Cannabis Medical Solutions Inc. (Cannabis Medical Solutions - Transaction Processing, Merchant Accounts, Point of Sale Terminals) (OTCBB:CMSI), a leading company specializing in both brick-and-mortar and online merchant payment solutions and financial security products for medical marijuana dispensaries and high-risk merchant accounts, today announced that the company is now offering cash advances and quick loans to medical marijuana dispensary processing clients through its primary banking partner network.
"Due to the recent changes in legislation especially within the state of Colorado, many dispensary clients are now subject to higher licensing costs, purchasing POS systems and hiring of additional employees to properly run these operations in compliance within the states. Although we agree with stricter licensing requirements and tracking of these financial transactions, many operators have been suddenly burdened by these increasing costs to maintain legal operations," stated B. Michael Friedman, CEO of Cannabis Medical Solutions.
"Through our banking partners, we are now able to offer any medical marijuana dispensary legally operating and processing credit cards cash advances and loans upon verification of merchant processing volume with 24-48 hours. Quietly announcing the program at first to clients, we are already in the process of funding our first application in the amount of $80,000. We would expect to do between $250,000 and $500,000 in cash advances quarterly as the program ramps up. CMSI will generate revenues by processing the applications and as an agent of our banking network of 5% on all loans processed," further stated Friedman. For those dispensaries seeking more information on our cash advance program, please contact 800-420-CALL or email info@cannabismedsolutions.com.
About Cannabis Medical Solutions Inc.
Cannabis Medical Solutions Inc. (OTCBB:CMSI) (Cannabis Medical Solutions - Transaction Processing, Merchant Accounts, Point of Sale Terminals) has quickly become the most recognized brand and partner in both online and wireless niche merchant payment solutions. The Company offers a full spectrum of secure and reliable transaction processing solutions using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners. The Company has recently focused on providing payment solutions to the licensed medical marijuana dispensaries throughout 14 states. In an effort to keep these businesses within the guidelines of CA Proposition 215 and SB 420, Cannabis Medical Solutions offers reliable merchant payment solutions and closed loop pre-paid stored value and loyalty cards as a unique cash alternative to these regulated dispensaries for both operators and members of collectives. CMSI will seek to capitalize on this presently untapped and much needed solution, and presently provides services to multiple locations throughout California, New Mexico, Colorado and Montana.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Cannabis Medical Solutions Inc. to be materially different from the statements made herein.
NewsHawk: Ganjarden: 420 MAGAZINE
Source: StockMarketsReview.com
Author:
Contact: StockMarketsReview.com
Copyright: 2010 StockMarketsReview.com
Website: Cannabis Medical Solutions Inc. Announces Cash Advance and Quick Loan Program for Medical Marijuana Dispensaries
"Due to the recent changes in legislation especially within the state of Colorado, many dispensary clients are now subject to higher licensing costs, purchasing POS systems and hiring of additional employees to properly run these operations in compliance within the states. Although we agree with stricter licensing requirements and tracking of these financial transactions, many operators have been suddenly burdened by these increasing costs to maintain legal operations," stated B. Michael Friedman, CEO of Cannabis Medical Solutions.
"Through our banking partners, we are now able to offer any medical marijuana dispensary legally operating and processing credit cards cash advances and loans upon verification of merchant processing volume with 24-48 hours. Quietly announcing the program at first to clients, we are already in the process of funding our first application in the amount of $80,000. We would expect to do between $250,000 and $500,000 in cash advances quarterly as the program ramps up. CMSI will generate revenues by processing the applications and as an agent of our banking network of 5% on all loans processed," further stated Friedman. For those dispensaries seeking more information on our cash advance program, please contact 800-420-CALL or email info@cannabismedsolutions.com.
About Cannabis Medical Solutions Inc.
Cannabis Medical Solutions Inc. (OTCBB:CMSI) (Cannabis Medical Solutions - Transaction Processing, Merchant Accounts, Point of Sale Terminals) has quickly become the most recognized brand and partner in both online and wireless niche merchant payment solutions. The Company offers a full spectrum of secure and reliable transaction processing solutions using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners. The Company has recently focused on providing payment solutions to the licensed medical marijuana dispensaries throughout 14 states. In an effort to keep these businesses within the guidelines of CA Proposition 215 and SB 420, Cannabis Medical Solutions offers reliable merchant payment solutions and closed loop pre-paid stored value and loyalty cards as a unique cash alternative to these regulated dispensaries for both operators and members of collectives. CMSI will seek to capitalize on this presently untapped and much needed solution, and presently provides services to multiple locations throughout California, New Mexico, Colorado and Montana.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Cannabis Medical Solutions Inc. to be materially different from the statements made herein.
NewsHawk: Ganjarden: 420 MAGAZINE
Source: StockMarketsReview.com
Author:
Contact: StockMarketsReview.com
Copyright: 2010 StockMarketsReview.com
Website: Cannabis Medical Solutions Inc. Announces Cash Advance and Quick Loan Program for Medical Marijuana Dispensaries
