- ‘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://nnw.fm/F4jsd). 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://nnw.fm/G64pW).
“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…
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