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In clinical trials involving almost half of lung cancer patients, medical cannabis from dispensaries reduces tumour growth and inflammation, despite the fact that it does the exact opposite. Patients with Alzheimer’s disease experience significant relief from their symptoms thanks to a licenced pharmacy that provides them with the right dosage of Medical Marijuana to manage their symptoms. Despite the fact that the selling of medical marijuana is now legal in 14 states and the District of Columbia, merchant accounts for these companies are also difficult to come by. Dispensary owners face personal biases as well as being considered “at risk” companies. Unfortunately, several banks are reluctant to open a merchant account for a medical marijuana store owner because they feel the legal due diligence is too time consuming. Take a look at the site here Ayr Wellness Medical Marijuana Dispensary New Castle – weed dispensaries
Alternatives to Banks
When you realise that about 75% of the population of the United States uses their debit or credit cards to make purchases on a daily basis, being able to process those transactions is crucial to the success of many companies. Granted, until recently, the marijuana industry was purely cash-based, but times have changed. It’s time to search for a new bank if your existing one won’t even consider giving you a merchant account. Many merchant account companies are more versatile, and a number of them are now offering vital financial services to legal dispensary owners. Since most dispensaries are still new companies selling medicinal drugs, they are automatically viewed as a higher danger. However, as long as the shop owner has a strong credit score and a clean criminal record, they should be eligible to apply.
One thing to keep in mind when looking for a merchant account for your medical marijuana dispensary is that not all providers are the same. Colorado business owners were recently shocked when their provider abruptly cut off service without notice. Make certain you choose a business with a proven track record.