Medical Cannabis Payment Solutions’ (REFG) Platform Pays Cannabis Dispensaries Directly from Customers’ Bank Accounts
Legal environment for cannabis businesses remains uncertain Main Street banks and big tech avoid the cannabis space Leaving opportunities for fintech companies Reluctance by Main Street banks to provide traditional banking services to cannabis establishments has provided a cornucopia of commercial fare and opportunity for financial technology companies like Medical Cannabis Payment Solutions (OTC: REFG). The company is now offering ‘Green’, a FinCEN-compliant payment processing system for state-licensed cannabis establishments. Through the Green platform, patients are able to link their bank accounts and debit those accounts to purchase cannabis. Presently, most cannabis dispensaries are unable to obtain payment processing services…