Business
How the Cannabis Industry is Driving Payment and Data Tech Solutions
How the Cannabis Industry is Driving Payment and Data Tech Solutions.
About this update from Psyc Corporation
[{"type":"text","content":"\nPOINT ROBERTS, Wash. and DELTA, British Columbia, March 27, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering tech and cannabis stocks, releases a snapshot looking at how payment technology and data solutions have evolved due to the regulatory hurdles facing the cannabis industry.\n PaymentsJournal discussed the “cannabis payments conundrum” and how as the cannabis industry matures we are beginning to see an evolution in payment and data tech companies. From the article: “The next few years will be hugely important in bringing more validity to the cannabis industry as it continues to expand into new legalized markets. Tapping into the compliant payments solutions will ensure that cannabis dispensaries and retailers will operate above reproach, something their customers/patients, employees, banking partners, and state regulators will appreciate.” Global Payout Inc. (OTC: GOHE) and its operating subsidiary, MTrac Tech Corp. just announced that Carol Gabel, a member of the Company’s government relations team at MGR2 has been invited to speak at the New Jersey Cannabis Insider event on April 3rd. The timing is critical, as next week New Jersey lawmakers are expected to vote on legalization. Gabel will discuss the pending changes in the cannabis payments sector and the company’s flagship product, the MTrac payment platform. The event brings together many of the key players from throughout the cannabis industry in New Jersey and surrounding tri-state area to provide networking opportunities for both new and established businesses in this rapidly expanding industry. “Over the course of my career I have had the distinguished opportunity to participate in the legislative process,” said Ms. Gabel. “With this experience I have gained a deep understanding of the legal challenges facing the cannabis industry and have harnessed that experience to help businesses succeed. One of the most challenging aspects of working in the cannabis industry is access to reliable banking and merchant processing services, and I believe MTrac does a lot to solve those problems. MTrac's payment platform helps both businesses and regulatory bodies by providing a secure tracking method for tracing purchases and solves the problems of cash only operations as well.”...