Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) has developed its Green system to fight the cash-only problem that has been obstructing the cannabis industry. The high-security transaction card can only be used for payment within a state where marijuana is legal and only for cannabis-related products from state-sanctioned vendors. An article discussing the Green system reads: “The Green system offers businesses and regulators the ability to track sales and tax collection information from the moment a buyer initiates a transaction at a vendor’s establishment and all the way through to the payment of taxes related to the sale. The system is built to handle 60 million transactions a month. Roberts hails his company’s approach as a commitment to abiding by the law in a “highly regulated” industry, whereas many other companies would rather avoid the associated headaches than put in the work to meet the federal government’s strict guidelines and regulations related to the business opportunities.”
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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 https://take.green/.
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