make it prior to the pack.