Category Archives: Medical Cannabis Payment Solutions REFG

Medical Cannabis Payment Solutions (REFG) CEO Confident About Utah Cannabis Bill Success

February 14, 2018

  • Proposed legislation would be more moderate than a current legalization initiative but allow more concessions than a more conservative bill submitted this season
  • Jeremy Roberts is confident the yet undrafted bill will be ready for consistent debate before the end of the current legislative session on March 8
  • Cannabis is illegal in Utah, with only one exception: non-psychoactive medical CBD oil extract is allowed for patients suffering from severe epilepsy

A medical cannabis bill that would advocate a more moderate approach and would “bridge the gap” between two very different legalization initiatives currently underway, has every chance to be successful, according to Medical Cannabis Payment Solutions (OTC: REFG) CEO Jeremy Roberts, quoted by the Deseret News (http://ibn.fm/ujXBR). Roberts, who is also a member of the Utah Republican Party, discussed the matter with Rep. Lee Perry, who is planning on coming up with a “workable medical marijuana program in the state.” While the bill has not yet been formally drafted, with Perry still gathering input on language and contents, Roberts is confident that the initiative will be ready in time to be debated before the end of the legislative session on March 8.

Leveraging his experience as CEO of a merchant processing pioneer in the medical cannabis industry, Roberts said he met with several interested lawmakers in recent months to discuss what would be a “reasonable program” with appropriate controls in place to allow patients access to marijuana-based medication they need. Talks even focused on aspects of current marijuana legislation in other states, to determine which policies would make the most sense for Utah.

Cannabis is illegal in Utah, with the exception of a non-psychoactive medical CBD oil extract for patients with severe epilepsy. Advocates of medical marijuana legalization for people with serious medical conditions are rallying for a state-wide ballot sometime this year, an initiative that enjoys overwhelming support. About 76 percent of Utah voters are in favor of the initiative, according to a January survey by The Salt Lake Tribune and the Hinkley Institute of Politics with the University of Utah (http://ibn.fm/BTp4i). Opponents of the initiative, including Perry and Roberts, say the ballot goes further than most people realize and would basically provide backdoor access to the equivalent of a recreational program.

On the other side, Rep. Brad Daw has introduced a package of bills on medical marijuana which would allow terminally ill patients to try the substance and would have the state grow its own plant. Roberts believes the legislation proposed by Daw this session is too conservative, and not too different from the “ultra-conservative” initiatives that the legislature has come up with up to this point.

Lawmakers know that they need to pass a medical marijuana bill but “they haven’t been given a good option” so far, Roberts said. The Medical Cannabis Payment Solutions CEO is confident that what Perry will come up with be viewed as a better and more moderate option which the caucuses are going to love. The bill will most likely start by allowing unrestricted access to CBD oil to all patients who need it, and broad access to marijuana for terminally ill patients. Gradually, the bill will allow for higher ratios of THC to CBD for certain categories of patients, but it will most likely not allow access to the whole plant at any point, Roberts explained.

In a separate interview with Jane King of SCN Corporate Connect (http://ibn.fm/7cJh8), Roberts talked about his company’s commitment to regulatory compliance, as opposed to other companies in the industry which would rather “walk away” than put in the work to meet the federal government’s very strict guidelines and regulations. He said that part of his activity in Washington DC includes working with the authorities to show that “people actually can and are willing to comply with the regulations they put forth.”

Roberts also briefly discussed his company’s fully secure, state-of-the-art services to the medical marijuana sector, in particular its ability to track sales and tax collection from the moment when a buyer enters the vendors’ establishment, the purchases made, all the way through the payment of taxes. This functionality “hasn’t existed up until we’ve come to the marketplace, and we can actually show the provenance of funds in that market,” he said.

Medical Cannabis Payment Solutions brought to the market the first and only comprehensive card processing service. Via Green, a proprietary payment system that was launched earlier in January 2018, the company aims to offer a “cure for the banking nightmare cannabis establishments face,” according to Roberts. The platform has full merchant account functionality that allows for repeat billing, online sales, client management and 100 percent secure electronic payments. The system is also fully compliant with Financial Crimes Enforcement Network (FinCen) regulations and parameters for financial institutions serving the medical cannabis sector.

