Pazoo Jumps 10% on Deal to Distribute MJPayment Solution
July 10th, 2015
News, Top Story
Pazoo Inc. [stockquote symbol=PZOO], a health and wellness company focused on cannabis testing and other products and services, recently announced that it has signed a deal with MJPayment LLC to sell their Banking Solution Services in regions where Pazoo labs are being opened. MJPayment is the first and only truly integrated financial solution for the marijuana industry that’s fully compliant with the latest banking laws.
“We feel strongly that MJ Payment’s banking solution will not only be a game changer for Pazoo but an absolute game changer for the marijuana industry,” said Pazoo Inc. CEO David Cunic. “We will provide a very important service for MJPayment because we will have boots on the ground to properly service growers, dispensaries and the like in our areas of interest. We expect to begin introducing this already existing service to our data base of clients.”
MJPayment takes the headache out of payments and banking with a complete financial solution that enables customers the flexibility to meet changing demands. According to the firm, it provides banking, logistics, and payment solutions to the marijuana industry and their suppliers, as well as a compliance suite enabling banks to ensure compliance with government regulations, such as FinCEN and Justice Department guidelines.
Tim Harrington, President of MJPayment states, “MJPayment is looking forward to working with CannabisKing Distribution and Pazoo. We feel with Pazoo’s strong footprint around the country, and their vision to move into even more regions, it would be a great partnership to work together. They offer best in class technology for testing, and we feel we offer the best banking solution to the industry, so the partnership will be ideal for us.”
Shares of Pazoo Inc. jumped more than 10% in early trading following the news release.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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