As trends continue toward increased awareness regarding the potential health benefits of cannabinoids, as well as widespread legalization of marijuana for medical and recreational use, Medical Cannabis Payment Solutions (OTC: REFG) is positioned as a pioneer at the forefront of a multi-billion dollar market. Serving both medical and recreational dispensaries and related businesses, the company is able to compete in various and widely-underserved verticals with solutions specifically tailored to the cannabis industry.
Within the current multi-billion dollar and rapidly-growing industry (New Frontier Data projects U.S. medical and recreational marijuana sales will reach $24.5 billion by 2025) (http://cnw.fm/A0lmE), REFG is a frontrunner in the booming market that is vying to match growing demand with full spectrum solutions.
In response to the need for a private encrypted digital solution, REFG is positioned in the industry as a first-tier merchant processing pioneer. REFG, through subsidiary StateSourced, has launched the first and only comprehensive card processing system of its kind. With considerable investment in market research and product development, the company specifically tailored the new technology to serve cannabis industry vendors and end users with security, convenience and sector-specific customized tools. The result is a completely-integrated, state-of-the-art platform that empowers businesses by leveraging capabilities to track sales and tax collection with industry-customized tools and advanced capabilities for comprehensive client management.
Within the system, REFG will earn revenues in the form of a percentage of all financial transactions. In addition, the company is further expanding processing options to enable cryptocurrency payments. To bring this solution to market, REFG has partnered with First Bitcoin Capital Corporation (OTC: BITCF) to integrate Weed Coin cryptocurrency (“$Weed”). This expansion will provide more options to meet the changing demands of the market, as well as current and comprehensive payment methods to enable payment processing via both debit cards and prominent cryptocurrencies like $Weed and bitcoin.
With projected growth trends, widespread legalization of marijuana for medical and recreational use and increased opportunities to effectively participate in commerce with a variety of prominent payment processing options, REFG is well-positioned as an industry leader in the rapidly-growing market.
For more information, visit the company’s website at www.MedicalCannabisPaymentSolutions.com
More from CannabisNewsWire
About HempWire
HempWire (HW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) HempNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, HW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. HW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, HW brings its clients unparalleled visibility, recognition and brand awareness. HW is where news, content and information converge.
For more information please visit https://www.hempwire.com
Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.hempwire.com/disclaimer/
HempWire (HW)
Denver, Colorado
www.hempwire.com
303.498.7722 Office
Editor@HempWire.net
Legislators in states across the country are working towards strictly regulating and/or banning intoxicating hemp…
A proposal introduced by Sen. Colleen Burton that would ban delta-8 THC hemp products is…
California recently extended a ban on intoxicating hemp products with THC that was set to…
A new poll has determined that frequent consumers of marijuana like using delivery platforms to…
The demand for plant-based proteins has increased in the last couple of years as consumer…
The CBD market in the United Kingdom has grown since the compound’s extracts were designated…