- Online virtual banking for licensed cannabis providers offers solution to traditional banking’s lack of support
- REFG is a first-tier merchant processing and comprehensive digital services company that creates a cashless environment for cannabis providers
- Its integrated gateway ‘Green’ is a FinCEN compliant system that also tracks sales and tax collection and offers management features for bill payments – from payroll to vendor invoices
Medical Cannabis Payment Solutions Inc.’s (OTC: REFG) Green is a comprehensive and digital processing system that offers cannabis merchants online signup and banking, solving the problem of little or no support by traditional banks for the cannabis industry. Green is an end-to-end management system in the state-legalized cannabis markets.
REFG offers both licensed dispensaries and retail merchant clients its unique online financial processing system called Green, creating a secure and efficient cashless digital world of banking. It also offers a solution to cannabis patients and retail customers who wish to purchase product using virtual currency, such as bitcoin.
Green has produced a virtual banking system alternative. For bitcoin transactions, REFG has partnered with First Bitcoin Capital Corporation – a solution tailored for the industry. According to a report by CNBC, a majority of traditional banks still will not work with medical cannabis companies (http://ibn.fm/OzKAR). That makes REFG’s solution unique and vital in the cannabis market, solving the issue of having to handle excessive cash within licensed dispensaries.
Traditional banks and even credit cards, such as Visa or MasterCard, do not accept financial transactions dealing with federally controlled substances. Green is fully FinCEN compliant and a top-tier level 1 payment processor.
Green also offers clients the ability to handle management of all financial transactions, including accounts payable, deposits, payroll and any other expenses.
For more information, visit the company’s website at www.Take.Green