For more information, visit the company’s website at www.REFG.co

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

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QualityStocksNewsBreaks – Medical Cannabis Payment Solutions (REFG) Solving the Banking Nightmare of the Medical Marijuana Industry

February 6, 2018

Medical Cannabis Payment Solutions (OTC: REFG) is a cannabis-focused financial services company committed to providing end-to-end management for medicinal marijuana operations. An article discussing the company reads: “Based in Nevada, the corporation serves the medical marijuana sector. As a merchant processing pioneer of the marijuana industry, Medical Cannabis Payment Solutions brought to the market the first and only comprehensive card processing service. Via Green, a proprietary payment system that was launched earlier in January 2018, the company aims to offer a “cure for the banking nightmare cannabis establishments face,” according to CEO Jeremy Roberts. The platform has full merchant account functionality that allows for repeat billing, online sales, client management and 100 percent secure electronic payments.

To view the full article, visit http://ibn.fm/eB3Ye

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About Medical Cannabis Payment Solutions

Medical Cannabis Payment Solutions engages in providing end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. The company strives to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, visit the company’s website at www.REFG.co.

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

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Medical Cannabis Payment Solutions (REFG) Offers a Simple Banking Solution

January 31, 2018

  • Bringing to market the first and only comprehensive card processing operation of its kind, simple for businesses and clients
  • Helps cannabis distributors stay in compliance with all federal laws
  • Empowers businesses with an advanced client management system

Medical Cannabis Payment Solutions (OTC: REFG) provides the industry with fully secure, state-of-the-art financial services that are simple to set up and easy to use. In January, the company launched Green, a platform with full merchant account functionality. Cash-only operations are now a thing of the past. This comprehensive card processing operation allows for online sales, client management, repeat billing and 100 percent secure electronic payments. Still classified as an illegal drug by the federal government, marijuana sales have left legal marijuana distributors in need of financial and banking solutions. Green is the answer.

Green allows marijuana dispensaries to have immediate access to funds while simultaneously keeping them in compliance with all Financial Crimes Enforcement Network (FinCEN) laws. Operating as a cash-only business creates a number of problems. Tracking funds and managing security can be a logistical nightmare. Medical Cannabis Payment Solutions allows businesses to be more accountable with their cash flow and more accurately track sales. It also helps simplify payroll and bills. Businesses can pay expenses straight from their Green accounts.

Medical Cannabis Payment Solutions offers businesses an advanced client management system, relieving the headache that comes with a cash-only operation. Green allows businesses to take payments directly from patients. Branded cards for clients are available so that they will have the businesses’ brands with them everywhere they go, fostering customer loyalty. Recurring billing orders can be set up, as well as integrated ecommerce shopping carts for online orders. Green is a total banking solution. Cannabis-related businesses now have top-tier banking solutions that are simple to use.

For more information, visit the company’s website at www.REFG.co

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Medical Cannabis Payment Solutions’ (REFG) Proprietary Platform Helps Expand Cannabis Industry’s Banking Options

January 29, 2018

  • The company’s platform offers full merchant account functionality and fully secure payment processing options
  • Medical Cannabis Payment Solutions’ technology is used by medical marijuana vendors
  • Bitcoin payments will soon be integrated into the platform

Although marijuana was one of the fastest-growing industries over the last couple of years and is expected to continue at the same pace throughout 2018 and beyond, authorized businesses and vendors still have a hard time managing their finances and customers in the absence of banking services. With most banking institutions unable to open their doors to legal marijuana businesses because the substance is still classified as an illegal drug by the federal government, it is up to companies such as Medical Cannabis Payment Solutions (OTC: REFG) to provide the industry with fully secure, state-of-the-art financial services.

Based in Nevada, the corporation serves the medical marijuana sector. As a merchant processing pioneer of the marijuana industry, Medical Cannabis Payment Solutions brought to the market the first and only comprehensive card processing service. Via Green, a proprietary payment system that was launched earlier in January 2018, the company aims to offer a “cure for the banking nightmare cannabis establishments face,” according to CEO Jeremy Roberts. The platform has full merchant account functionality that allows for repeat billing, online sales, client management and 100 percent secure electronic payments.

