Medical Cannabis Payment Solutions (REFG) Now Available To Entire Legal Cannabis Industry

REFG fully launched its payment system services to the entire industry
Technology is fully FinCEN-compliant
Bitcoin payments are on the horizon with Green

Medical Cannabis Payment Solutions (OTC: REFG) seeks to provide end-to-end management for medicinal marijuana operations. The company serves the medical cannabis and banking industries through state-of-the-art comprehensive card processing operations, and it has now fully launched its payment system services to the entire legal cannabis industry. The company previously worked only with targeted industry establishments, but its platform is now available to all state-sanctioned establishments in the U.S. and abroad. The company is the first of its kind, empowering cannabis businesses with an advanced client management system that tracks both sales and tax collection. REFG has solved the problem of banking and cashless payments within the cannabis industry.

The company offers electronic payment and e-commerce features that allow businesses direct and immediate access to funds. One of the advantages of using REFG’s top-tier digital payment processing system, Green, is its compliancy with FinCEN. The system tracks sales and tax collection while providing businesses with an advanced client management system. If a business is called on to prove compliance with financial regulations within the cannabis industry, the company cooperates with authorities and defends the client’s interests.

In addition, Green provides cannabis retailers and consumers with payment options other than cash. Consumers can purchase items using U.S. currency, and they will soon be allowed to pay with bitcoin. In November 2017, REFG announced that integration with First Bitcoin Capital’s Weed Coin cryptocurrency and StateSourced’s medical cannabis payment gateway services will soon enable cryptocurrency payments. This will increase the ease of payment and cash handling in the cannabis industry and will allow consumers to overcome many regulatory obstacles.

With growing trends toward widespread legalization, both in the U.S. and abroad, REFG is strategically positioned for growth as the only company on the market that’s currently offering a completely integrated payment processing system tailored to the cannabis industry.

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

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Medical Cannabis Payment Solutions’ (REFG) Green is Designed to Grow

Proprietary payment platform customized for legal cannabis merchants makes it a gateway to the industry for electronic money transactions
CEO Jeremy Roberts says that Green platform takes state-sanctioned cannabis into the 21st century of electronic banking and financial services
Green platform offers ease of cash management to merchants while enabling consumers and patients to purchase electronically, even with cryptocurrency

Medical Cannabis Payment Solutions’ (OTC: REFG) Green platform, a top tier digital payment processing system, is designed to bring legalized cannabis and its cash management for licensed merchants and dispensaries into the world of digital financial services.

“What we’re launching is the very literal cure for the banking nightmare cannabis establishments face,” Jeremy Roberts, CEO of REFG, stated in a news release (http://cnw.fm/od3rP). “This checks every box, from regulatory compliance, security, affordability, ease of use, integration — you name it, we’ve responded.”

Among its key advantages are the money management system and the simple signup feature for consumers. Not only is it FinCEN-compliant, Green offers both merchants and customers an enticing platform to manage money for sellers and financial services for buyers.

For merchants, it can be integrated with most any existing point-of-sale system. Recurring billing for consumers can be set up, as well as money management features such as payroll. Green also offers ease of digital payments, tracking of customer sales and even internal payments. For consumers, the platform is easy to join for purchasing legalized cannabis products from licensed merchants or dispensaries, even using cryptocurrency, if desired. REFG has partnered with First Bitcoin Capital Corporation to ensure acceptance of virtual currencies (http://cnw.fm/MeyI7).

To create loyalty and drive repeat purchases, REFG can even brand its Green cards with the merchant’s name and logo.

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

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Medical Cannabis Payment Solutions (REFG) in Marathon Drive to Serve Marijuana Customers with Unique Platform

‘Green’ payment system offers security and regulatory transparency
Expanding legalization efforts mean more opportunity in market that’s expected to exceed $31 billion within the next three years
Company working out cryptocurrency alternative to U.S. dollar financing

In late February, a federal judge issued the latest legal finding on the drive to overturn the U.S. government’s classification of marijuana as an illegal drug, delivering a ruling that rejected medical marijuana patients’ claims that the ban is an unconstitutional violation of their rights (http://cnw.fm/DaqG1). The decision, based on a procedural finding that the plaintiffs had not gone through proper procedures with the Drug Enforcement Administration to challenge the ban and likely could not establish a constitutional right to use marijuana, further maintained the legal status quo of the cannabis plant, even as spreading drug availability under states’ rights movements continues to waft throughout the United States. Marijuana industry payment processing solution company Medical Cannabis Payment Solutions (OTC: REFG), whose CEO resides in Utah where similar measures are being debated, promotes the financing of cannabis industry transactions in state-legal locations and is optimistic about patient access possibilities elsewhere (http://cnw.fm/G0r4L).

