DAVID GRANOVSKY

Cannabis Medical Solutions Begins Roll Out of MediPayment(TM) Card to 150 Medical Marijuana Dispensaries in Colorado – MarketWatch

In ALL ARTICLES on September 21, 2010 at 7:30 pm

Cannabis Medical Solutions Begins Roll Out of MediPayment(TM) Card to 150 Medical Marijuana Dispensaries in Colorado

LOS ANGELES, Sep 21, 2010 (GlobeNewswire via COMTEX) —

Cannabis Medical Solutions Inc. (http://www.cannabismedsolutions.com/) /quotes/comstock/11k!cmsi (CMSI 0.02, +0.00, +15.00%) , a leading company specializing in merchant payment solutions and financial security products for medical marijuana dispensaries and high-risk merchant accounts, today announced that the Company has begun the roll out of its’ Proprietary MediPayment (TM) Card to over one-hundred and fifty medical marijuana dispensaries and compassionate care centers throughout the state of Colorado.

The CMSI proprietary “MediPayment” closed loop payment system will allow both dispensaries and their patients to utilize an alternative payment method other than cash and high rate credit card transactions, with complete tracking, real time transactions and SMS text messaging capabilities to the patients for availability of prescription medication.

“MediPayment(TM) is the first intelligent and secure transaction option available to medical dispensaries for purchase of medicine and products, eliminating the need for cash only and costly credit card transactions. We intend for Colorado to become a major proving ground and revenue model for our MediPayment(TM) system allowing patients the convenience of no longer needing to carry cash or to use high rate credit cards, while receiving tracking records and bonus rewards for their purchases,” stated Michael Friedman, CEO for Cannabis Medical Solutions.

via Cannabis Medical Solutions Begins Roll Out of MediPayment(TM) Card to 150 Medical Marijuana Dispensaries in Colorado – MarketWatch.

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