Medical Cannabis Payment Solutions, Inc is a technology company that now offers its solutions to businesses in the medical marijuana industry. Its featured products are a payment processing solution, a management system for the seed-to-sale process, and a platform for mobile applications.
The company has had more than a decade of history. It started as HHHP, Inc in the 1990s and had various changes to its name and business since then. In 2009, it became Refill Energy, Inc, a software solutions provider. Finally, in 2013, it changed its name to Medical Cannabis Payment Solutions, Inc.
Today, the company trades in the OTC markets under the symbol REFG, with a market cap of USD 12.3 M.
Its foremost product is the payment processing solution, which the company says has the largest performance potential of all its products. The Nevada-based company also touts the solution as the only one that is compliant with state and federal laws. With this, Medical Cannabis Payment Solutions has made progress in launching the product in states where the selling of marijuana is legal.
The company also offers a seed-to-sale management system which is marketed as a turn-key solution for marijuana cultivators and dispensaries. Integrated into this system are essential business features like management and compliance technologies. Medical Cannabis Payment Solutions now intends to approach state regulators and ensure that this system complies with state laws.
Lastly, the mobile application platform offered by the company is called Ghost. It was launched in September 2013 and was specifically made for medical cannabis businesses. The platform allows an enterprise to create its privately labeled mobile app, which can have features like e-commerce, push notifications, messaging, and social media integration.
Medical Cannabis Payment Solutions, Inc is led by President and CEO Jeremy Roberts, Chief Legal Officer Sean Hullinger, and Chief Technology Officer Tyler Young.
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