2014-01-22 15:07:14 -
Innovative platforms hold promise to ease bank accessibility and merchant processing issues for dispensaries and providers
LAS VEGAS, January 22, 2014 /FSC/ - Medical Cannabis Payment Solutions (REFG - OTCBB Pink),a leader in technological solutions for the medical cannabis industry, has initiated their project to provide bank and payment accessibility to dispensaries and care providers. The unique reach of Medical Cannabis Payment Solutions' professional and industry assets has resulted in a market structure paradigm that holds the promise to alleviate federal and banking industry concerns about money-laundering and provide stability to the emerging cannabis market and its component enterprises.
Medical Cannabis Payment Solutions has pushed their legal and professional advisers to identify new structures that hold the potential to allow medical
cannabis industry participants to alleviate concerns about federal money-laundering restrictions and allow the industry to fully participate in the American commercial market.
"Working together with policymakers and industry professionals, we believe we can create the conditions where commercial financial facilities, including banking and payment processing, will be available to the legitimate medical cannabis businesses that cater to this rapidly growing market," said Jeremy Roberts, CEO of Medical Cannabis Payment Solutions.
According to Medical Cannabis Payment Solutions Chief Legal Counsel, Sean Hullinger: "The entire industry has merely pulled-up short at the banking issue. We believe that the federal issues are capable of being addressed and alleviated. The underlying issues of legitimacy and accountability are able to be addressed, if the industry is willing to cooperate and work together with government. We have a framework that we are very enthusiastic about, and look forward to putting the legal and policy pieces into place."
About Medical Cannabis Payment Systems, Inc.
Our mission is to provide end-to-end management, across multiple management systems, for medicinal marijuana operations. Many medicinal marijuana companies have experienced such rapid growth that they are finding it difficult to manage all aspects of their operation. In order to become a successful and compliant medicinal marijuana operation, effective management must depend on many different systems. REFG solves the fragmentation problem by identifying tools that are important to dispensaries, and customizing those tools specifically catered to the industry. We strive to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value. For more information, please visit the company's website at: www.refg.co
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of REFG, Inc. to be materially different from the statements made herein.
Medical Cannabis Payment Systems, Inc.
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Source: Medical Cannabis Payment Solutions (REFG: OTC_PINK), www.refg.co
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