Medical Cannabis Payment Solutions, Inc. (REFG)

leeg4lvsxthhwvgx6zghMedical Cannabis Payment Solutions, Inc is one of the technology companies that have crossed over to the marijuana industry. This company offers software products to medical cannabis businesses like cultivators and dispensaries. It currently has three types of products: a payment processing solution, a seed-to-sale management system, and a mobile application platform.

The Nevada company’s payment processing solution is its foremost product, with the largest performance potential among its roster. This solution is touted as the only one of its kind that complies with state and federal laws. The company has moved forward in launching this product in states where marijuana sales are legal.

Meanwhile, the seed-to-sale management system is a turn-key solution for those that cultivate or dispense medical marijuana. This system has integrated features such as management and compliance technologies. As of September 2014, the company intends to work with state regulators to ensure that this system is compliant with state laws.

Medical Cannabis Payment Solutions also has a mobile application platform called Ghost. Launched in September 2013, this platform is specifically for medical marijuana businesses. It allows them to create their privately labeled mobile app with features such as push notifications, messaging, e-commerce, and social media integration.

The company’s history goes back to the 1990s, when it was known as HHHP, Inc. It underwent several name changes until it became Refill Energy, Inc, which operated as a software solutions company. It then changed its name to Medical Cannabis Payment Solutions in 2013.

Today, Medical Cannabis Payment Solutions trades in OTC markets as REFG, with a market value of USD 12.3 M. Its company executives are Jeremy Roberts, President and CEO; Sean Hullinger, Chief Legal Officer; and Tyler Young, Chief Technology Officer.


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Latest Financial News for REFG

Medical Cannabis Payment Solutions to Open Customer Service Center

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.

How the Cannabis Industry is Driving Payment and Data Tech 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.

Medical Cannabis Payment Solutions Enters into Processing and Banking Agreement

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.

CannaMoney: Cannabis Payment Solutions Companies Ready for 2019 Sales

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).

Medical Cannabis Payment Solutions Sees Bright Outlook, Announces Results of Banking Launch

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.