Green was designed specifically to meet all the demands of marijuana businesses in need of a financial and banking solution, from security to ease of use, compliance, integration and more. The system’s robust closed loop merchant processing brings private and encrypted digital security to vendors in the sector, offering the highest level of security available. It is affordable and easy to use, being designed to deliver a comprehensive suite of processing services, with the end goal of empowering both businesses and customers with the convenience of modern card processing resources.

As the first comprehensive card processing system of the kind, Green also tracks tax collection and sales, basically operating as a client management system. Last but not least, Medical Cannabis Payment Solutions’ advanced proprietary platform is fully compliant with Financial Crimes Enforcement Network (FinCen) regulations and parameters for financial institutions serving the medical cannabis sector.

To further expand its services to the state-legal medical marijuana sector, Medical Cannabis Payment Solutions announced plans to include bitcoin payment processing in its proprietary payment processing platform. Green offers clients an advanced payment solution that allows purchases with U.S. currency and will soon include bitcoin payment options as well. Roberts explained that the decision was made based on customer feedback, with many vendors interested in implementing cryptocurrency payment options.

The Medical Cannabis Payment Solutions CEO is confident that the ability to process bitcoin will give the company an even bigger competitive advantage and will make it more attractive to medical cannabis vendors in a booming market that’s expected to exceed $31 billion within the next three years, from $6.5 billion in 2016.

For more information, visit the company’s website at www.REFG.co

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
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Editor@QualityStocks.com

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Medical Cannabis Payment Solutions (REFG) Breaking the Cannabis Payment Logjam

January 17, 2018

  • State-sanctioned cannabis businesses forced into cash-only operations due to federal conundrum
  • Medical Cannabis Payment Solutions has alternative for cannabis banking that solves cash handling issues
  • Company’s proprietary system breaks logjam and provides businesses with competitive advantages

As the scientific evidence of the medical efficacy of marijuana has mounted, multiple states have begun to legalize its use. Ignoring antiquated federal strictures, 29 states now permit medicinal use, with eight states allowing recreational use, and more states are expected to expand legalization this coming year. The acceptance of marijuana throughout the nation has spawned a multi-billion dollar industry, yet it has also created a continuing conundrum for businesses engaged in marijuana transactions. These businesses are legal, yet are unable to open or maintain a bank account. Since the federal government still regards marijuana as an illegal drug, it has created an all-cash nightmare for the cannabis industry. Banks are regulated by the federal government and most won’t touch cannabis cash. A multi-billion dollar cash business invites headaches and trouble. Tax collection, payroll problems, bill payment, assaults and armed robbery all plague an industry that’s expected to exceed $37 billion in the U.S. by 2024. No other industry of this size suffers through such operational and logistical nightmares.

To solve these complex issues, Medical Cannabis Payment Solutions (OTC: REFG) has created the first purpose-built solution to cannabis banking that solves cash handling issues, offers electronic payment and e-commerce features and gives marijuana businesses immediate access to funds while keeping them in compliance with all federal (FinCEN) laws to combat domestic and international money laundering, terrorist financing and other financial crimes. Not only compliant, REFG’s end-to-end payment processing solution finally provides cannabis customers and retailers with high-function payment options other than cash.

REFG’s proprietary Green closed-loop merchant processing system is the first operation of its kind geared to the legal cannabis industry. Not a prepaid or gift card, it is one of the first and only comprehensive card processing operations to break the operational and logistical logjam caused by cash-only transactions in state-sanctioned marijuana businesses. The debit card from Medical Cannabis Payment Solutions can only be used for payment within a state where marijuana is legal and only for cannabis-related products from state-sanctioned vendors. Businesses using the company’s card realize an immediate advantage in reducing risks, meeting regulatory requirements and promoting customer interactions.