“Investors and patients need not panic or worry. This is a marathon, not a sprint,” CEO Jeremy Roberts said in an interview following announcement of the company’s new dispensary-friendly private-label debit system ‘Green’ in January, on the same day that U.S. Attorney General Jeff Sessions announced the end of federal protections benefiting marijuana advocates in states where cannabis use is legal (http://cnw.fm/kzF00).

Medical Cannabis Payment Solutions’ Green system is not a prepaid finance card or a gift card. The debit card “doesn’t function like a merchant account, it is one,” Roberts said, adding that 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 to help patients and businesses break the cash-only logjam hampering the industry. Green was called StateSourced in its previous incarnation, and that name remains fixed on the company’s website. However, the Green label denotes both a nod to the marijuana industry and the money flowing between customers and businesses.

“It takes state-sanctioned cannabis from the 19th century and gladly welcomes it to the 21st,” Roberts said (http://cnw.fm/7KbWj).

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.

“People actually can and are willing to comply with the regulations (the Department of Treasury, the IRS and the Department of Justice) put forth,” Roberts said in a videotaped Small Cap Nation interview in February (http://cnw.fm/Ioz5H).

Medical Cannabis Payment Solutions has also announced plans to include bitcoin payment processing in its platform. That increases its profile in a booming market that’s expected to exceed $31 billion within the next three years.

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

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Medical Cannabis Payment Solutions (REFG) Sidesteps Bottlenecking of Cash Transactions through Innovative Platform

REFG solves cash-handling issues with electronic system solution
Introduction of Green as a platform with full merchant account functionality
REFG’s CEO highlights plans to enter the bitcoin market

Medical Cannabis Payment Solutions (OTC: REFG) boasts an industry first. Through a state-of-the-art financial services system that is easy to set up and simple to use, the company’s solution to cannabis banking has shown how to solve cash-handling issues, offering electronic payment and e-commerce features. This gives the marijuana business direct and immediate access to funds while still complying with all federal (FinCEN) laws aimed at combatting both domestic and international money laundering and terrorist financing, among other financial crimes. REFG is not only compliant with these regulations; the company’s end-to-end payment processing solution has finally provided cannabis retailers and consumers with payment options other than cash. Although marijuana has been one of the fastest-growing industries over the last couple of years and is expected to continue growing 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 (http://cnw.fm/g8Sgb).

REFG emphasises that it is a “first-tier merchant processing cannabis industry pioneer, bringing to market the first and only comprehensive card processing operation of its kind; a state of the art system which tracks sales and tax collection, and empowers businesses with an advanced client management system.”

StateSourced, REFG’s proprietary, closed-loop merchant processing system is geared toward the cannabis industry. The system is not prepaid or availed through the use of gift cards, yet its card processing operations break logistical and operational bottlenecks often caused by cash-only transactions within state-sanctioned marijuana businesses. The Medical Cannabis Payment Solutions debit card can only be used for payment within a state in which marijuana has been legalized, and only for cannabis-related products from state-sanctioned vendors. Businesses accessing the company’s card system will notice an immediate advantage regarding reduced risks, the meeting of set regulatory requirements and the improvement of customer interactions.

In January of this year, the company launched Green, its platform with full merchant account functionality. This card processing system allows for online sales, client management, repeat billing and 100 percent secure electronic payments. This solution could solve the dilemma that legal marijuana distributors have faced through distribution that is now supported by innovative financial and banking solutions. Medical Cannabis Payment Solutions allows businesses to be more accountable with their cash flow while more accurately tracking sales.

