LAS VEGAS, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Medical Cannabis Payment Solutions (OTC:REFG), a Nevada corporation that specializes in state-of-the-art financial services structured to serve the cannabis and banking industry, announced today the launch of Green, their best-in-class payment system for state-sanctioned cannabis.
The system, previously called StateSourced, offers the highest level of security available in merchant processing. It allows state-licensed cannabis establishments (and other entities that services the cannabis industry and struggle to obtain banking and financial services) to electronically transact payments and complete a sale with just a few clicks.
“What we’re launching is the very literal cure for the banking nightmare cannabis establishments face,” said Jeremy Roberts, the company’s CEO. “This checks every box, from regulatory compliance, security, affordability, ease of use, integration—you name it, we’ve responded.”
Mr. Roberts continued, “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.”
The payment system is straightforward, informs Roberts. “Every time you want to buy something, Green will automatically retrieve all of your customers’ information and complete the transaction in a couple of clicks. And it has the highest level of security available anywhere.”
The company is currently working with a few select retailers as it launches the system but plans on making it available to all participants in state-sanctioned cannabis within a few short weeks.
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
FORWARD-LOOKING STATEMENT: This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of REFG to be materially different from the statements made herein.
Corporate Contact
Medical Cannabis Payment Solutions, Inc.
Jeremy Roberts
702-706-7011
Jeremy@refg.co
www.refg.co
Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com