June 14, 2012
-- There are currently over 3000 medical marijuana dispensaries in the United States, a large majority of these dispensaries operated with merchant accounts provided by Electronic Merchant Systems. Last week EMS sent communications to all of the MMJ dispensaries in it's portfolio that their accounts will be closed at the end of June 2012.
Medical marijuana dispensaries have been legal in California for almost 15 years and the MMJ industry is flourishing. With over a thousand dispensaries across the state and thousands of doctors offering medical marijuana recommendations, California represents a majority of the payment processing volume in the MMJ industry.
The announcement from Electronic Merchant Systems has left many business owners scrambling for payment processing services. Currently eMerchantBroker.com is helping hundreds of dispensary owners transition from EMS to an alternate payment processing solution.
eMerchantBroker.com is a high risk merchant services brokerage based in Los Angeles, CA. The company currently has 40 medical marijuana dispensaries in California that it provides payment processing services for, although month to date the company has boarded 15 new locations and placed over 20 processing terminals with equipment rental contracts.
ISO's and merchant level sales agents are encouraged to contact eMerchantBroker.com regarding opportunities in this vertical market. To learn more about credit card processing for your medical marijuana dispensary visit http://www.emerchantbroker.com