Medical Marijuana: A genuine Warm Spud.
November 17, 2020 Health
Imagine walking into your office one morning and learning that the bank card services had been terminated overnight. They were cut off not for lack of payment and not if you are involved in an illegal business, but rather these were cut off 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 can be quite 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 situated in Oregon. What does AMC do that got them in some trouble using their company Intuit? AMC is a small business which provides consultations with doctors for the approval of medical cannabis use under Oregon law. Even although clinic does not dispense or distribute medical cannabis, it’s lost its services.
Intuit states 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 exactly the same services, they stated that they would not be terminating those accounts since they didn’t feature medical cannabis on the web pages. AMC offered to remove the reference, but Intuit won’t reestablish the account because “now we know.”
PayPal, the web payment service, in addition has terminated accounts related to medical marijuana consultation references.
DEA, FDA, IOM and Other Alphabet Soup
Part of the problem businesses face stems from the question of if marijuana is really medicinal. The DEA and the US government hold the positioning that smoking marijuana doesn’t have medical value. Jungle Boys marijuana The American Cancer Society, the AMA and the AAP all concur that smoking isn’t an optimal method by which to get any benefits, when they exist. Alternate types of ingestion are increasingly being investigated.
Even the large Institute of Medicine study frequently cited by proponents of medicinal marijuana actually opposes the usage of smoked marijuana for medical benefits. The research found that there were some “potentially therapeutic” benefits to cannabinoid drugs, primarily THC, but that other available medications offered better results. The possible lack of standardization, the method of dosage and other factors all cause the IOM rejecting the thought of more studies.
Where Do We Go Next?
The same as a number of other hot potatoes, few people want to take care of this one. For folks who have opened dispensaries, the challenges involved in obtaining traditional financing, accounts and services have sometimes become overwhelming. For other individuals who remain in the business, alternatives are available.
While selling cannabis online remains illegal, the Internet is a great place to find companies willing and even desperate to enter the market. By searching especially for merchant account providers acquainted with the risks involved in legal medical marijuana sales, entrepreneurs can find the services they need without obfuscation.
With 15 states and the District of Columbia already de-criminalizing the sale of marijuana products for medicinal purposes it is probable that the matter should come to a mind soon. Some states, such as for instance California, are intending to charge dispensaries sales tax on their transactions – leaving this type of cash cow alone when state coffers are stripped bare is unimaginable. The question remains: how will the government respond to the move?
Could it be About Money or Perception?
It is easy to assume the us government moving in either direction.
Cannabis remains illegal in a lot of the world, and possession is considered a capital offense in many countries. The US government is unlikely to want global opinion to be so effected. On another hand, the taxes given by legalizing an already 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.