With growing trends toward legalization of medical and recreational use of marijuana, Medical Cannabis Payment Solutions (OTC: REFG) will provide a first-in-market digital payment solution for dispensaries. A recent article highlights the innovative system, stating, “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.”
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About Medical Cannabis Payment Solutions, Inc.
The company 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. REFG 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.MedicalCannabisPaymentSolutions.com.
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