Legalized Cannabis: Get a CBD Merchant Account

Feb 14, 2019

The number of states choosing to legalize marijuana is growing. After marijuana became legalized in certain places, scientists started studying the advantages and disadvantages brought about by this plant. So, if you’re interested in the effects of the drug and want to find the best CBD merchant account, just keep on reading this article.

The Effects of Weed

As you know, cannabis is a legal drug used for recreational and medical purposes in a number of countries and US states. Several effects of the drug have already been legalized. In the US, Colorado was the 1st state to stop banning people to legally buy marijuana and use it for recreational purposes.

Roger Roffman, D.S.W., a professor emeritus in the School of Social Work at the University of Washington, notes that the public isn’t enough informed about the health and behavioral effects that marijuana can cause. As Roffman says, a large number of people just don’t know what science has revealed about marijuana.

According to neuroscientists, marijuana use in teenagers has its impact on the development of certain areas of the brain that’re on the hook for self-control and planning. Additionally, based on a study published in the Journal of Clinical Psychiatry, after using cannabis in moderate amounts for 1 month, the memory of adolescents and young adults gets improved.

What’s more, another research has revealed that cannabis brings relief to people suffering from some of the symptoms of Parkinson’s disease. Also, more studies on cannabis show that it has the power to reduce chronic pain and insomnia. Besides, according to a study carried out in 2017, after medical marijuana laws have been introduced, violent crime reduced in the states bordering Mexico.

On the other hand, several articles have recently been published concerning the effects of cannabis addiction. It’s estimated to impact 9% of overall users. This is said to be often left in ignorance because the legalization movement is focused on the idea of weed to be harmless.

Marijuana Legalization: CBD Merchant Account

Public support for marijuana law reform is greater than ever before. Surveys in the field show that over 50% of people are for marijuana legalization. Meanwhile, according to the Drug Policy Alliance (DPA), it’s important to decriminalize marijuana and bring it under regulation like alcohol and tobacco.

With all this in mind, it’s too important to work only with a true high risk specialist in the space that can help you enjoy the best for your marijuana business. Consider applying to eMerchantBroker.com, a respectable high risk credit card processor that provides the cheapest and the most secure CBD merchant account for your type of businesses.

EMB is considered the nation’s top high risk processor and is regarded as an A+ payment processing company by the Better Business Bureau. With EMB, you can get your marijuana merchant account without challenges.

President Donald Trump has recently signed the 2018 farm bill. The latter legalizes hemp, a variety of cannabis that doesn’t get people high. According to a statement issued by the Food and Drug Administration (FDA), though hemp has a new status, CBD continues to be considered a drug ingredient, which isn’t legal to add to food or health products if one doesn’t have the agency’s approval.

In 2014, Colorado and Washington fully legalized marijuana. Then, the number of states giving legalization to marijuana grew in the country. The legalization corresponded to not only a reduced number of marijuana seizures at the US-Mexico border but also a reduction in the number of seizures of all drugs.

The industry of both legal medical and recreational marijuana is already accounting for billions of dollars. In 2017, the sales were projected to make up $10 billion across the US. Legalization is expected to grow hemp farming in the country. However, according to the FDA, CBD will still be off-limits.

So, legalized marijuana is going to result in billions of dollars in tax revenue. The government will start saving more money by not prosecuting the sales and use of the drug. Colorado has already collected more than $500 million from legalized marijuana.

As you see, the legalization of marijuana is going to bring both positive and negative consequences. Thus, find the right high risk merchant services provider to achieve more success in your business.

Let us help you get a high risk merchant account today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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