Medical Cannabis Payment Solutions (REFG) Eyes State-Sanctioned CBD Extraction as Important ‘Emerging Market’ for the Company

July 12, 2018
  • REFG has focused its cannabis activities on seeking state licenses in Utah and Vermont to grow industrial hemp; earlier, it acquired SpeedyGrow, which is licensed to grow in Colorado
  • Vermont is third state where REFG will seek a state license to grow industrial hemp; it acquired 40 acres in Utah and plans to buy land in Vermont, where it anticipates 2019 harvest
  • REFG offers online signup for Green, its FinCEN-compliant integrated gateway that creates a comprehensive virtual banking environment for licensed cannabis providers

Medical Cannabis Payment Solutions (OTC: REFG) has expanded its focus on the cannabis industry and is planning to apply for its third state license to grow industrial hemp. The company says that it will apply for state licenses in Utah and Vermont after already purchasing one when it bought SpeedyGrow, a Wyoming-based firm licensed to grow and process hemp in Colorado (http://nnw.fm/7DBe7).

REFG is a Nevada corporation that has online signup for Green, its financial processing system that creates a cashless financial system for licensed dispensaries and cannabis merchants who are underserved by…

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