NEW YORK, Dec. 27, 2017 (GLOBE NEWSWIRE) -- via NetworkNewsWire -- NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions for business, today announces the online availability of its interview with Medical Cannabis Payment Solutions (OTC:REFG), a first-tier merchant processing cannabis industry pioneer bringing to market the first and only comprehensive card processing operation of its kind to serve the state-sanctioned medical marijuana industry.
The interview can be heard at https://www.networknewswire.com/networknewsaudio/medical-cannabis-payment-solutions-refg-interview/
In a far-reaching discussion, NNW’s Kraig Rasmussen speaks with Jeremy Roberts, CEO of Medical Cannabis Payment Solutions, about the strides his company is making in solving one of the cannabis industry’s most vexing problems – how to eliminate cash-only options and bring secure electronic payment processing to dispensaries and their customers.
“Our background is traditional merchant processing. The problem is that we can’t do that with any state-sponsored cannabis system, and nobody else can either,” Roberts says. “Right now, if you’re a dispensary, you’re pretty much beholden to any small bank that will be willing to bank the cash for you, and you’re pretty much faced with the inevitable task of having to deal with large quantities of cash.”
Medical Cannabis Payment Solutions has created a payment processing solution called StateSourced that gives the most security possible to a state sanctioned dispensary and its customers, virtually eliminating the headache of dealing with a cash-only transaction, Roberts says.
“We’re a level one payment processor. Our system’s been certified by Visa, Mastercard and Europay. We have a ton of security on this and that’s really important because we know some of the seed-to-sell systems have been hacked,” Roberts says, adding StateSourced has all the functionality of a traditional, high security merchant account. “With our rollout that we’re doing right now, patients are going to have a headache go away, dispensaries are going to have a headache go away, but also on top of that, so will government regulators. That’s because you can actually audit each part of the process, which makes compliance a breeze.”
People who feel more secure using cryptocurrency to make a purchase will find Medical Cannabis Payment Solutions will soon be ready to accommodate their needs as well, Roberts says.
“The most important message for shareholders, and also for potential clients, is that this company, right now, is uniquely positioned to solve this problem. More importantly, we are doing it in an affordable way,” concludes Roberts. “We’ve got a really good team behind us, we’re financially strong and we’ve got a great market ahead of us. We’re really excited about the direction we’re going.”
About Medical Cannabis Payment Solutions, Inc.
The company 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 catered to the industry. REFG strives to create awareness within the medicinal marijuana industry and to develop an environmentally friendly, economically sustainable business while increasing shareholder value.
For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com.
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