A credit card company has dedicated themselves to offering financing services for merchants in the industry that sell medical marijuana. 420 Card Processing has announced that they will be offering financing to medical marijuana merchants to help alleviate the issues with limited capital availability.
“We have teamed up with a premium merchant cash advance company to ensure that medical marijuana providers are not starved of the capital they need to effectively meet the needs of their patients and that they are not overcharged for these services,” said Nick Emerson, the managing director for 420 Card Processing. This service would allow medical marijuana merchants to have immediate funding for future credit card transactions.
Medical marijuana businesses have had a major issue getting approved for credit from traditional banking sourced due to the nature of their product. “When a small business, such as medical marijuana dispensary, can’t access basic banking services they either have to become cash-only and become targets of crime or they’ll end up out of business,” noted Colorado Congressman, Jared Polis. 420 Card Processing has been specializing in the blossoming industry and is well equipped to offer these long awaited services.
If your medical marijuana dispensary needs cash for any reason, 420 Card Processing can help get you’re the funding you need. Usually an application can be processed within days and is the amount is based on credit card sales and several financial factors. The advance is repaid automatically by deducting a percentage of the business’ credit card transactions each day.
Those interested in the services can visit 420cardprocessing.com or contact the company by phone at 800-579-1675.
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