Medical Cannabis Payment Solutions' (REFG) ‘Green' Sees Dramatic Increase in Applications Since March 16 Launch on Take.green Website
04/04/2018 | 08:31am EDT
LAS VEGAS, April 04, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – Medical Cannabis Payment Solutions (REFG), a Nevada corporation specializing in state-of-the-art financial services structured to serve the medical cannabis and banking industries, announced today that state-licensed marijuana establishments may sign up via its website for its banking and financial processing system. The company, which has been working with targeted establishments, has now made its services available to the entire industry.
“We are very excited that the amount of online applications has exceeded our expectations,” said Jeremy Roberts, CEO of Medical Cannabis Payment Solutions. “We are excited to bring our services to the industry and to bring increased value to our shareholders.”
Medical Cannabis Payment Solutions (OTC:REFG) offers a proprietary, completely integrated payment solution for customers and licensed medical cannabis establishments in its Green platform. The advantage of this top-tier, level one gateway payment processing system is that it is simple and free to set up. It creates a cash-free transaction environment with electronic money management (http://nnw.fm/CzoN3). Web traffic has increased dramatically for the company since it began allowing merchants to sign up directly on the Green website (http://nnw.fm/6OqLf), making the process quick and easy to initiate and use and revealing the market demand for an efficient, cannabis-focused electronic transaction solution.
Green is not a gift card or reloadable card. Rather, it permits customers and patients to link directly to a checking account at any United States bank. Through Green, cannabis customers and patients can purchase electronically rather than with cash. While Visa and MasterCard are not accepted due to their prohibitions against any financial transactions involving federally controlled substances, Green enables medical cannabis buyers to purchase at licensed establishments using funds directly from their bank accounts. For vendors, Green not only processes those payments in this virtual banking system but can also manage funds. The platform additionally offers money management features for businesses, including payroll, bill paying and other business transactions.
Green is personalized to businesses. The cards can be branded to individual establishments and even have logos on them. An app invites customers to sign up at point-of-sale on an iPad at a merchant’s shop. That app can be customized to a vendor’s brand. The potential result is more repeat and loyalty purchases. Further, Green is available to customers who wish to purchase straight from their bank accounts.
Green is offered to multi-location, high-volume operations as well as to small, low-volume merchants. Green offers complete adherence to reporting systems to maintain merchant compliance. In terms of security, REFG and Green offer electronic security for both customers and merchants alike, securing cash handling and even providing armored cash pickups, if necessary. “As we’ve stated in previous announcements, we continue to believe our best-in-class security, regulatory compliance and pricing give us a huge competitive advantage,” added Mr. Roberts. “Today, the banking and financial processing problems in the state-sanctioned cannabis industry are no more.”
About Medical Cannabis Payment Solutions: 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 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.take.green.
FORWARD-LOOKING STATEMENT: 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 to be materially different from the statements made herein.