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.

Medical Cannabis Payment Solutions’ (REFG) Proprietary Platform Helps Expand Cannabis Industry’s Banking Options

  • The company’s platform offers full merchant account functionality and fully secure payment processing options
  • Medical Cannabis Payment Solutions’ technology is used by medical marijuana vendors
  • Bitcoin payments will soon be integrated into the platform

Although marijuana was one of the fastest-growing industries over the last couple of years and is expected to continue at the same pace throughout 2018 and beyond, authorized businesses and vendors still have a hard time managing their finances and customers in the absence of banking services. With most banking institutions unable to open their doors to legal marijuana businesses because the substance is still classified as an illegal drug by the federal government, it is up to companies such as Medical Cannabis Payment Solutions (OTC: REFG) to provide the industry with fully secure, state-of-the-art financial services.

Based in Nevada, the corporation serves the medical marijuana sector. As a merchant processing pioneer of the marijuana industry, Medical Cannabis Payment Solutions brought to the market the first and only comprehensive card processing service. Via Green, a proprietary payment system that was launched earlier in January 2018, the company aims to offer a “cure for the banking nightmare cannabis establishments face,” according to CEO Jeremy Roberts. The platform has full merchant account functionality that allows for repeat billing, online sales, client management and 100 percent secure electronic payments.

Green was designed specifically to meet all the demands of marijuana businesses in need of a financial and banking solution, from security to ease of use, compliance, integration and more. The system’s robust closed loop merchant processing brings private and encrypted digital security to vendors in the sector, offering the highest level of security available. It is affordable and easy to use, being designed to deliver a comprehensive suite of processing services, with the end goal of empowering both businesses and customers with the convenience of modern card processing resources.

As the first comprehensive card processing system of the kind, Green also tracks tax collection and sales, basically operating as a client management system. Last but not least, Medical Cannabis Payment Solutions’ advanced proprietary platform is fully compliant with Financial Crimes Enforcement Network (FinCen) regulations and parameters for financial institutions serving the medical cannabis sector.

To further expand its services to the state-legal medical marijuana sector, Medical Cannabis Payment Solutions announced plans to include bitcoin payment processing in its proprietary payment processing platform. Green offers clients an advanced payment solution that allows purchases with U.S. currency and will soon include bitcoin payment options as well. Roberts explained that the decision was made based on customer feedback, with many vendors interested in implementing cryptocurrency payment options.

The Medical Cannabis Payment Solutions CEO is confident that the ability to process bitcoin will give the company an even bigger competitive advantage and will make it more attractive to medical cannabis vendors in a booming market that’s expected to exceed $31 billion within the next three years, from $6.5 billion in 2016.

For more information, visit the company’s website at www.REFG.co

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.

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