Imagine walking into your workplace one morning and finding out that your charge card services had been terminated overnight. They certainly were stop not for not enough payment and not to be involved with an illegal business, but rather these were stop for indeterminate “unacceptable business practices.” This is a reality facing many owners of medical marijuana dispensaries who get “creative” using their applications; and in the event that you fabricated your application it could be a legitimate termination – but that isn’t always the case.
Left Without Service
The story above isn’t uncommon. It just happened recently to Alternative Medical Choice, Inc., a consultation service located in Oregon. What does AMC do that got them in trouble using their company Intuit? AMC is a small business that provides consultations with doctors for the approval of medical cannabis use under Oregon law. Even though the clinic does not dispense or distribute medical cannabis, it’s lost its services.
Intuit states that they terminated services because AMC didn’t reveal its involvement with medical marijuana. When further questioned about terminating some 3000 other accounts they hold with clinics offering the same services, they stated that they’d not be terminating those accounts simply because they didn’t feature medical cannabis on their web pages. AMC offered to remove the reference, but Intuit won’t reestablish the account because “now we know.”
PayPal, the web payment service, has additionally terminated accounts related to medical marijuana consultation references.
DEA, FDA, IOM and Other Alphabet Soup
Area of the problem businesses face stems from the question of if marijuana is in fact medicinal. The DEA and the US government hold the career that smoking marijuana does not have any medical value. The American Cancer Society, the AMA and the AAP all concur that smoking isn’t an optimum way in which to achieve any benefits, should they exist. Alternate ways of ingestion are increasingly being investigated.
Even the large Institute of Medicine study frequently cited by proponents of medicinal marijuana actually opposes the use of smoked marijuana for medical benefits. Jungle boys clothing The research found that there have been some “potentially therapeutic” benefits to cannabinoid drugs, primarily THC, but those other available medications offered better results. Having less standardization, the technique of dosage and other factors all lead to the IOM rejecting the thought of more studies.
Where Do We Go Next?
Exactly like a number of other hot potatoes, few people want to deal with this one. For many who have opened dispensaries, the challenges involved with obtaining traditional financing, accounts and services have sometimes become overwhelming. For other people who remain available, alternatives are available.
While selling cannabis online remains illegal, the Internet is an excellent place to find companies willing and even eager to enter the market. By searching especially for merchant account providers acquainted with the risks involved with legal medical marijuana sales, entrepreneurs will find the services they might require without obfuscation.
With 15 states and the District of Columbia already de-criminalizing the sale of marijuana products for medicinal purposes it is likely that the issue should come to a mind soon. Some states, such as for example California, are intending to charge dispensaries sales tax on all of their transactions – leaving this kind of cash cow alone when state coffers are stripped bare is unimaginable. The question remains: how will the us government react to the move?
Is it About Money or Perception?
It is simple to imagine the federal government moving in either direction.
Cannabis remains illegal in all the world, and possession is known as a capital offense in several countries. The US government is unlikely to want global opinion to be so effected. On the other hand, the taxes supplied by legalizing a currently flourishing industry could reach $2-6 billion.
Unfortunately for merchants, there is no conclusive argument only at that time. Obtaining business services will remain difficult and sudden terminations likely until all government agencies, state, local and federal are on a single page.