- Providing the only FinCEN-compliant online bank account for licensed providers in the cannabis industry
- Provides consumers with the convenience of cashless purchases
- Solves cash-handling issues for dispensaries
Green is one of the first and only comprehensive card processing operations of its kind to serve the state-sanctioned medical marijuana industry and is offered to merchants and consumers by Medical Cannabis Payment Solutions (OTC: REFG). The company’s state-of-the-art system eliminates the need to deal in cash-only transactions and provides licensed providers the only available online bank account that is in full compliance with FinCEN and the Cole Memo.
Cannabis is a controlled substance on the federal level, regardless of state laws. For this reason, many financial organizations deny financial services to dispensaries, deeming them too risky. Banks are…
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