Business
UPDATE: Total Sports Media (TSMI) and Innovativ Media Group (INMG) announce, 'Kush Processing' Merchant Solution for Cannabis Industry
UPDATE: Total Sports Media (TSMI) and Innovativ Media Group (INMG) announce, 'Kush Processing' Merchant Solution for Cannabis Industry.
About this update from Demand Brands, Inc.
[{"type":"text","content":"\n\n Will Market Credit and Debit Card Services via CannaNet.TV and LocalCannabisDispensary.Com\n LOS ANGELES, CA, Jan. 24, 2018 (GLOBE NEWSWIRE) -- Total Sports Media, Inc. (OTCPINK: TSMI) today announced that its wholly owned subsidiary Total Ad Solutions, Inc. (“Company”) has entered into an Agreement with Innovativ Media Group, Inc. (OTCPINK: INMG) to provide merchant processing to the legal cannabis industry including medicinal and recreational dispensaries, hemp, CBD and ancillary related products under the brand Kush Processing www.KushProcessing.com (“Kush”). Kush shall offer credit and debit card processing along with various other merchant processing services which the Company and INMG will market through CannaNet.TV http://www.cannanet.tv and Local Cannabis Dispensary http://www.localcannabisdispensary.com. One of the biggest challenges that has faced the rapidly scaling legal cannabis industry has been that many have been forced to exclusively operate as high risk, cash only businesses due to strict US Federal banking regulations. The Company, through established strategic partnerships, alliances within the credit card processing sector utilizing banks that recognize the significant opportunity, has developed a unique merchant banking solution that it will now begin offering to qualified businesses. Total Sports Media CEO Michael Hill stated: ‘Kush Processing’s management team brings together over 15 years of experience in the merchant processing industry.  With over 500 dispensaries already listed in Local Cannabis Dispensary, the projected growth of new dispensaries and stores, and the ability to advertise and market on the CannaNet.TV and LocalCannabisDispensary.com platforms, we anticipate significant near-term demand for the service.  The Cannabis industry has long required merchant solutions to increase sales, efficiency, safety and security and we believe we are uniquely positioned to provide these solutions which will bring enhanced value and benefit to the legal cannabis community.” Innovativ Media Group CEO Tom Coleman added: “We are very pleased to now be able to offer this vital service to our CannaNet.TV and LocalCannabisDispensary.Com communities. In addition to securing cannabis friendly credit card processing Kush will ...