- Online bank accounts offered for state licensed medical marijuana establishments
- Green offers banking and financial processing system solutions to the cannabis industry
- The online signup of merchant clients has far exceeded expectations
Medical Cannabis Payment Solutions (OTC: REFG) is set to offer bank accounts for state licensed medical marijuana establishments. By providing online banking, REFG enables cannabis providers to address the problem of limited to no bank support due to federal regulations. “Because of our end-to end payment system, our successful government relations program, our focus on regulatory compliance, we believe we offer the nation’s only truly compliant payment and banking solution for state sanctioned marijuana,” Jeremy Roberts, CEO of REFG, stated in a news release. “We believe we are uniquely positioned to comply with all federal guidance and applicable laws and regulations” (http://nnw.fm/wF4e4). This state-of-the-art financial service is the security and management answer that the previously cash-only cannabis industry has been needing.
REFG has brought to market the Green platform, the first and only comprehensive card processing operation of its kind to serve the state-sanctioned cannabis industry. Green is a top-tier, level-one gateway payment processing system that tracks sales and taxes, eliminates cash-only transactions and empowers businesses with an advanced client management system. Green’s virtual banking system provides premier security and accessibility to funds for the merchant. It is a full banking and financial processing system for an industry that has lacked these much-needed services.
The company’s platform, previously only available to medical cannabis merchants, is now available to the entire cannabis industry. Licensed establishments interested in using the Green platform can now signup online. The enrollment process only takes a few minutes, given a business address and proof of licensure in the client’s respective state. The Green platform allows dispensaries to take electronic payments and deposit cash securely while remaining in complete FinCEN compliance. The response of the cannabis industry to online enrollment has far exceeded expectations. The increased web traffic alone reveals the market demand for this secure and efficient banking solution.
For more information, visit the company’s website at www.Take.green
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Editor@NetworkNewsWire.com
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