Marijuana Company Of America Has Selected Global Payout, Inc. As Its Financial Solutions Provider – Yahoo Finance

as Its Financial Solutions Provider Marijuana Company of America, Inc. January 4, 2016 7:00 AM BONSALL, CA–(Marketwired – Jan 4, 2016) – MARIJUANA COMPANY OF AMERICA (“MCOA” or the “Company”) ( OTC PINK : MCOA ), an innovative cannabis marketing and distribution company, is pleased to announce that it has selected Global Payout, Inc. (“GP”) ( OTC PINK GOHE ) as its financial solutions provider. The challenges of obtaining financial solutions in the cannabis industry make it difficult for cannabis businesses to operate efficiently and safely. The Federal status of cannabis as a Schedule I substance is preventing traditional financial and banking institutions from supporting the industry. Finding a financial institution that is willing to provide services to the industry is extremely difficult, at best. GP’s Consolidated Payment Gateway (CPG) and MoneyTrac prepaid solutions will enable MCOA to process membership fees, pay vendors, employees, and affiliates. MCOA members will be able to make purchases using an MCOA branded prepaid card, reducing cash transactions, and enabling online and mobile purchases. This significantly reduces the risk associated with operating a cash-only cannabis business. Global Payout will provide stable financial solutions for MCOA on a global basis as the Company launches its pilot program in Southern California in Q1 2016, and as it expands to other legal medical marijuana and adult use states, and other countries.

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