Medical Cannabis Payment Solutions (REFG)

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Medical Cannabis Payment Solutions (REFG)

Postby QualityStocks » Fri Nov 10, 2017 4:18 pm

Medical Cannabis Payment Solutions, headquartered in Cheyenne, Wyoming, is a first-tier merchant processing cannabis industry pioneer, offering one of the first and only comprehensive card processing operations of its kind to serve the state-sanctioned medical marijuana industry. The company's state of the art system, which also tracks sales and tax collection, and eliminates the need to deal in cash-only transactions.

Through its robust, closed-loop merchant processing system, the company's unique "StateSourced" proprietary system enables authorized operation under FinCEN parameters and complies with all regulatory frameworks. StateSourced is tailored to deliver full-spectrum merchant processing services, providing the convenience of modern commercial card processing resources and making it the first operation of its kind geared to the legal cannabis industry.

StateSourced is not a prepaid or gift card, which is an important variable for merchants since standard banking institutions have not offered this form of payment processing to the legal cannabis industry. Federal law still considers marijuana illegal under the Controlled Substances Act, although 29 states and the District of Columbia have legalized the plant either for medicinal or recreational uses or both. This restriction has kept financial institutions at bay since most banks are federally insured and haven't been inclined to venture into the nascent industry.

Medical Cannabis Payment Solutions is able to offer its StateSourced card on a state-by-state basis where the card can be used in purchasing product from a legal, authorized vendor, providing a much-needed option for consumers and businesses alike. In another first, the company is collaborating with First Bitcoin Capital Corporation to integrate First Bitcoin's cryptocurrency ($Weed) with Medical Cannabis Payment Solutions' StateSourced payment gateway. This collaboration will allow state-licensed marijuana establishments across the nation to accept both StateSourced debit cards and cryptocurrencies such as WeedCoin and Bitcoin.

Medical Cannabis Payment Solutions president and CEO Jeremy Roberts and his executive team are working with state lawmakers to introduce legislation in an effort to address the growing problems in banking for the medical cannabis industry. For companies in the emerging legal cannabis industry, where retail and non-retail transactions such as vendor payments and payroll are almost exclusively paid for with cash, the solutions offered by StateSourced can help businesses avoid the inherent risks associated with a cash-intensive sector. Medical Cannabis Payment Solutions has also signed its first StateSourced contract with a Las Vegas-based vertically integrated marijuana establishment.

"We've completed our transition from development stage to revenue stage," says Roberts. "We have just started our business development efforts and the market is responding very well. We anticipate having many more, similar releases."

Medical Cannabis Payment Solutions provides end-to-end management across multiple systems for medicinal marijuana operations. The company solves the fragmentation problem experienced by many of these rapidly growing companies by identifying tools that are important to dispensaries and customizing those tools to meet the specific needs of this unique industry.
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Re: Medical Cannabis Payment Solutions (REFG)

Postby QualityStocks » Mon Nov 13, 2017 5:30 pm

Medical Cannabis Payment Solutions (REFG) is “One to Watch”

- Pioneered comprehensive card processing payment operation dedicated to medical marijuana industry
- Proprietary merchant processing system serves demands of the legal $6 billion cannabis market
- Alternative payment solution empowers businesses by tracking sales and tax collection, frees consumers and retailers from solely using cash
- Fully compliant with FinCEN’s anti-money laundering efforts

Medical Cannabis Payment Solutions (OTC: REFG), headquartered in Cheyenne, Wyoming, is a first-tier merchant processing cannabis industry pioneer, offering one of the first and only comprehensive card processing operations of its kind to serve the state-sanctioned medical marijuana industry. The company’s state of the art system, which also tracks sales and tax collection, and eliminates the need to deal in cash-only transactions.

Through its robust, closed-loop merchant processing system, the company’s unique “StateSourced” proprietary system enables authorized operation under FinCEN parameters and complies with all regulatory frameworks. StateSourced is tailored to deliver full-spectrum merchant processing services, providing the convenience of modern commercial card processing resources and making it the first operation of its kind geared to the legal cannabis industry.

StateSourced is not a prepaid or gift card, which is an important variable for merchants since standard banking institutions have not offered this form of payment processing to the legal cannabis industry. Federal law still considers marijuana illegal under the Controlled Substances Act, although 29 states and the District of Columbia have legalized the plant either for medicinal or recreational uses or both. This restriction has kept financial institutions at bay since most banks are federally insured and haven’t been inclined to venture into the nascent industry.

Medical Cannabis Payment Solutions is able to offer its StateSourced card on a state-by-state basis where the card can be used in purchasing product from a legal, authorized vendor, providing a much-needed option for consumers and businesses alike. In another first, the company is collaborating with First Bitcoin Capital Corporation to integrate First Bitcoin’s cryptocurrency ($Weed) with Medical Cannabis Payment Solutions’ StateSourced payment gateway. This collaboration will allow state-licensed marijuana establishments across the nation to accept both StateSourced debit cards and cryptocurrencies such as WeedCoin and Bitcoin.

