Commerce Online Inc. (Pink Sheets: CMIB) has received a new medical marijuana dispensary client for merchant services. The dispensary is located in Beverly Hills, California. The medical marijuana clinic called Healthy, Wealthy and Wise, will begin merchant processing through Commerce Online and their partner alliance network. The dispensary will be utilizing the company's branded, pre-paid loyalty and ID cards.
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Under the legal guidelines of the Obama administration, no longer seeking prosecution of medical marijuana users or suppliers as long as they conform to state laws, Commerce Online and RedFin Network will seek out to capitalize on the untapped solution which they provide. In order to keep the collectives within the guidelines of CA Proposition 215 and SB 420, the merchant processing and pre-paid stored value card will offer a unique cash alternative to both suppliers and members of the collectives.
About Commerce Online Inc.
Commerce Online Inc., formerly Seraph Security Inc., provides online and wireless merchant payment solutions. The Company offers a spectrum of transaction processing solutions using traditional, Internet point-of-sale (POS), e-commerce and mobile (wireless) terminals.
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