NetworkNewsBreaks – Medical Cannabis Payment Sol
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Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced the launch of Green, its best-in-class payment system for state-sanctioned cannabis. Previously called StateSourced, Green allows state-licensed cannabis establishments to electronically transact payments and complete sales with just a few clicks. “What we’re launching is the very literal cure for the banking nightmare cannabis establishments face,” Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, stated in the news release. “This checks every box, from regulatory compliance, security, affordability, ease of use, integration—you name it, we’ve responded… This doesn’t function like a merchant account, it is one. And that means it has all that functionality, from online sales, repeat billing, it takes state-sanctioned cannabis from the 19th century and gladly welcomes it to the 21st.” Medical Cannabis Payment Solutions is currently working with select retailers as it launches the system, with plans in place to make Green available to all participants in state-sanctioned cannabis markets in the coming weeks.
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