MediSwipe Inc. to Capitalize on Corporate Opportunity in Medicinal and Recreational Marijuana Financial Services Sector as Wa...
25 9월 2013 - 10:37PM
Marketwired
LOS ANGELES, CA --(Marketwired - September 25, 2013) -
MediSwipe Inc. (www.MediSwipe.com) (OTCQB: MWIP), the leader in
Compassionate Care Technology Solutions for the medicinal marijuana
industry, today announced that the Company will seek to capitalize
on Washington State's announcement to seek banking partners for the
state's new marijuana initiatives.
With a recent editorial being published in the Seattle Times
regarding the state of Washington's bid to find a financial
institution to provide safe medical marijuana-based banking, the
spotlight has been cast upon multinational banking and financial
services corporation, Bank of America. However, while many assume
that Bank of America would be the first of its kind to provide a
form of delivery and financial operating processes to the medical
marijuana industry, MediSwipe Inc., has long established
itself as the first publicly traded Company to provide financial
services, and merchant processing for canna-businesses.
The editorial that was published in the Seattle Times placed
emphasis on Bank of America's seven-year contract in charge of the
state of Washington's banking main account ending on June 30th.
While the state recently outright legalized the recreational use of
marijuana through the passing of Initiative 502, it has now been
brought forth to the attention of legislators that it is an
imperative necessity to have the deposits of marijuana revenue
obtained and tracked. There have currently been requested bids as
to see if whether or not a major multinational financial
institution such as Bank of America will handle the state's
"controversial" up-and-coming industry.
"There should be no debate in determining that MediSwipe
has been on the ground floor of this industry and can
provide bona fide banking solutions for medical marijuana
and cannabis-related businesses. We have long been recognized as
one of the most well-established and innovative forms of patient
solutions for canna-businesses. Our initial business model as the
first company in this space serving the industry was for
electronically-processed transactions within the healthcare and
medical marijuana industry. We presently provide terminal-based
service packages including 'Seed to Sale,' cloud-based patient
records storage and multiple financial payment options for clinics,
hospitals, physicians and medical marijuana
dispensaries. MediSwipe has been responsible for tracking and
digitizing patient records, electronic patient referrals, credit
and debit card merchant services and has even recently added an
area pertaining to the sale and distribution of hemp-based
nutritional product lines. We hope to be able to play any role and
offer guidance to Washington State as our services are already
proven in participating state programs including Colorado and
Michigan," stated Michael Friedman, CEO of MediSwipe Inc.
The state expects to soon start depositing revenue from
Initiative 502, which legalized the recreational use of marijuana.
The Liquor Control Board will receive its first fees in November
from applicants asking the board for licenses to grow and sell the
drug, and the Department of Revenue starts collecting taxes as soon
as March 2014. The uncertainty was reflected in last week's
quarterly report from Washington revenue forecasters, who said they
wouldn't count I-502 revenue in their projections until the Liquor
Board finishes writing rules and "an agreement is reached with the
federal government with respect to the legality of depositing
cannabis-sourced tax receipts into state accounts."
Presently, medical marijuana sellers are not regulated or
licensed by the state and they operate in what some see as a legal
gray area. But they are supposed to pay sales tax and business tax,
which goes into the state's bank account.
The new I-502 businesses are different. They will be licensed by
the state, so revenue collectors can't plead ignorance of the
companies' business practices. Liquor Board Director Rick Garza
said he asked other state officials if the licensing would affect
the state's ability to deposit the revenue. Not necessarily, he was
told. Washington is not the first state to license marijuana
businesses, and the federal government has never cracked down on
states' bank accounts, Garza said.
If tax rates don't change, I-502 might bring in between $1.4
billion and $3.2 billion over a decade, consultants told the Liquor
Board.
About MediSwipe Inc.
MediSwipe Inc. (www.MediSwipe.com) provides innovative patient
solutions and is the leader in Compassionate Care
Technology for the medicinal marijuana industry. MediSwipe
provides terminal-based service packages and integrated Web Portal
add-ons for physicians, clinics, hospitals and medical dispensaries
that include: digital patient records, Electronic Referrals,
Credit/Debit Card merchant services, Check Guarantee and
Accounts.
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 MediSwipe Inc. to be
materially different from the statements made herein.
Contact: MediSwipe
Inc.248.262.6850www.MediSwipe.cominfo@mediSwipe.com
Agritek (CE) (USOTC:AGTK)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Agritek (CE) (USOTC:AGTK)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024