By breaking the logjam and providing state-sanctioned marijuana businesses with the first purpose built solution to cannabis banking, including sales tracking and tax collection, Medical Cannabis Payment Solutions is poised to become an indispensable asset to the burgeoning national marijuana industry.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Medical Cannabis Payment Solutions (REFG) Announces Plans to Accept Bitcoin Payments

January 11, 2018

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning announced plans to begin processing payments in bitcoin. Per the update, this development goes beyond the current version of the company’s merchant app, which is available to state-licensed marijuana establishments. “The payment system will offer a unique Bitcoin payment option enabling consumers to easily use the digital currency to make purchases,” Sean Hullinger, chief legal officer of Medical Cannabis Payment Solutions, stated in the news release. “This process allows stores to accept not only electronic payments in US dollars, but also digital currency (instead of cash only). We are working hard and intend to rapidly become Bitcoin-acceptable in transactions.”

To view the full press release, visit http://dtn.fm/PRrQ8

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About Medical Cannabis Payment Solutions

Our mission is to provide end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. We strive to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, please visit the company’s website at www.REFG.co

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Medical Cannabis Payment Solutions (REFG) Issues Response following Attorney General’s Decision to Rescind Cole Memo

January 8, 2018

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) this morning issued a response to Attorney General Jeff Sessions’ decision to rescind the Cole Memo and other internal enforcement guidelines from the Obama Administration that deprioritized enforcement of federal marijuana prohibition against individuals and businesses complying with state laws regarding marijuana. “Our company relied on the Cole Memo and the supplementary Treasury Department guidance in our company’s business strategy,” Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, stated in the news release. “We also rely on the protections of the Rohrabacher-Farr Amendment. We believe that while the Cole Memo provided additional guidance in our business practices, our legal protections lie solely in the language of the Amendment and our adherence to the laws in the various states in which we operate.” The Rohrabacher-Farr Amendment, which became law in 2014, prohibits the Justice Department from spending funds to interfere with the implementation of state medical cannabis laws authorizing the use, distribution, possession or cultivation of medical marijuana.

To view the full press release, visit http://dtn.fm/xD4bv

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About Medical Cannabis Payment Solutions

Our mission is to provide end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. We strive to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, please visit the company’s website at www.REFG.co

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

QualityStocksNewsBreaks – Medical Cannabis Payment Solutions (REFG) Launches Cure for Cannabis Industry’s Banking Blues

January 4, 2018

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.

To view the full press release, visit http://dtn.fm/zx4XQ

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About Medical Cannabis Payment Solutions

Our mission is to provide end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. We strive to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, please visit the company’s website at www.REFG.co

About QualityStocksNewsBreaks

QualityStocksNewsBreaks provide a rapid summary of corporate news that catch the attention of QualityStocks. QualityStocksBreaks are designed to keep investors up to date on important and breaking news in the small-cap and micro-cap markets. Spanning all industries, including energy, entertainment, telecommunications, healthcare, retail and more, these news breaks deliver opportunities the investment community may have missed. Whether it is earnings results, mergers and acquisitions, or any other market-moving news, our news breaks keep you in the know. QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential.

QualityStocks (QS)
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www.QualityStocks.com
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Medical Cannabis Payment Solutions (REFG) Prepares Seamless Transition for Payment Processing to Support Card Participation in Marijuana Industry

December 27, 2017

  • If Visa and MasterCard (or others) choose to participate in the marijuana industry in the future, REFG plans to offer quick, full spectrum payment processing
  • REFG’s StateSourced payment gateway is Financial Crimes Enforcement Network (FinCEN) compliant
  • Medical marijuana sales will grow to $13.3 billion by 2020, and adult recreational marijuana sales are expected to reach $11.2 billion by 2020, according to Forbes

Medical Cannabis Payment Solutions (OTC: REFG) is ready for the future with a seamless transition in the event that Visa or MasterCard (or others) choose to participate in the marijuana industry. In the event of a transition, full spectrum payment processing would be readily available.

REFG provides dispensaries and related businesses with a proprietary merchant processing system designed to serve the needs of state-legalized cannabis markets. The company offers exclusive and proprietary card processing services not otherwise available through most financial institutions. The goal is to offer simple, compliant and secure payment solutions. These solutions apply to the entire cannabis industry — not just medical marijuana retailers. A growing number of marijuana dispensaries and other businesses elect not to participate in a cash-only transaction environment.

