Medical Cannabis Payment Solutions (OTCMKTS:REFG), a corporation based in Nevada and specializes in designing and development of state-of-the-art financial services which are structured to be used in the banking and medical cannabis industry, has announced that marijuana establishments which have been licensed by the state can now sign up through its website for financial and banking processing systems. The company, which in the past has been with targeted and selected establishments, has made its financial services available to the rest of the players in the industry.
Medical Cannabis Payment Solutions CEO Jeremy Roberts said the move has completed the company’s transition the development phase and government relations to the revenue stage. He added that they are very happy to bring the company’s services to the industry; a move he says will bring more value to the company’s shareholders.
Medical Cannabis Payment Solutions was started to help solve one of the major problem in state-sanctioned marijuana: cashless banking payments. The company has developed a cutting-edge payment solution which enables consumers to buy items using United States currency and is expected to launch payment in Bitcoin in the near future.
Mr. Roberts said the company has a strong and strict regulatory compliance, security and pricing guidelines which give it a big competitive advantage over other players in the industry. He added that the company has managed to solve the financial and banking processing in the state sanctioned cannabis industry.
In other news NetworkNewsWire, a financial news and publishing company has announced that it has published an article which features Medical Cannabis Payment Solutions. The article which is titled “Medical Cannabis Payment Solutions (REFG) CEO Confident About Utah Cannabis Bill Success,” explains the possibility of the state passing the “workable medical marijuana program” plus a solution to support the program.
The state is currently developing a bill which is expected advocate for a more moderate approach and help in to bridge the gap that exist between two very different legalization initiatives. The bill has high chances of sailing through. Medical Cannabis Payment Solutions CEO Jeremy Roberts says he recently had a discussion with Rep. Lee Perry who is working on the program.