NetworkNewsBreaks – Medical Cannabis Payment Sol

NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Addresses Absence of Bank Support in the Cannabis Industry

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) is enabling cannabis providers to address the lack of bank support due to federal regulations by providing an online banking solution. An article discussing the company reads: “The company’s platform, previously only available to medical cannabis merchants, is now available to the entire cannabis industry. Licensed establishments interested in using the Green platform can now signup online. The enrollment process only takes a few minutes, given a business address and proof of licensure in the client’s respective state. The Green platform allows dispensaries to take electronic payments and deposit cash securely while remaining in complete FinCEN compliance. The response of the cannabis industry to online enrollment has far exceeded expectations. The increased web traffic alone reveals the market demand for this secure and efficient banking solution.”

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