Source: BrokerBank Securities, Inc. Press Release, Oct 2 2014
Medical Cannabis Payment Solutions Analyst Coverage Initiated: Brief Analyst Report by Small Cap Street and BrokerBank Securities, Inc.
NEW YORK, Oct. 2, 2014 /PRNewswire/ — Medical Cannabis Payment Solutions (OTCBB: REFG) – The use of marijuana as a medical therapy to treat disease or alleviate symptoms, such as reducing nausea and vomiting from chemotherapy, treating symptoms of AIDS, and treating pain and muscle spasticity, is growing. According to CNBC, 23 states in the United States have some form of legal medical marijuana. Medical Marijuana Business Daily states that the market for Medical Marijuana in the United States could reach $4 billion by 2018.
Medical Cannabis Payment Solutions is a provider of integrated supply and distribution technology to document and assure compliance with all applicable regulations for companies involved in the production and distribution of medical marijuana. The company’s Seed-to-Sale (“S2S”) integrated solution is a management and compliance technology that provides grow house tracking, inventory control, patient management, accounting and compliance services to the medical marijuana industry. The company’s Ghost mobile applications provide marketing tools for medical marijuana dispensaries, and the company provides a customized VOIP telephone system for the medical marijuana industry.
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SOURCE BrokerBank Securities, Inc.