Medical Cannabis Payment Solutions CEO Attends Legislative Conference Highlighting Evolving Banking Quandary

The National Conference of State Legislatures conference was the largest gathering of state legislators and staff in the country. One breakout session on medical cannabis highlighted legislation from multiple states that were crafted with the input of MCPS.

Las Vegas, Nevada, UNITED STATES

LAS VEGAS, Sept. 28, 2016 (GLOBE NEWSWIRE) -- Medical Cannabis Payment Solutions (OTC Link, REFG) president and CEO, Jeremy Roberts, recently attended the National Conference of State Legislatures’ 2016 Legislative Summit in Chicago, where legislators and staff from all 50 states plus territories and commonwealths attended.  The event was held in August.

In addition to meeting with individual legislators, Mr. Roberts and other conference participants attended a session highlighting the growing problems in banking for the medical cannabis industry.  Of note, the session spoke directly to multiple pieces of legislation from multiple states, introduced with the assistance and input of Medical Cannabis Payment Solutions.

“Meeting and networking with other states and their elected officials is invaluable as we continue our core business objectives,” said Mr. Roberts.  “Working for more ways to introduce legislation in more states will provide a tremendous benefit for our shareholders.  We’ve been speaking with legislators since the event took place.”

Over the past two years, the executive team at Medical Cannabis Payment Solutions has worked with state lawmakers to introduce legislation.  “We’ve had some successes and we’re anxious for the coming legislative sessions,” said Mr. Roberts.  “Over the next few months we should see some progress.”

About Medical Cannabis Payment Solutions, Inc.

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 catered 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:


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.


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