The expedited growth and demand of legal marijuana operations has made it difficult for dispensaries to manage all aspects of their operations. There are many moving parts that go into remaining compliant with FinCEN and the Cole Memo, maintaining safety in the handling of funds for a traditionally cash only industry and managing customer satisfaction and quality control.
Medical Cannabis Payment Solutions (OTC: REFG) is providing clients an end-to-end management system called Green. Merchant clients can register online for a total banking solution for cannabis-related businesses. Green is one of the first and only comprehensive card processing operations of its kind to serve the state-sanctioned medical marijuana industry. This state-of-the-art system takes payment directly from customers, tracks sales and tax collection, pays bills and payroll, eliminates cash-only transactions, integrates ecommerce shopping carts for online orders and more. The Green platform also provides online bank accounts to help cannabis providers deal with the problem of limited or no bank support due to federal regulations that are still in place. Green is at the core of REFG as it seeks to assist merchant clients in economically sustainable business.
The company has diversified its commitment to the cannabis industry beyond Green and increased shareholder value through involvement in every step of quality control, from seed to sale. REFG has expanded its footprint and value within the cannabis industry through the acquisition of new strands, land for cultivation, a proprietary organic growth accelerator, the deployment of mobile hemp CBD extraction labs and a continued commitment to the Green cashless payment solution.
After careful consideration, REFG first chose to expand its footprint in the state-sanctioned cannabis space through the acquisition of SpeedyGrow, a Wyoming corporation with licenses to grow and process hemp in Colorado. This acquisition included two marijuana strains and SpeedyVeg, an organic soil nutrient blend combining over 70 trace minerals to accelerate growth, maximize yield and produce healthy plants (http://cnw.fm/9BdKX). Since acquiring SpeedyGrow and beginning cultivation in Colorado, REFG has announced plans to grow industrial hemp in Vermont and expand into Utah (http://cnw.fm/WW4jr).
The deployment of mobile hemp CBD extraction labs, through an agreement made with a subsidiary of Paper Lantern LLC, will provide a competitive edge in the industry to hemp farms owned and operated by REFG, as well as farms that have entered into processing agreements with the company. These mobile labs offer economic benefit through the elimination of redundant layered costs, added convenience, improved processing efficiency and enhanced quality control, as well as an environmentally friendly reduction in energy consumption (http://cnw.fm/J0sX6).
REFG is expanding and strengthening its advisory board as it continues on the strategic direction of diversifying within the cannabis industry. Mike Haridopolos, former president of the Florida State Senate, and James Gray, former U.S. vice presidential candidate on the Libertarian ticket and mayor of Lexington, Kentucky, have joined REFG’s advisory board. The addition of prominent political figures working toward the legalization of marijuana will only help to expand the company’s footprint and advance its corporate objectives (http://cnw.fm/BvT0e).
For more information, visit the company’s website at www.Take.Green
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