- Providing
the only FinCEN-compliant online bank account for licensed providers in
the cannabis industry
- Provides
consumers with the convenience of cashless purchases
- Solves
cash-handling issues for dispensaries
Green is one of the first and only comprehensive card
processing operations of its kind to serve the state-sanctioned medical
marijuana industry and is offered to merchants and consumers by Medical
Cannabis Payment Solutions (OTC: REFG). The company’s state-of-the-art system
eliminates the need to deal in cash-only transactions and provides licensed
providers the only available online bank account that is in full compliance
with FinCEN and the Cole Memo.
Cannabis is a controlled substance on the federal level,
regardless of state laws. For this reason, many financial organizations deny
financial services to dispensaries, deeming them too risky. Banks are
federally-backed institutions and are bound to the federal laws.
However, the inability to acquire traditional banking
services puts merchants and consumers at risk. Cash-only businesses run safety
as well as accounting risks. Green eliminates these risks by providing a
cash-free card processing service.
For the consumer, Green provides the same convenience
experienced through the purchase of other products. Consumers have become
accustomed to operating cash free, and REFG is working to make sure that all
options are on the table. Currently, consumers can link their Green cards
directly to a bank account, allowing for cash-free purchases. The company is
also working with First Bitcoin Capital Corporation to allow for the future use
of cryptocurrency payments with Green. Customers will soon be able to utilize
the cash-alternative options of approved cryptocurrency, like bitcoin and
Weedcoin, at state-licensed dispensaries. This allows for convenience and
choice on the part of the consumer, making the purchase of cannabis even
simpler.
For state-licensed dispensaries, Green provides online bank
accounts, solves cash handling issues and offers electronic payment and
ecommerce features. The account, which merchant clients can sign up for online,
gives immediate access to funds and ensures that the dispensary is staying
FinCEN-compliant in its transactions. Business owners are able to pay bills,
payroll and anything else, straight from the Green account.
REFG solves the fragmentation problem by identifying tools
that are important to dispensaries and shaping Green to meet those specific
needs. Green provides the consumer with convenience and choice while ensuring
that the merchant is operating safely, legally and efficiently. It’s a win for
everyone.
For more information, visit the company’s website at www.Take.Green
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QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
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Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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