REFG is a first-tier merchant processing cannabis industry pioneer. It offers a state-of-the-art system that tracks sales and tax collection. The mission of REFG is to provide end-to-end management, across multiple management systems, to solve the fragmentation problem of medicinal marijuana operations by identifying tools that are important to them.

Offering another processing feature, the company recently announced its partnership agreement with First Bitcoin Capital Corporation (OTC: BITCF) (http://dtn.fm/8xTq6). The agreement will enable marijuana facilities and their consumer clients to conduct payment processing with StateSourced debit cards, in addition to prominent cryptocurrencies such as $Weed and bitcoin. The additional option is available to both dispensaries and consumers, per company reports.

Forbes reports that sales of medical marijuana will reach $13.3 billion by 2020, and adult recreational volume is expected to hit $11.2 billion by 2020 (http://dtn.fm/j3GM5).

For more information, visit the company’s website at www.REFG.co

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

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480.374.1336 Office
Editor@QualityStocks.com

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Medical Cannabis Payment Solutions (REFG) Primed to Meet Needs of Legal Cannabis Consumers

December 26, 2017

  • Recreational and medical marijuana market in U.S. estimated to reach $37 billion by 2024
  • Need for payment processing solutions increases as cannabis continues march toward legalization
  • Cryptocurrency presents a payment option, along with comprehensive card processing solutions

Medical Cannabis Payment Solutions (OTC: REFG), the industry’s leading end-to-end payment processing solution for the legal marijuana industry, gives cannabis retailers and consumers different payment options besides bringing hard cash to the table.

The company’s unique StateSourced proprietary system offers one of the first and only comprehensive card processing operations to serve state-sanctioned marijuana industries. StateSourced is not a prepaid or gift card, which is an important distinction to merchants and clients alike since financial institutions continue to avoid the legal marijuana sector. Federal law still considers marijuana illegal under the Controlled Substances Act, although 29 states and the District of Columbia have legalized the plant’s use in one form or another.

Medical Cannabis Payment Solutions emphasizes that its debit card can only be used to purchase cannabis-related products from state-sanctioned vendors, which means it must be used for payment within a state where marijuana is legal. The company’s card includes a state-of-the-art system that tracks sales and tax collection, giving businesses a distinct advantage when it comes to client management and meeting regulatory requirements (http://dtn.fm/nfE84).

In another first, the company is collaborating with First Bitcoin Capital Corporation to integrate First Bitcoin’s cryptocurrency ($Weed) with Medical Cannabis Payment Solutions’ StateSourced payment gateway. State-licensed marijuana dispensaries around the country will have the option of accepting StateSourced cards and approved cryptocurrencies, such as Bitcoin and Weedcoin, which frees consumers up from carrying cash to make purchases (http://dtn.fm/XkOC5).

Medical Cannabis Payment Solutions CEO Jeremy Roberts said in a recent interview with NetworkNewsAudio, a service of NetworkNewsWire, that the company’s new website (www.REFG.co) allows consumers to apply online for a StateSourced card.

“We’ll do a short due diligence period as required by law, and then we’ll be able to set up processing for them,” Roberts said in the interview, adding that, once the account is set up, using it is easy, accessible and solves the headache of purchasing product from legal businesses that, until now, have been forced to operate on a cash-only basis.

Numerous industry reports state that the recreational and medical marijuana industries will continue their upward trajectory as the highly-regulated plant becomes more accessible through legalization. A report by Statista shows that the estimated retail sales of medical marijuana in the United States will reach nearly $7 billion by 2021 (http://dtn.fm/8aTvw), but that figure pales somewhat next to the combined market that includes recreational marijuana. The consumer market for both sectors of the marijuana industry is expected to eclipse $26 billion by 2021 (http://dtn.fm/Actt1), with significant increases expected over the following three years, when the market size is expected to reach $37 billion.

Medical Cannabis Payment Solutions provides hand-crafted, secure financial solutions for the cannabis industry. The company’s commitment to providing customers, dispensaries and related businesses working in the state-legalized cannabis markets with real, working solutions to a frustrating problem is front and center on its new website.

