The world will change more in the next ten years than it has in the last 100 years combined. One of those changes is the legalization of medical and recreational cannabis use across more nations and individual states in the USA. In fact, the State of New York is the most recent state in the USA to legalize cannabis for recreational use, and that means big things for the budding marijuana business.
Cannabis Global Adoption?
Cannabis Credit Card Processing
The signs of legalization and decriminalization are being seen in more and more places throughout the globe. With more and more countries legalizing the therapeutic use of cannabis and while at the same time declassifying marijuana as a schedule 1 narcotic (in the USA pot is still considered as illegal as cocaine or heroin). But that is changing and as cannabis research continues and we learn more about these plants and their many benefits, the landscape is changing.
Cannabis as a Business Model
The profitability and accessibility of Cannabis are one of the big bull cases for getting involved in the marijuana business or cannabis accessory business. As a business model cannabis has proven incredibly profitable from large-scale industrial growers down to small-scale mom and pop growers and dispensaries. Legalization has led to an entirely new industry based on Cannabis.
Goods are being produced now that were in the past illegal or simply did not exist. This is a big opportunity for business owners to take advantage of. A whole new stream of income is now available and where the previous involvement carried legal risks, that is no longer the case and smart shop owners are taking advantage of this fact.
A Race to the Top
A new addressable market worth billions of dollars in new GDP has created a lot of excitement and a lot of competition! Companies in a position to take advantage of the sharp rise in cannabis demand will be a step ahead of their competitors. Businesses are all competing for the same attention and sales, so if you’re there first or with a better system than your competitors you’ll be better positioned for the short and long term within the marijuana marketplace to succeed.
Run a Cannabis Business or Want to?
Timing can be a big factor in a business’s success and there is no better time than right now to get involved in the cannabis business world. But despite legalization in Canada and many USA states, getting your Cannabis Credit Card Processing set up isn’t as easy as you may think. There are federal problems in the USA which require a specific solution to accept card sales.
Cash management systems also are incredibly important for cannabis businesses taking a large portion of their sales in cash. We specialize in both credit and debit card processing systems for cannabis retailers and secure cash management systems as well.
Call today for a free consultation and see why we are the leading Canadian merchant service provider for all things Cannabis and CBD.
