Business
NetworkNewsWire Announces Publication on Innovative Companies Serving Specific Needs in the Cannabis Industry
New York, New York--(Newsfile Corp. - October 23, 2017) - NetworkNewsWire ("NNW"), a multifa...
About this update from Psyched Wellness Ltd
[{"type":"text","content":"NetworkNewsWire Announces Publication on Innovative Companies Serving Specific Needs in the Cannabis IndustryNew York, New York--(Newsfile Corp. - October 23, 2017) - NetworkNewsWire (\"NNW\"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Global Payout, Inc. (OTC Pink: GOHE), a client of NNW that provides comprehensive payment solutions that can be fully customized for virtually any domestic and international organization distributing money worldwide.The publication, titled, \"Standout Players Find Varied, Innovative Means of Serving the Marijuana Industry,\" shines a light on original solutions designed for the cannabis sector. To view the full publication, visit: https://www.networknewswire.com/standout-players-find-varied-innovative-means-serving-marijuana-industry/ \"There is no denying that cannabis is an increasingly red-hot market, and savvy companies are finding diverse ways to serve cannabis users, producers and vendors alike. Many companies in the cannabis industry don't cultivate or sell marijuana, instead offering investors the ability to take advantage of vertical opportunities ranging from payment solutions, accessories, technology, medicine and more. … Providing payments and transaction services to the cannabis industry, Global Payout, Inc. (GOHE) is addressing a key need for cannabis vendors and consumers without ever touching the marijuana plant.\"\"Because marijuana remains classified as a Schedule 1 drug under the Controlled Substances Act, companies selling marijuana and cannabis products labor under the disadvantage of limited - if any - access to traditional banking options. Being forced to deal in cash poses various challenges to merchants, and is hugely inconvenient for cannabis consumers. As a solution to these obstacles, Global Payout, through its MoneyTrac Technology, Inc. subsidiary, has paved a detour around this federal blockade to enable cannabis businesses to utilize the banking services they need (http://nnw.fm/1zZEf).\"MoneyTrac's payment platform resolves issues relating to regulatory compliance and transactional processing and tracking, and the platform's capabilities have various ancillary services, including bill pay and loyalty. Through affiliated partnerships, MoneyTrac offers cannabis businesses and other ...