NetworkNewsBreaks – Medical Cannabis Payment Sol
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Posted On: 06/26/2018 7:10:07 PM
NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Details Plans to Pursue Hemp Cultivation Program in Vermont
Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced that it is working on growing industrial hemp as part of Vermont’s industrial hemp program. Per the update, the company is currently evaluating multiple properties to commence growing and anticipates completing its first harvest in 2019. “While we are fully committed to our solution to the banking and financial transaction problems in the state sanctioned marijuana industry, we are pleased thus far with our diversification into CBD extraction,” Jeremy Roberts, CEO of REFG, stated in the news release. “With the recent approval of a CBD based medicine by the U.S. Food and Drug Administration and the Drug Enforcement Agency’s recent clarification, we believe this emerging market is an important focus for our company… We’ve been contacted by many shareholders who want to see us expand our footprint and this decision is in direct response to those petitions.” Under Vermont law, industrial hemp growers must register annually with the state’s Agency of Agriculture, Food and Markets and pay a registration fee. Growers must also comply with various farming statutes, including the Required Agricultural Practices rules.
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) this morning announced that it is working on growing industrial hemp as part of Vermont’s industrial hemp program. Per the update, the company is currently evaluating multiple properties to commence growing and anticipates completing its first harvest in 2019. “While we are fully committed to our solution to the banking and financial transaction problems in the state sanctioned marijuana industry, we are pleased thus far with our diversification into CBD extraction,” Jeremy Roberts, CEO of REFG, stated in the news release. “With the recent approval of a CBD based medicine by the U.S. Food and Drug Administration and the Drug Enforcement Agency’s recent clarification, we believe this emerging market is an important focus for our company… We’ve been contacted by many shareholders who want to see us expand our footprint and this decision is in direct response to those petitions.” Under Vermont law, industrial hemp growers must register annually with the state’s Agency of Agriculture, Food and Markets and pay a registration fee. Growers must also comply with various farming statutes, including the Required Agricultural Practices rules.
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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