CannabisNewsBreaks – Medical Cannabis Payment Solutions (REFG) Addresses Absence of Bank Support in the Cannabis Industry

June 4, 2018 13:37:01

Cannabis-focused financial services company Medical Cannabis Payment Solutions (OTC: REFG) is enabling cannabis providers to address the lack of bank support due to federal regulations by providing an online banking solution. An article discussing the company reads: “The company’s platform, previously only available to medical cannabis merchants, is now available to the entire cannabis industry. Licensed establishments interested in using the Green platform can now signup online. The enrollment process only takes a few minutes, given a business address and proof of licensure in the client’s respective state. The Green platform allows dispensaries to take electronic payments and deposit cash securely while remaining in complete FinCEN compliance. The response of the cannabis industry to online enrollment has far exceeded expectations. The increased web traffic alone reveals the market demand for this secure and efficient banking solution.”

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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

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