SinglePoint, Inc. (SING) Set to Capitalize on Payment Markets Opportunity in MMJ Industry after Congress Triggers Safe Harbor Protection
With the passage of the Rohrabacher-Farr amendment in the $1.1 trillion spending bill to fund the government until September 30, 2017, Congress continues its hands-off approach to the medical marijuana industry. Attached as a rider to the appropriations bill, Rohrabacher-Farr now allows marijuana dispensaries powerful ‘safe harbor’ protections. As a consequence, SinglePoint, Inc. (OTC: SING) is rebooting its initiatives, started two years ago, to be a ‘first mover’ in providing payment solutions to the cannabis vertical through its SingleSeed payments subsidiary. SinglePoint has been working with medical marijuana (MMJ) businesses for a long time, as GeekWire reported in August 2014…