Medical Cannabis Payment Solutions president and CEO Jeremy Roberts and his executive team are working with state lawmakers to introduce legislation in an effort to address the growing problems in banking for the medical cannabis industry. For companies in the emerging legal cannabis industry, where retail and non-retail transactions such as vendor payments and payroll are almost exclusively paid for with cash, the solutions offered by StateSourced can help businesses avoid the inherent risks associated with a cash-intensive sector. Medical Cannabis Payment Solutions has also signed its first StateSourced contract with a Las Vegas-based vertically integrated marijuana establishment.

“We’ve completed our transition from development stage to revenue stage,” says Roberts. “We have just started our business development efforts and the market is responding very well. We anticipate having many more, similar releases.”

Medical Cannabis Payment Solutions provides end-to-end management across multiple systems for medicinal marijuana operations. The company solves the fragmentation problem experienced by many of these rapidly growing companies by identifying tools that are important to dispensaries and customizing those tools to meet the specific needs of this unique industry.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com
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Re: Medical Cannabis Payment Solutions (REFG)

Postby QualityStocks » Tue Nov 14, 2017 6:03 pm

Medical Cannabis Payment Solutions (REFG) Offers Cannabis Retailers Merchant Processing They Can Bank On

- Medical marijuana now legal in 30 U.S. jurisdictions
- Comprehensive merchant processing solution dedicated to marijuana industry
- Frees customers and retailers from solely using cash

The Controlled Substances Act (CSA), signed into law by President Richard Nixon in 1970, continues to cast a baneful shadow over the liberalization landscape. In the half a century since its passage, public attitudes toward cannabis have changed. A survey conducted by the respected Pew Research Center late last year found that ‘57% of U.S. adults say the use of marijuana should be made legal’ (http://nnw.fm/b7WGU). This is up from 12% in 1969, the year before the CSA became the law of the land. However, the Food and Drug Administration (FDA), the Drug Enforcement Agency (DEA) and the Department of Justice (DOJ) continue to buck this trend. As an example, in May 2017, Attorney General Jeff Sessions wrote Congress to record his opposition to the Rohrabacher-Farr amendment, the spending rider that bars the Justice Department from interfering with the implementation of state medical marijuana laws. Consequently, cannabis is neither fish nor fowl; it’s legal in some states but simultaneously illegal by federal law. Luckily, Medical Cannabis Payment Solutions (OTC: REFG) is offering a way out of this muddle. Through its wholly owned subsidiary, StateSourced, the company provides a proprietary, closed loop system of merchant processing for marijuana enterprises. Now marijuana dispensaries will have access to the only first-tier merchant processing operation currently available.

Despite being legalized in 29 states and the District of Columbia, medical marijuana remains a Schedule 1 substance under the Controlled Substances Act of 1970. Accordingly, the members of the U.S. Federal Reserve System feel compelled to abide by the provisions of the CSA and will not charter any financial institution that serves marijuana businesses. In a seminal case late in 2015, a federal judge dismissed a lawsuit brought by the Fourth Corner Credit Union of Denver that attempted to compel the Federal Reserve to grant the credit union a ‘master account’ (http://nnw.fm/ZBX3z). The judge agreed with the motion put forward by the Fed that ‘even transporting or transmitting funds known to have been derived from the distribution of marijuana is illegal’ and that, unlike federal prosecutors who might not enforce the law if financial institutions observed certain guidelines for dealing with the marijuana industry, a court could not ‘look the other way’.

The morass resulting from the conflict between federal and state rules has created problems for the states that have legalized cannabis use, including difficulties collecting tax revenue, increased risk of serious crime, and the inability of a newly legal industry under state law to effectively engage in banking and commerce. However, Medical Cannabis Payment Solutions, which, since May 2013, has been focused on developing ancillary services for the marijuana industry, is now offering a robust, instrumental, closed loop merchant processing system.

