Revenue Collection System
Tax Remittance
One of the larger challenges facing dispensary/collective operators today is tax collection and payment. There is a constant assault on dispensaries regarding the State getting its proper tax on sales of medical marijuana.
A solution for this is now available with “Medical Marijuana, Inc” using a “Stored Value Debit Card.” The debit cards or medical revenue cards are supplied 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 ” SVC is loaded for the customer by tendering cash to the Dispensary clerk. The Dispensary clerk “loads 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.
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 all levels of government that they are in compliance.
Medical marijuana requests climb sky high.
Dispensary owners report a significant increase since Obama took office. The number of ailing people turning to medical marijuana to ease their symptoms has spiked in 2009, say dispensary owners in some of the 13 states where it’s legal.
Requests have jumped anywhere from 50 to 300 percent, they say, since President Barack Obama took office and signaled that he won’t use federal marijuana laws to override state laws as the Bush administration did. Others say the economic downturn may also be responsible as more people without insurance are seeking alternatives to costly medications.
In the past few months, marijuana co-ops, clubs, businesses and even lawyers who have advocated for looser Marijuana regulations say they’ve been inundated with requests for information and certifications that permit people to use marijuana for medical purposes.
A Secure Platform
Having a secure platform for the full service engagement of all financial services directly accessed through on 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.
For further details on Medical Marijuana, Inc. contact:
info@medicalmarijuaninc.com
http://www.medicalmarijuanainc.com
http://www.twitter.com/medmarijuanainc
http://www.myspace.com/marijuanainc
Turn-Key Management Solutions
MMI will offer turn-key management solutions to new investors and operators in the Medical Marijuana Industry. MMI will provide everything that is needed to get up and running and in full compliance from the start, from site location and negotiation, permits and licensing, dispensary design, contracts with suppliers and distributors, security systems and personnel, website design and management, compliance management, accounting services, inventory control, human resources, recruiting, training, marketing, community programs and more.
For further details on Medical Marijuana, Inc. contact:
info@medicalmarijuaninc.com
http://www.medicalmarijuanainc.com
http://www.twitter.com/medmarijuanainc
http://www.myspace.com/marijuanainc
Marijuana Testing & Gradation
June 15, 2009 by 420
Filed under Press Releases, Solutions
MMI is in discussions to acquire an institutional level testing and grading solutions company and its products.
MMI intends to provide testing and grading products and services to the Medical Marijuana Industry, from personal test kits for safety to institutional level testing and grading to determine quality and potency, as well as to identify potential contaminants.
MMI testing equipment and services will soon be available to individuals, growers, dispensary operators and government institutions for public safety.
For further details on Medical Marijuana, Inc. contact:
info@medicalmarijuaninc.com
http://www.medicalmarijuanainc.com
http://www.twitter.com/medmarijuanainc
http://www.myspace.com/marijuanainc