For more information, visit the company’s website at www.REFG.co

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Medical Cannabis Payment Solutions (REFG) is at the Forefront of the Multi-Billion Legal Cannabis Market

December 19, 2017

  • U.S. medical and recreational marijuana sales are projected to reach $24.5 billion by 2025
  • REFG has pioneered a first-of-its-kind payment system tailored specifically to the underserved legal cannabis industry with planned expansion to integrate cryptocurrency payments
  • Growth trends continue amid widespread legalization of marijuana for medical and recreational use

As trends continue toward increased awareness regarding the potential health benefits of cannabinoids, as well as widespread legalization of marijuana for medical and recreational use, Medical Cannabis Payment Solutions (OTC: REFG) is positioned as a pioneer at the forefront of a multi-billion dollar market. Serving both medical and recreational dispensaries and related businesses, the company is able to compete in various and widely-underserved verticals with solutions specifically tailored to the cannabis industry.

Within the current multi-billion dollar and rapidly-growing industry (New Frontier Data projects U.S. medical and recreational marijuana sales will reach $24.5 billion by 2025) (http://dtn.fm/8hK4d), REFG is a frontrunner in the booming market that is vying to match growing demand with full spectrum solutions.

In response to the need for a private encrypted digital solution, REFG is positioned in the industry as a first-tier merchant processing pioneer. REFG, through subsidiary StateSourced, has launched the first and only comprehensive card processing system of its kind. With considerable investment in market research and product development, the company specifically tailored the new technology to serve cannabis industry vendors and end users with security, convenience and sector-specific customized tools. The result is a completely-integrated, state-of-the-art platform that empowers businesses by leveraging capabilities to track sales and tax collection with industry-customized tools and advanced capabilities for comprehensive client management.

Within the system, REFG will earn revenues in the form of a percentage of all financial transactions. In addition, the company is further expanding processing options to enable cryptocurrency payments. To bring this solution to market, REFG has partnered with First Bitcoin Capital Corporation (OTC: BITCF) to integrate Weed Coin cryptocurrency (“$Weed”). This expansion will provide more options to meet the changing demands of the market, as well as current and comprehensive payment methods to enable payment processing via both debit cards and prominent cryptocurrencies like $Weed and bitcoin.

With projected growth trends, widespread legalization of marijuana for medical and recreational use and increased opportunities to effectively participate in commerce with a variety of prominent payment processing options, REFG is well-positioned as an industry leader in the rapidly-growing market.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Medical Cannabis Payment Solutions (REFG) Integrates Cryptocurrency Payment Options

November 27, 2017

  • The rapid growth of the legal cannabis industry has increased the need for tailored and comprehensive payment solutions for dispensaries and other retailers in the field.
  • Medical Cannabis Payment Solutions partnered up with First Bitcoin Capital Corporation to enable cryptocurrency payments.
  • The company has also launched its specialized digital payment platform for dispensaries that ensures full compliance and delivers full-spectrum merchant processing services.

Medical Cannabis Payment Solutions (OTC: REFG) announced that it will integrate First Bitcoin cryptocurrency (“$Weed”) with its StateSourced medical cannabis payment gateway service. The announcement came in November, following a partnership agreement between Medical Cannabis Payment Solutions and First Bitcoin Capital Corporation (OTC: BITCF).

Medical Cannabis Payment Solutions is an industry leader in the field of payment processing for the marijuana industry. Currently, no other company on the market offers a completely integrated payment processing system that’s entirely tailored to the needs of marijuana industry representatives. The company helps rapidly growing businesses in the field by identifying tools that dispensaries need the most and customizing these tools to address the operational specifics in the field.

The partnerships with First Bitcoin Capital Corporation is yet another move in the same direction. Through the collaboration, dispensaries and other companies that work in the marijuana industry will gain another opportunity for payment processing. They will work with both debit cards and prominent cryptocurrencies like $Weed and the well-known bitcoin.

Medical Cannabis Payment Solutions and First Bitcoin Capital Corporation signed a partnership agreement on November 8, 2017. The aim of the agreement is to revolutionize end-to-end compliance solutions. Upon the complete realization of the new project, a platform will be launched to deploy an exchange system. Because of the growing cannabis industry, more flexibility is required in terms of payment processing. The addition of a decentralized cryptocurrency provides an easy opportunity for non-cash payments to be made.