In response to the overwhelming need to have a private encrypted digital solution to serve the rapidly growing legal marijuana industry, Medical Cannabis Payment Solutions, through subsidiary StateSourced, is bringing to market the first and only first-tier merchant processing operation of its kind. The company is offering a comprehensive structure which tracks sales and tax collection and empowers businesses with an outstanding state-of-the-art client management system. Medical Cannabis Payment Solutions, which expects its first sales soon, will earn revenue by charging transaction fees of up to 5% for all financial transactions. Management believes that, currently, no other company offers a comparable completely integrated closed loop first-tier processing system for cannabis transactions. The company’s unique selling proposition is likely to be welcomed by dispensaries as the trend toward legalization of medical and recreational marijuana strengthens.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com
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Re: Medical Cannabis Payment Solutions (REFG)

Postby QualityStocks » Fri Nov 17, 2017 5:02 pm

NetworkNewsBreaks – Why Medical Cannabis Payment Solutions (REFG) is “One to Watch”

Anyone familiar with the legal cannabis markets knows one of the most critical bottlenecks is payment and payment processing. Medical Cannabis Payment Solutions (OTC: REFG) is intent on opening the bottleneck with its proprietary merchant processing system designed to serve the monetary demands of the state-legalized cannabis market. A recent article provides an overview of what may be the next big thing in the marijuana business. The article says that, “Medical Cannabis Payment Solutions (OTC: REFG), headquartered in Cheyenne, Wyoming, is a first-tier merchant processing cannabis industry pioneer, offering one of the first and only comprehensive card processing operations of its kind to serve the state-sanctioned medical marijuana industry. The company’s state of the art system, which also tracks sales and tax collection, and eliminates the need to deal in cash-only transactions.”
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Re: Medical Cannabis Payment Solutions (REFG)

Postby QualityStocks » Tue Nov 21, 2017 5:58 pm

NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) to Provide Premiere, Comprehensive Digital Payment Solution

With growing trends toward legalization of medical and recreational use of marijuana, Medical Cannabis Payment Solutions (OTC: REFG) will provide a first-in-market digital payment solution for dispensaries. A recent article highlights the innovative system, stating, “In response to the overwhelming need to have a private encrypted digital solution to serve the rapidly growing legal marijuana industry, Medical Cannabis Payment Solutions, through subsidiary StateSourced, is bringing to market the first and only first-tier merchant processing operation of its kind. The company is offering a comprehensive structure which tracks sales and tax collection and empowers businesses with an outstanding state-of-the-art client management system. Medical Cannabis Payment Solutions, which expects its first sales soon, will earn revenue by charging transaction fees of up to 5% for all financial transactions. Management believes that, currently, no other company offers a comparable completely integrated closed loop first-tier processing system for cannabis transactions. The company’s unique selling proposition is likely to be welcomed by dispensaries as the trend toward legalization of medical and recreational marijuana strengthens.”
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Re: Medical Cannabis Payment Solutions (REFG)

Postby QualityStocks » Mon Nov 27, 2017 5:36 pm

Medical Cannabis Payment Solutions (REFG) Integrates Cryptocurrency Payment Options

- The rapid growth of the legal cannabis industry has increased the need for tailored and comprehensive payment solutions for dispensaries and other retailers in the field.
- Medical Cannabis Payment Solutions partnered up with First Bitcoin Capital Corporation to enable cryptocurrency payments.
- The company has also launched its specialized digital payment platform for dispensaries that ensures full compliance and delivers full-spectrum merchant processing services.

Medical Cannabis Payment Solutions (OTC: REFG) announced that it will integrate First Bitcoin cryptocurrency (“$Weed”) with its StateSourced medical cannabis payment gateway service. The announcement came in November, following a partnership agreement between Medical Cannabis Payment Solutions and First Bitcoin Capital Corporation (OTC: BITCF).

Medical Cannabis Payment Solutions is an industry leader in the field of payment processing for the marijuana industry. Currently, no other company on the market offers a completely integrated payment processing system that’s entirely tailored to the needs of marijuana industry representatives. The company helps rapidly growing businesses in the field by identifying tools that dispensaries need the most and customizing these tools to address the operational specifics in the field.

The partnerships with First Bitcoin Capital Corporation is yet another move in the same direction. Through the collaboration, dispensaries and other companies that work in the marijuana industry will gain another opportunity for payment processing. They will work with both debit cards and prominent cryptocurrencies like $Weed and the well-known bitcoin.

Medical Cannabis Payment Solutions and First Bitcoin Capital Corporation signed a partnership agreement on November 8, 2017. The aim of the agreement is to revolutionize end-to-end compliance solutions. Upon the complete realization of the new project, a platform will be launched to deploy an exchange system. Because of the growing cannabis industry, more flexibility is required in terms of payment processing. The addition of a decentralized cryptocurrency provides an easy opportunity for non-cash payments to be made.

According to Medical Cannabis Payment Solutions representatives, the partnership will enable consumers to overcome many of the regulatory obstacles in the industry. As a part of the project execution, the company has announced that it will buy a block of $Weed in return for a block of REFG restricted common stock.

First Bitcoin Capital Corporation CEO Greg Rubin said that America is shaping up to be one of the world’s biggest marketplaces for the products of the cannabis industry. The partnership with Medical Cannabis Payment Solutions can potentially revolutionize compliance products and the processing of payments in the field.

