Medical Marijuana, Inc. is helping to promote the legalization of medical marijuana and the end of prohibition, by providing a payment system that will satisfy government compliance issues as well as the patients. It is the first company in this industry to go public.
Medical Marijuana Inc.'s Company
Medical Marijuana, Inc.
Medical Marijuana, Inc. is positioned to take advantage of opportunities as they appear in the emerging legal medical marijuana industry through an enhanced payment gateway introducing verifiable levels of enhanced security. A trend is in place that clearly indicates medical marijuana is quickly becoming a legal enterprise in need of various solutions in numerous areas. Solutions Plastic debit cards or medical revenue cards are supplied by Medical Marijuana, Inc. to the Medical Marijuana Dispensary (or Collective/Co-op as they are legally designated in California). The customers of the dispensary are issued the closed loop “Stored Value Card” (SVC). This “Stored Value Card” (SVC) is loaded for the customer by tendering cash to the Dispensary clerk. The Dispensary clerk will load up the new card for the customer using the “Point of Sale” (POS) System which will also recognize the dispensary location, as well as tax rates for the appropriate government agencies. Advantages The Medical Marijuana, Inc. secure platform for the full service engagement of all financial services directly accessed through an integrated system, allows for a much more secure and confident transaction between customer, vendor and supplier. The ease of access to certifiably secure transactions lessens the risk of loss at each level of the transaction. Users are empowered, operators are empowered and Government Agencies are more confident in assuring their collection of taxes and fees while secure in the function of financial interactions. Operators have the benefit of establishing deeper and more meaningful relationships with their customer base. As such, the operators’ ability to enhance their revenue generating capabilities is much greater with the full access to the suite of financial services provided by our vast networked platform. This enables full creative expansion within any sector to a retail operator of which these facilities may choose to engage.
Medical Marijuana Industry Solutions
Medical Marijuana, Inc. offers solutions for tax collection and payments for Medical Marijuana dispensaries and collectives with a "Stored Value Card". This card is issued and loaded at the dispensary, or collective. The customer uses the card for all their purchases. At the point of sale, when the card is either swiped or entered into the computer, all the taxes are accounted for, separated, and placed into the dispensary/collective's sales tax bank account. At the end of the month, or quarter, they write a check from this bank account to the tax authorities. Simple, fast and complete. At this point, they are showing a major voluntary position of intent regarding tax collection and payment. This system will also significantly aid the dispensary/collective owner with the accounting challenges they currently face with cash transactions. This will reduce some of the major headaches they face internally as well as satisfy the government that they are in compliance.
Medical Marijuana Inc.'s Company
Solutions
Plastic debit cards or medical revenue cards are supplied by Medical Marijuana, Inc. to the Medical Marijuana Dispensary (or Collective/Co-op as they are legally designated in California). The customers of the dispensary are issued the closed loop “Stored Value Card” (SVC). This “Stored Value Card” (SVC) is loaded for the customer by tendering cash to the Dispensary clerk. The Dispensary clerk will load up the new card for the customer using the “Point of Sale” (POS) System which will also recognize the dispensary location, as well as tax rates for the appropriate government agencies.
Advantages
The Medical Marijuana, Inc. secure platform for the full service engagement of all financial services directly accessed through an integrated system, allows for a much more secure and confident transaction between customer, vendor and supplier.
The ease of access to certifiably secure transactions lessens the risk of loss at each level of the transaction. Users are empowered, operators are empowered and Government Agencies are more confident in assuring their collection of taxes and fees while secure in the function of financial interactions.
Operators have the benefit of establishing deeper and more meaningful relationships with their customer base. As such, the operators’ ability to enhance their revenue generating capabilities is much greater with the full access to the suite of financial services provided by our vast networked platform. This enables full creative expansion within any sector to a retail operator of which these facilities may choose to engage.
Company Contact Details
Medical Marijuana Inc.'s Blog
This card is issued and loaded at the dispensary, or collective. The customer uses the card for all their purchases. At the point of sale, when the card is either swiped or entered into the computer, all the taxes are accounted for, separated, and placed into the dispensary/collective's sales tax bank account. At the end of the month, or quarter, they write a check from this bank account to the tax authorities. Simple, fast and complete. At this point, they are showing a major voluntary position of intent regarding tax collection and payment.
This system will also significantly aid the dispensary/collective owner with the accounting challenges they currently face with cash transactions. This will reduce some of the major headaches they face internally as well as satisfy the government that they are in compliance.