According to Medical Cannabis Payment Solutions representatives, the partnership will enable consumers to overcome many of the regulatory obstacles in the industry. As a part of the project execution, the company has announced that it will buy a block of $Weed in return for a block of REFG restricted common stock.

First Bitcoin Capital Corporation CEO Greg Rubin said that America is shaping up to be one of the world’s biggest marketplaces for the products of the cannabis industry. The partnership with Medical Cannabis Payment Solutions can potentially revolutionize compliance products and the processing of payments in the field.

America’s medical cannabis industry is expected to grow at double digit rates in the years to come. According to a Bloomberg report, the compound annual growth rate will be 27 percent by 2021 (http://dtn.fm/z6yL7). In 2016 alone, consumers spent 6.7 billion dollars on legalized weed products. The increase is 34 percent on an annual basis.

By 2020, the marijuana industry is projected to create more jobs than manufacturing (http://dtn.fm/kv5Ny). Medical marijuana sales are set to increase from 4.7 billion dollars in 2016 to 13.3 billion dollars 2020. Recreational sales will go up from 2.6 billion dollars in 2016 to 11.2 billion dollars in 2020.

With growing trends towards widespread legalization, Medical Cannabis Payment Solutions announced the launch of the first in-market digital payment solution in November 2017. The product is specially tailored to the needs of dispensaries. The payment solution can track sales, it features encrypted digital security and allows for comprehensive client management.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Medical Cannabis Payment Solutions (REFG) Offers Cannabis Retailers Merchant Processing They Can Bank On

November 14, 2017
  • Medical marijuana now legal in 30 U.S. jurisdictions
  • Comprehensive merchant processing solution dedicated to marijuana industry
  • Frees customers and retailers from solely using cash

The Controlled Substances Act (CSA), signed into law by President Richard Nixon in 1970, continues to cast a baneful shadow over the liberalization landscape. In the half a century since its passage, public attitudes toward cannabis have changed. A survey conducted by the respected Pew Research Center late last year found that ‘57% of U.S. adults say the use of marijuana should be made legal’ (http://dtn.fm/Lz4FG). This is up from 12% in 1969, the year before the CSA became the law of the land. However, the Food and Drug Administration (FDA), the Drug Enforcement Agency (DEA) and the Department of Justice (DOJ) continue to buck this trend. As an example, in May 2017, Attorney General Jeff Sessions wrote Congress to record his opposition to the Rohrabacher-Farr amendment, the spending rider that bars the Justice Department from interfering with the implementation of state medical marijuana laws. Consequently, cannabis is neither fish nor fowl; it’s legal in some states but simultaneously illegal by federal law. Luckily, Medical Cannabis Payment Solutions (OTC: REFG) is offering a way out of this muddle. Through its wholly owned subsidiary, StateSourced, the company provides a proprietary, closed loop system of merchant processing for marijuana enterprises. Now marijuana dispensaries will have access to the only first-tier merchant processing operation currently available.

Despite being legalized in 29 states and the District of Columbia, medical marijuana remains a Schedule 1 substance under the Controlled Substances Act of 1970. Accordingly, the members of the U.S. Federal Reserve System feel compelled to abide by the provisions of the CSA and will not charter any financial institution that serves marijuana businesses. In a seminal case late in 2015, a federal judge dismissed a lawsuit brought by the Fourth Corner Credit Union of Denver that attempted to compel the Federal Reserve to grant the credit union a ‘master account’ (http://dtn.fm/2z0DN). The judge agreed with the motion put forward by the Fed that ‘even transporting or transmitting funds known to have been derived from the distribution of marijuana is illegal’ and that, unlike federal prosecutors who might not enforce the law if financial institutions observed certain guidelines for dealing with the marijuana industry, a court could not ‘look the other way’.

