NetworkNewsBreaks – Medical Cannabis Payment Sol
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Posted On: 03/22/2018 4:28:46 PM
NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Combats Cash-only Market Woes with The Green System
Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) has developed its Green system to fight the cash-only problem that has been obstructing the cannabis industry. The high-security transaction card can only be used for payment within a state where marijuana is legal and only for cannabis-related products from state-sanctioned vendors. An article discussing the Green system reads: “The Green system offers businesses and regulators the ability to track sales and tax collection information from the moment a buyer initiates a transaction at a vendor’s establishment and all the way through to the payment of taxes related to the sale. The system is built to handle 60 million transactions a month. Roberts hails his company’s approach as a commitment to abiding by the law in a “highly regulated” industry, whereas many other companies would rather avoid the associated headaches than put in the work to meet the federal government’s strict guidelines and regulations related to the business opportunities.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) has developed its Green system to fight the cash-only problem that has been obstructing the cannabis industry. The high-security transaction card can only be used for payment within a state where marijuana is legal and only for cannabis-related products from state-sanctioned vendors. An article discussing the Green system reads: “The Green system offers businesses and regulators the ability to track sales and tax collection information from the moment a buyer initiates a transaction at a vendor’s establishment and all the way through to the payment of taxes related to the sale. The system is built to handle 60 million transactions a month. Roberts hails his company’s approach as a commitment to abiding by the law in a “highly regulated” industry, whereas many other companies would rather avoid the associated headaches than put in the work to meet the federal government’s strict guidelines and regulations related to the business opportunities.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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