Medical Cannabis Payment Solutions, Inc is one of the technology companies that have crossed over to the marijuana industry. This company offers software products to medical cannabis businesses like cultivators and dispensaries. It currently has three types of products: a payment processing solution, a seed-to-sale management system, and a mobile application platform.
The Nevada company’s payment processing solution is its foremost product, with the largest performance potential among its roster. This solution is touted as the only one of its kind that complies with state and federal laws. The company has moved forward in launching this product in states where marijuana sales are legal.
Meanwhile, the seed-to-sale management system is a turn-key solution for those that cultivate or dispense medical marijuana. This system has integrated features such as management and compliance technologies. As of September 2014, the company intends to work with state regulators to ensure that this system is compliant with state laws.
Medical Cannabis Payment Solutions also has a mobile application platform called Ghost. Launched in September 2013, this platform is specifically for medical marijuana businesses. It allows them to create their privately labeled mobile app with features such as push notifications, messaging, e-commerce, and social media integration.
The company’s history goes back to the 1990s, when it was known as HHHP, Inc. It underwent several name changes until it became Refill Energy, Inc, which operated as a software solutions company. It then changed its name to Medical Cannabis Payment Solutions in 2013.
Today, Medical Cannabis Payment Solutions trades in OTC markets as REFG, with a market value of USD 12.3 M. Its company executives are Jeremy Roberts, President and CEO; Sean Hullinger, Chief Legal Officer; and Tyler Young, Chief Technology Officer.