Medical Cannabis Payment Solutions Announces Banking Solution for State Sanctioned Cannabis

LAS VEGAS, Sept. 06, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – Medical Cannabis Payment Solutions (REFG), a leader in technological solutions for the medical cannabis industry, announced today the company is currently accepting applications for depository accounts for any state sanctioned medical marijuana establishment. The company also announced that, to date, it has received over 100 applications for its processing and banking products.

“Once applicants have their depository account set up, our payment solution will be able to transact compliant, electronic, cashless payments,” said Jeremy Roberts, CEO of Medical Cannabis Payment Solutions. “Most medical marijuana establishments are dealing with the crisis of not having any real banking solutions. We’re excited to offer our ability to respond and do so now.”

Banking has been a major roadblock for the medical marijuana industry across the nation. Most banks and financial institutions are reluctant to accept deposits because they cannot comply with federal anti-money laundering laws and other laws involving financial crimes.

“Because we can document every stage of the transaction, we’re able to show any regulator the who, what, where, when and we’re the how,” Roberts continued. “It’s a unique system that isn’t a workaround, it is complete compliance. We’re making all of the federally required disclosures, the accounts are insured and deposited in a licensed institution, we’re doing exactly what the federal and state governments have directed. We believe compliance is best.”

Any state sanctioned marijuana establishment wishing to apply for the company’s services is able to do so through the company’s website,

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

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.

Corporate Contact

Medical Cannabis Payment Solutions, Inc.
Jeremy Roberts

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