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CannabisNewsWire Announces Publication Featuring Companies that Provide Crucial Support to the Legal Cannabis Industry
New York, New York--(Newsfile Corp. - January 8, 2018) - CannabisNewsWire ("CNW"), a mul...
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[{"type":"text","content":"CannabisNewsWire Announces Publication Featuring Companies that Provide Crucial Support to the Legal Cannabis IndustryNew York, New York--(Newsfile Corp. - January 8, 2018) - CannabisNewsWire (\"CNW\"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Global Payout, Inc. (OTC Pink: GOHE) (GOHE Profile), a client of NNW that provides payment solutions for both domestic and international companies operating in diverse markets, including the rapidly developing cannabis industry.The publication, titled, \"Regulated Cannabis Industry Spawns Enterprises Providing a Diverse Array of Critical Support Services,\" reviews essential services needed by the legal cannabis industry as a growing acceptance of the medicinal and recreational use of the plant edges closer to mainstream status.To view the full publication, visit: https://www.cannabisnewswire.com/regulated-cannabis-industry-spawns-enterprises-providing-diverse-array-critical-support-services/ In 2015, Global Payout established its MoneyTrac Technology platform, which offers companies operating in alternative or \"high-risk\" industries the tools to streamline electronic payment processing, meet compliance regulations and develop an operational structure to facilitate business growth. This technology is perfectly aligned with the rapidly developing cannabis market where startups and entrepreneurs lack the support from the traditional banking sector to move initiatives forward and accelerate growth.Cannabis is still considered an illegal substance on the federal level in the United States and as a result banks are not comfortable offering businesses in this industry access to electronic banking for secure payment. MoneyTrac Technology offers these companies an array of services designed to address their specific challenges by providing a secure solution to payment logistical problems. In August 2017, Global Payout's subsidiary, MoneyTrac Technology, Inc., revealed its intent to incorporate cryptocurrency into its proprietary platform. On November 30, 2017, it was announced that MoneyTrac would launch a publication for the cannabis industry, called PotSaver Biz, in collaboration with Global Payout's PotSaver brand, a supplier of medical cannabis. The first release of this publication is scheduled for January 2018, and the ...