We are the only marketplace offering these combined services to our members,” said Steve Janjic, Amercanex CEO. “This is a groundbreaking step for the cannabis industry, which has faced multiple hurdles in obtaining corporate banking accounts.
DENVER, CO (PRWEB) February 01, 2016
Amercanex, the American Cannabis Exchange, announced today that it has resolved two of the biggest hurdles facing cannabis industry regulators, lawmakers and stakeholders: Cash management and seed to sale tracking under one combined access and verification ecosystem.
Amercanex will begin offering ACEpay, a treasury and cash management system that allows ACE Marketplace participants to deposit cash and pay their bills, payroll and taxes on time and in compliance with local regulations. Amercanex participants will also be able to accept payments from others within and outside the cannabis industry. ACEpay funds are fully secured, insured and held at top tier banks and financial institutions, giving participants comprehensive access to ancillary financial services from many other third parties.
In addition to ACEpay, Amercanex is now offering seed to sale tracking software with administrative, plant and inventory management, security, compliance and accounting capabilities. This software, which includes Point of Sale (POS), Radio Frequency Identification (RFID) and geotracking services, allows government regulators to verify and collect taxes when combined in action with the ACE Marketplace.
“We are the only marketplace offering these combined services to our members,” said Steve Janjic, Amercanex Chief Executive Officer. “This is a groundbreaking step for the cannabis industry, which has faced multiple hurdles in obtaining corporate banking accounts.“
All Amercanex transacting members are eligible for these seed to sale, treasury and cash management services. The end-to-end commerce solutions will give state and local government regulators, as well as Amercanex stakeholders, the ability to conduct business confidently and effectively.
“Our full business cycle solution allows our cannabis market participants to conduct financial transactions safely and securely, with clear transparency,” said Amercanex Chairman Richard Schaeffer.
Amercanex is the cannabis industry’s first fully electronic marketplace. Our comprehensive suite of tools for cultivators, dispensaries, manufacturers, vendors and regulators helps create a neutral, transparent and non-manipulated arena for cannabis market participants and government regulators. The ACE Marketplace offers greater control of the buy/sell process, enabling better pricing, full regulatory reporting and lower costs. To learn more about Amercanex, please visit http://www.amercanex.com.
Robert Ruiz, Chief Marketing Officer
Nothing above or herein constitutes investment advice or an offer, or solicitation of an offer, to buy or sell any financial product. To the maximum extent of the law, Amercanex Corporation and the ACE Marketplace accept no responsibility for any reliance placed on the contents of this document and accepts no liability for any direct, indirect or any other loss arising out of any use of the information contained in this document or any omission from it. The ACE Marketplace is not available to non-licensed/ authorized participants. It is not intended for distribution to, or use by any, person or entity in any jurisdiction or country where such distribution or use would be contrary to any applicable law or regulation.