- Company fills the cash-free gap left by banks and financial institutions reluctant to work with the medical marijuana industry
- Provides complete compliance to federal anti-money laundering laws and laws regulating financial crimes
- 60 million transactions processed monthly and over 100 applications already received from state-sanctioned medical marijuana establishments
Financial technology company Medical Cannabis Payment Solutions (OTC: REFG) announced, in a recent press release (http://nnw.fm/jVap9), that it is accepting applications for depository accounts for any state-sanctioned medical marijuana establishment. While most banks and financial institutions are still reluctant to work with those in the medical marijuana industry, this company is excited to fill the gap. With end-to-end management, REFG is solving the fragmentation problem by identifying tools that are important to dispensaries and customizing those tools to the industry. These depository accounts represent one more step toward meeting the challenges faced in a once cash-only industry.
The difficulty lies in maintaining compliance with laws regulating federal money laundering and financial crimes. REFG provides a complete banking solution that documents every stage of…
More from NetworkNewsWire
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com