Medical Cannabis Payment Solutions (REFG) Acquires 40 Acres of Land for Hemp Cultivation in Utah, Will Seek State License

June 8, 2018 12:17:44
  • After Utah passed law H.B. 302, REFG acquired land to grow hemp, will seek license as part of Utah’s Department of Agriculture and Food licensing program
  • Jeremy Roberts, CEO of REFG, says company has entered the cultivation and extraction space in Utah to grow hemp as part of state-sanctioned system
  • REFG is a first tier merchant processor; its Green is an integrated gateway that is FinCEN compliant and creates a cashless environment for licensed cannabis providers

Medical Cannabis Payment Solutions Inc. (OTC: REFG) has acquired 40 acres of land to grow hemp in Utah and plans to seek a state license under its recently passed law H.B. 302. The license will enable the company to grow industrial hemp as part of the state’s Department of Agriculture and Food licensing program (

The purchase of acreage on which to grow hemp, under state license, represents an additional revenue stream for REFG. The company’s acquisition of SpeedyGrow in May 2018, a Wyoming-based firm licensed to grow and…

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