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CannaMoney: Cannabis Payment Solutions Companies Ready for 2019 Sales
CannaMoney: Cannabis Payment Solutions Companies Ready for 2019 Sales.
About this update from Medical Cannabis Payment Solutions
[{"type":"text","content":"\nPOINT ROBERTS, Wash. and DELTA, British Columbia, March 21, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering  tech and cannabis stocks releases a snapshot looking at the continued growth of payment solutions in the cannabis industry and how participating companies are preparing for the future as regulations change.\n A recent article from MarijuanaBreak.com, discussed the ups and downs of payment processing in the legal cannabis market and why payment solution alternatives are so necessary in this industry; “As of 2017 only around 300 of the 11,000 operational banks in the U.S. will comply with legal marijuana companies or vendors.” The article goes on to discuss the downsides caused by this lack of financial access, such as security (for cash only dispensaries), regulation issues (payment solutions companies unfamiliar with the legal landscape) and customer access (an inability to expand or increase online sales due to lack of accepted payment options). This is where companies like Net Element, Inc. (NASDAQ: NETE), a global technology and value-added solutions group that supports electronic payment acceptance in a multi-channel environment, including point-of-sale, come into play, having announced its entrance into the cannabis sector in October of last year. The company also recently announced that its subsidiary, Unified Payments is among the first companies to achieve self-regulatory certification from the Electronic Transactions Association. Global Payout Inc. (OTC: GOHE), who through its subsidiary, provides electronic wallet and e-banking financial solutions for the marijuana industry, recently announced transactional data and revenue into Q1 of 2019 which highlights the continued growth, adaptation, and overall benefit to the one-of-kind MTrac Payment Solution. As has been the trend since the current iteration of the MTrac system was deployed back in October, totals associated with daily and monthly sales and transactional volume along with the average ticket cost processed within the system continue to climb each month at what the Company perceives to be a very steady and encouraging pace, and the first quarter is seeing a continuation of this very positive trend. Global Payout Inc. and its wholly owned subsidiary, MTrac Tech Corporation also announced that the US ...