Medical Cannabis Payment Solutions, Inc, a technology company, provides software solutions to businesses in the medical cannabis sector. The company’s primary products include a payment processing system, a seed-to-sale process management solution, and a mobile application platform.
The company’s payment processing solution is similar to that used by many businesses in various industries, but is the only one that complies with state and federal marijuana laws. According to Medical Cannabis Payment Solutions itself, this product has the biggest performance potential among its current roster. The company has thus started to launch it in states where cannabis sales are legal.
Meanwhile, the company’s seed-to-sale management solution is also specialized for marijuana dispensaries and cultivators. Aside from the standard management functions, it has features like compliance technologies, which are essential in the cannabis industry. Currently, Medical Cannabis Payment Solutions is planning to work with state regulators to make sure that this product is compliant with state laws.
Finally, Medical Cannabis Payment Solutions’ mobile application platform, called Ghost, is made specifically for medical marijuana businesses. With this platform, a cannabis enterprise can create its own privately labeled mobile app to be used by its customers. The app can be equipped with features such as push notifications, messaging, social media integration, and e-commerce.
Medical Cannabis Payment Solutions began in the 1990s as HHHP, Inc. After a series of name and business changes, it became a software solutions provider called Refill Energy, Inc in 2009. Then, seeing a new opportunity, it became Medical Cannabis Payment Solutions, Inc in 2013.
The company now trades as REFG in the OTC markets. Its market cap is at USD 12.3 M.
Key executives at Medical Cannabis Payment Solutions, Inc include CEO and President Jeremy Roberts, CTO Tyler Young, Chief Legal Officer Sean Hullinger.
Medical Cannabis Payment Solutions
5516 Fort Apache Road#130
Las Vegas, NV 89148
Phone: (702) 706-7011
Email: Jeremy@refg.co (for CEO)
Yahoo! Finance: REFG News
Latest Financial News for REFG
LAS VEGAS, NV / ACCESSWIRE / April 4, 2019 / Medical Cannabis Payment Solutions (OTC PINK: REFG), a leading provider of regulatory-compliant financial services for state-sanctioned marijuana, today announced that it will open a customer service center to serve customers from its recently launched Go! payment system. "We knew the customer service center was going to be necessary, we just didn't realize the response to our launch would expedite its necessity," said Jeremy Roberts, CEO of Medical Cannabis Payment Solutions.
Investorideas.com, a leading investor news resource covering tech and cannabis stocks, releases a snapshot looking at how payment technology and data solutions have evolved due to the regulatory hurdles facing the cannabis industry. PaymentsJournal discussed the “cannabis payments conundrum” and how as the cannabis industry matures we are beginning to see an evolution in payment and data tech companies. From the article: “The next few years will be hugely important in bringing more validity to the cannabis industry as it continues to expand into new legalized markets.
LAS VEGAS, NV / ACCESSWIRE / March 26, 2019 / Medical Cannabis Payment Solutions (OTC PINK: REFG), a leading provider of regulatory-compliant financial services for state-sanctioned marijuana, today announced that it has entered into an agreement with DeltaNevada, a Nevada investment and management company that has entered the CBD extraction and processing space, to provide its platform and services to process payments and to provide depository services. ''The entire industry has been plagued with problems getting financial services, to the point that many think they're not available, or if they are, they're simply too expensive,'' said DeltaNevada, ''By entering into this agreement, we recognize compliant, affordable, secure and domestic payment processing is available.
Investorideas.com, a leading investor news resource covering tech and cannabis stocks releases a snapshot looking at the continued growth of payment solutions in the cannabis industry and how participating companies are preparing for the future as regulations change. “As of 2017 only around 300 of the 11,000 operational banks in the U.S. will comply with legal marijuana companies or vendors.” The article goes on to discuss the downsides caused by this lack of financial access, such as security (for cash only dispensaries), regulation issues (payment solutions companies unfamiliar with the legal landscape) and customer access (an inability to expand or increase online sales due to lack of accepted payment options).
LAS VEGAS, NV / ACCESSWIRE / January 14, 2019 / Medical Cannabis Payment Solutions (OTC PINK: REFG), a leading provider of regulatory-compliant financial services for state-sanctioned marijuana, today provided an update on the company's activities in 2018 and its 2019 strategic direction. "We announced last September that we have launched our nationwide banking solution for state-sanctioned cannabis.