Unfortunately, some financial institutions are hesitant to open a merchant account for a medicinal marijuana grower, arguing that the legal due diligence will take too long. When nearly 75% of Americans use their debit or credit cards for everyday purchases, the ability to process these transactions is vital to many businesses’ success. Granted, until recently, the marijuana industry was purely cash-based, but times have changed. It’s time to look for a new bank if your current one won’t even consider giving you a merchant account.Have a look at dispensaries for more info on this.
In clinical trials involving nearly half of lung cancer patients, medical cannabis from hospitals reduces tumour growth and inflammation, despite the fact that it does the exact opposite. Patients with Alzheimer’s disease benefit from a licenced pharmacy that gives them the right amount of Medical Marijuana to help them feel better. Despite the fact that medical marijuana is now legal in 14 states and the District of Columbia, merchant accounts for these businesses are still difficult to come by. For dispensary owners, who are classified as “at risk” businesses, personal prejudices are a problem.
Many merchant account providers are expanding their services, and some are now offering necessary financial services to legal marijuana dispensary owners. Dispensaries are automatically seen as posing a higher risk since they are still relatively young companies selling pharmaceutical drugs. The shop owner, on the other hand, can apply if he or she has a good credit score and no criminal history. Keep in mind that not all merchant account providers are created equal when looking for a merchant account for your medical marijuana dispensary. Colorado business owners were taken aback when their provider abruptly cut off service without warning. Make certain you choose a company with a proven track record.
CONTACT INFO :
Mr. Green Medical Marijuana Dispensary Norman
1161 12th Avenue Northeast, Norman, OK 73071
Phone No. : (405) 857-7243