The morass resulting from the conflict between federal and state rules has created problems for the states that have legalized cannabis use, including difficulties collecting tax revenue, increased risk of serious crime, and the inability of a newly legal industry under state law to effectively engage in banking and commerce. However, Medical Cannabis Payment Solutions, which, since May 2013, has been focused on developing ancillary services for the marijuana industry, is now offering a robust, instrumental, closed loop merchant processing system.

In response to the overwhelming need to have a private encrypted digital solution to serve the rapidly growing legal marijuana industry, Medical Cannabis Payment Solutions, through subsidiary StateSourced, is bringing to market the first and only first-tier merchant processing operation of its kind. The company is offering a comprehensive structure which tracks sales and tax collection and empowers businesses with an outstanding state-of-the-art client management system. Medical Cannabis Payment Solutions, which expects its first sales soon, will earn revenue by charging transaction fees of up to 5% for all financial transactions. Management believes that, currently, no other company offers a comparable completely integrated closed loop first-tier processing system for cannabis transactions. The company’s unique selling proposition is likely to be welcomed by dispensaries as the trend toward legalization of medical and recreational marijuana strengthens.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Medical Cannabis Payment Solutions (REFG) is “One to Watch”

November 13, 2017
  • Pioneered comprehensive card processing payment operation dedicated to medical marijuana industry
  • Proprietary merchant processing system serves demands of the legal $6 billion cannabis market
  • Alternative payment solution empowers businesses by tracking sales and tax collection, frees consumers and retailers from solely using cash
  • Fully compliant with FinCEN’s anti-money laundering efforts

Medical Cannabis Payment Solutions (OTC: REFG), headquartered in Cheyenne, Wyoming, is a first-tier merchant processing cannabis industry pioneer, offering one of the first and only comprehensive card processing operations of its kind to serve the state-sanctioned medical marijuana industry. The company’s state of the art system, which also tracks sales and tax collection, and eliminates the need to deal in cash-only transactions.

Through its robust, closed-loop merchant processing system, the company’s unique “StateSourced” proprietary system enables authorized operation under FinCEN parameters and complies with all regulatory frameworks. StateSourced is tailored to deliver full-spectrum merchant processing services, providing the convenience of modern commercial card processing resources and making it the first operation of its kind geared to the legal cannabis industry.

StateSourced is not a prepaid or gift card, which is an important variable for merchants since standard banking institutions have not offered this form of payment processing to the legal cannabis industry. Federal law still considers marijuana illegal under the Controlled Substances Act, although 29 states and the District of Columbia have legalized the plant either for medicinal or recreational uses or both. This restriction has kept financial institutions at bay since most banks are federally insured and haven’t been inclined to venture into the nascent industry.

Medical Cannabis Payment Solutions is able to offer its StateSourced card on a state-by-state basis where the card can be used in purchasing product from a legal, authorized vendor, providing a much-needed option for consumers and businesses alike. In another first, the company is collaborating with First Bitcoin Capital Corporation to integrate First Bitcoin’s cryptocurrency ($Weed) with Medical Cannabis Payment Solutions’ StateSourced payment gateway. This collaboration will allow state-licensed marijuana establishments across the nation to accept both StateSourced debit cards and cryptocurrencies such as WeedCoin and Bitcoin.

Medical Cannabis Payment Solutions president and CEO Jeremy Roberts and his executive team are working with state lawmakers to introduce legislation in an effort to address the growing problems in banking for the medical cannabis industry. For companies in the emerging legal cannabis industry, where retail and non-retail transactions such as vendor payments and payroll are almost exclusively paid for with cash, the solutions offered by StateSourced can help businesses avoid the inherent risks associated with a cash-intensive sector. Medical Cannabis Payment Solutions has also signed its first StateSourced contract with a Las Vegas-based vertically integrated marijuana establishment.

“We’ve completed our transition from development stage to revenue stage,” says Roberts. “We have just started our business development efforts and the market is responding very well. We anticipate having many more, similar releases.”

Medical Cannabis Payment Solutions provides end-to-end management across multiple systems for medicinal marijuana operations. The company solves the fragmentation problem experienced by many of these rapidly growing companies by identifying tools that are important to dispensaries and customizing those tools to meet the specific needs of this unique industry.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com

Let us hear your thoughts: Medical Cannabis Payment Solutions Message Board

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

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