America’s medical cannabis industry is expected to grow at double digit rates in the years to come. According to a Bloomberg report, the compound annual growth rate will be 27 percent by 2021 (http://nnw.fm/i68BG). In 2016 alone, consumers spent 6.7 billion dollars on legalized weed products. The increase is 34 percent on an annual basis.

By 2020, the marijuana industry is projected to create more jobs than manufacturing (http://nnw.fm/Byr7M). Medical marijuana sales are set to increase from 4.7 billion dollars in 2016 to 13.3 billion dollars 2020. Recreational sales will go up from 2.6 billion dollars in 2016 to 11.2 billion dollars in 2020.

With growing trends towards widespread legalization, Medical Cannabis Payment Solutions announced the launch of the first in-market digital payment solution in November 2017. The product is specially tailored to the needs of dispensaries. The payment solution can track sales, it features encrypted digital security and allows for comprehensive client management.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com
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Re: Medical Cannabis Payment Solutions (REFG)

Postby QualityStocks » Tue Dec 12, 2017 5:44 pm

Medical Cannabis Payment Solutions (REFG) Empowers Clients, Consumers with Cannabis Payment Solutions

- First-tier merchant processing, state-of-the-art system tracks sales and tax collections
- StateSourced payment technology offers real-world solutions to industry banking dilemma
- Integrated cryptocurrency payment solution offers additional options
- An estimated $20.2 billion in legal marijuana retail sales projected by 2021

Medical Cannabis Payment Solutions (OTC: REFG), based in Cheyenne, Wyoming, is a pioneer in the cannabis payment solutions arena with its proprietary merchant processing system. Fully compliant with the federal government’s anti-money laundering regulations, the company serves up an alternative payment solution that empowers businesses by tracking sales and tax collection, freeing consumers and retailers from a dependence on cash-only transactions.

Through its subsidiary StateSourced, Medical Cannabis Payment Solutions is bringing to market the first and only first-tier merchant processing system of its kind that answers a vexing question facing anyone involved in the rapidly evolving cannabis industry: How to pay for a product that the federal government still classifies as a Schedule 1 substance under the Controlled Substances Act of 1970? Banks and other financial institutions are loath to get involved in an industry that is mired in fiscal uncertainty and whose products are viewed as illegal under federal law.

Medical Cannabis Payment Solutions and its StateSourced specialized digital payment platform ensures full compliance with all laws affecting the cannabis industry while delivering full-spectrum merchant processing services (http://nnw.fm/6KYpa). Medical Cannabis Payment Solutions is able to offer its StateSourced card on a state-by-state basis where the card can be used in purchasing product from a legal, authorized vendor, providing a much-needed option for consumers and businesses alike.

The company has also announced a partnership agreement with First Bitcoin Capital Corporation that will integrate First Bitcoin’s $Weed cryptocurrency with StateSourced – offering a tailored solution to the specific needs of the marijuana industry. Through this collaboration, a new platform will be launched to deploy an exchange system utilizing $Weed and other prominent cryptocurrencies such as the well-known bitcoin. Growth in the legalized marijuana industry is thriving, as evidenced in 2016 by the $6.7 billion in gross legal sales between the U.S. and Canada, according to an article in the Las Vegas Sun (http://nnw.fm/by3EG). That number is expected to reach $20.2 billion in sales by 2021, according to cannabis research firm Arcview Market Research, the article states.

With some form of marijuana legal in 29 states and the District of Columbia, and a 2017 Gallup Poll showing a record high of 64 percent of Americans supporting the legalization of marijuana for recreational use (http://nnw.fm/Lbn25), there is an increased need for payment solutions such as those offered by Medical Cannabis Payment Solutions.

For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com
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Re: Medical Cannabis Payment Solutions (REFG)

Postby QualityStocks » Fri Dec 15, 2017 5:01 pm

NetworkNewsBreaks – Medical Cannabis Payment Solutions (REFG) Offers Cashflow Alternatives for Cannabis Industry

Wyoming’s Medical Cannabis Payment Solutions (OTC: REFG) has established a pioneering method of merchant processing that sustains industry businesses and is compliant with the U.S. federal government’s laws in their current state. REFG’s subsidiary StateSourced provides an alternative payment method for companies unable to work with banks in tracking sales and tax collections for cannabis-related products because of the Controlled Substance Act. An article discussing this reads: “Medical Cannabis Payment Solutions and its StateSourced specialized digital payment platform ensures full compliance with all laws affecting the cannabis industry while delivering full-spectrum merchant processing services (http://nnw.fm/6KYpa). Medical Cannabis Payment Solutions is able to offer its StateSourced card on a state-by-state basis where the card can be used in purchasing product from a legal, authorized vendor. … The company has also announced a partnership agreement with First Bitcoin Capital Corporation that will integrate First Bitcoin’s $Weed cryptocurrency with StateSourced – offering a tailored solution to the specific needs of the marijuana industry.”
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