On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

As Federal Laws Change, Medical Cannabis Payment Solutions (REFG) Looks Forward to Continued Growth

  • Agriculture Improvement Act of 2018, which includes the legalized production of hemp, passes both houses of Congress
  • Company seeks to change the industry from risky cash-only store fronts to a secure, federally compliant bank-accessible business model
  • Positioned at the forefront as federal laws catch up to the growing industry

Companies working in the medical and recreational cannabis industry, like Medical Cannabis Payment Solutions (OTC: REFG), are celebrating a big win. A large farm bill, known as the Agriculture Improvement Act of 2018, was passed in the Senate, 20-1, and in the House of Representatives, 369-47 (http://cnw.fm/Exs93).

Sen. Majority Leader Mitch McConnell’s Hemp Farming Act was included in the Senate’s farm bill. McConnell has been working to remove industrial hemp from the list of controlled substances under federal law in order to open up new opportunities for his home state of Kentucky, as well as others throughout the United States.

The farm bill from 2014 saw hemp laws relaxed, and farmers in select states have since been able to grow hemp for research purposes. The 2014 farm bill expired on September 30, 2018, and the majority of the programs will expire at the end of December 2018. The farm bill is renewed every few years, and the next one holds great promise for the industrial hemp industry, modifying the “research-only” restrictions and making industrial hemp cultivation accessible to the farming community as a whole.

REFG has been on the forefront of the legal cannabis industry, providing much-needed services to those waiting for the laws to catch up. For licensed distributors, the medical and recreational cannabis industry is no longer a cash-only business thanks to Go!, REFG’s legal and secure banking and payment solution.

Go! provides accessibility and protection for licensed cannabis companies. The entire system is convenient from day one. Distributors can sign up through an online application and use the system to track sales and taxes, as well as manage clients. Go! is an end-to-end payment processing system for dispensaries’ banking needs, ensuring federal compliance as regulations continue to evolve.

The company has been willing to take risks early on in anticipation of an emerging market and legalization in the United States. In doing so, REFG has grown a loyal customer base, providing a much-needed service in an industry that others were not willing to enter.

Now, as legislation such as the Agricultural Improvement Act of 2018 and others begin to take center stage in the public eye, REFG is ahead of the game. The company is strategically placed to grow as it continues to provide the end-to-end, secure, federally-compliant payment solutions for which it is known.

For more information, visit the company’s website at www.PayWithGo.com

More from CannabisNewsWire

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW 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. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

CannabisNewsWire is at the epicenter of the Cannabis Revolution.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.cannabisnewswire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
303.498.7722 Office


Select A Month

Official NewsWire Relationships

Alternative Products Expo Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo Cannabis World Congress & Business Exposition Cannexpo Marigold PR MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo Tether BudTender Tether BudTender Appreciation Week

CannabisNewsWire Currently Accepts



Bitcoin Cash

Bitcoin Cash

Doge Coin






USD Coin

USD Coin

Contact us: 303.498.7722