On top of all of this, the system also helps to simplify payroll and bills, where businesses can pay expenses straight from their Green accounts. The system allows business to receive payments directly from patients, with branded cards available so that they can have the business’s brand with them wherever they go, in turn fostering customer loyalty. Recurring billing orders can be set up, in addition to integrated ecommerce shopping carts for online orders, proving that Green is a total banking solution.

To further expand its services to the state-legal medical marijuana sector, Medical Cannabis Payment Solutions has announced its plans to introduce bitcoin payment processing in its proprietary payment processing platform. Green currently offers customers an advanced payment solution that allows purchases with U.S. currency and will soon include bitcoin payment options, as well. CEO Jeremy Roberts has explained that the decision was made based on customer feedback, with numerous vendors showing great interest in introducing cryptocurrency payment options.

In November 2017, the global cryptocurrency market surpassed the $300 billion mark, resulting in a massive surge in the price of bitcoin. By December, the market capitalization for cryptocurrencies reached $600 billion. Roberts is confident that the capability of processing bitcoin will give the company an even bigger competitive advantage, thus making it even more attractive to medical cannabis vendors in a booming market, and, noting the further legalization of medical marijuana supported by studies, even greater market sizes can be expected. With fewer drug side-effects and further drug development, it is likely that the number of CBD products will increase, with more people likely to opt for safer treatments (http://cnw.fm/3VcqS).

The company’s savvy innovations and fast-developing systems spell a new era in online transactions that have thus far shown great potential for expansion in the global market. With the quick pace of technology in this digital age, effective payment solutions are becoming a necessity. Medical Cannabis Payment Solutions’ provision of an advanced financial services system that gives the cannabis business immediate access to funds while still complying with all federal laws not only combats unwanted and irregular online and electronic transactions, but also empowers businesses with an advanced client management system. Without a doubt, the company’s introduction of bitcoin currencies into its transaction platform will herald an expanding enterprise, bringing retailers and customers closer together through secure payments.

For additional information, view the company’s IR Kit at http://cnw.fm/REFG

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Medical Cannabis Payment Solutions (REFG) Helps Fill State Coffers

States that legalize medical cannabis reaping large tax windfalls
State-sanctioned cannabis businesses forced into cash-only operation due to federal banking impasse
REFG resolves cannabis banking and operational issues, generating more state tax revenues

Current regulatory anxiety surrounding cannabis will have little impact on the long-term growth of the industry. Evermore states continue to relax marijuana strictures not only in response to citizen demand but also to generate tax revenues. There’s overwhelming scientific evidence validating the medical efficacy of certain cannabinoids, and states that have legalized marijuana in various forms are finding that cannabis cash is filling state coffers. In 2016, marijuana tax revenue totaled $256 million in Washington and $60 million in Oregon. Meanwhile, Colorado has harvested over half a billion dollars in taxes and fees since it legalized recreational weed. In a report from New Frontier Data highlighted in Forbes (http://cnw.fm/0ioNa), tax revenues in states with legalized marijuana were estimated at $1.8 billion last year. States are addicted to cannabis tax revenues and more states will look to legalization to increase income.

The states’ need and subsequent reliance on marijuana tax revenues pits state rights against federal oversight. This ongoing impasse has created a banking conundrum and an enormous opportunity for Medical Cannabis Payment Solutions (OTC: REFG). Banks are licensed and regulated by the federal government and, subsequently, are reluctant to accept proceeds from any marijuana operation. Medical Cannabis Payment Solutions delivers solutions to state-sanctioned medical cannabis operations, providing end-to-end management across multiple management systems. REFG resolves all the fragmentation issues created by the federal government impasse and rapid industry growth.

REFG delivers an industry first, secure, state-of-the-art financial services system that’s simple to set up and easy to use. The company’s purpose-built solution to cannabis banking 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 aimed at combatting 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 payment options other than cash.

REFG’s proprietary ‘StateSourced” 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 improving customer interactions.

There’s no longer any doubt about the medical efficacy of certain cannabinoids. State-sanctioned delivery of these medications will not only continue but is likely to expand due to patient needs and the states’ increasing reliance on the massive influx of cannabis tax revenues.

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

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

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://cnw.fm/lEm4n). 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://cnw.fm/6stLQ). 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://cnw.fm/7Vul5), 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

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

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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