In clinical trials involving nearly half of lung cancer patients, medical cannabis from clinics decreases tumour growth and inflammation, despite the fact that it does the exact opposite. Patients with Alzheimer’s disease benefit from a licenced pharmacy that administers the required dosage of Medical Marijuana to relieve their symptoms. Despite the fact that medical marijuana is now legal in 14 states and the District of Columbia, merchant accounts for these companies are still in short supply. Operators of dispensaries face personal biases and are listed as “at risk” companies. Unfortunately, several banks are hesitant to open a merchant account for a medicinal marijuana manufacturer because they believe the legal due diligence will be too time consuming. MYNT Cannabis Dispensary Downtown Reno – reno weed offers excellent info on this.
When you realise that about 75% of Americans routinely use their debit or credit cards to make purchases, being able to process those transactions is vital to the success of many companies. Granted, until recently, the marijuana industry was strictly cash-based, but times have changed. It’s time to look for a new bank if you’re existing one won’t even consider giving you a merchant account. Many merchant account providers are becoming more versatile, and some are now offering essential financial services to legal marijuana dispensary owners. Dispensaries are automatically viewed as posing a higher risk since they are still relatively young companies selling pharmaceutical drugs. However, if the shop owner has a decent credit score and a clean criminal record, they will be eligible to apply. Keep in mind that not all merchant account providers are created equal when looking for one for your medical marijuana dispensary. Colorado business owners were taken aback when their provider abruptly cut off service without notice. Make ensure you choose a business with a proven track record.