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| PZOO News Alert Have They Solved the MMJ Banking Puzzle? |
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 Hot Stock to Watch |
Company: Pazoo Inc. (Pink Sheets: PZOO)
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Last:
Price: 0.0066
Change (%): + 0.0001 (1.54)
Volume: 67,275,057 |
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Pazoo Wholly Owned Subsidiary, CannabisKing Distribution, LLC Signs Deal To Distribute MJPayment Currently Existing Banking Solution Throughout The Marijuana Industry
WHIPPANY, N.J., July 10, 2015 /PRNewswire/ - Pazoo, Inc. (OTC Pinks:PZOO) (German WKN#: A1J3DK), 100% wholly owned subsidiary CannabisKing Distribution, LLC, has signed a deal with MJPayment, LLC, to sell their Banking Solution Services throughout the region where Pazoo labs are being opened. MJPayment has developed an innovative and powerful payment and banking suite as well as an industry first bank compliance solution for the legal marijuana industry.
MJPayment is taking the headache out of payments and banking with a complete financial solution that allows customers the flexibility to meet their changing demands. MJPayment is the first and only truly integrated financial solution for the marijuana industry. According to MJPayment, it provides banking, logistics, and payment solutions to the marijuana industry and their suppliers, as well as a compliance suite allowing banks to ensure compliance with government regulations, such as FinCEN and Justice Department guidelines for the opening and ongoing management of accounts for marijuana businesses.
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.”
Pazoo CEO David Cunic states, “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. 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 in the early part of August.”
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