PSYC Corporation (PSYC)

[FreddyJ_30]

Even if the Feds legalize MJ...

MTrac has the potential to be a POS system uniquely designed to service an entire new industry that will always remain heavily regulated. Even if the banks could become players in this market, you have to realize that there are all types of transactions beside just making a purchase over the counter. If the feds were to legalize it, Mtrac can still tout that their solution provides MJ businesses a complete platform that can handle every facet of their day to day business. Just look at what MTrac is already advertising on their website:

MTrac EcoSystem

Just because MJ businesses could now accept credit/debit cards directly, an offering like MTrac could still be attractive because with legalization, a boat load of new compliance standards at the federal level would come with it. And MTrac's blockchain based ecosystem could become a standard and a necessity for MJ businesses wanting to legitimize themselves at a federal/national level. In that way, I think MTrac is already preparing for it with that news of partnering with a DC lobbyist.

What we don't really know yet, is how much of that MTrac ecosystem is functional at this time. So far, the news and focus has been around customer/merchant interaction but there's so much more possibility than that. And MTrac could be poised to lead after the end of federal prohibition if they are truly working on everything their ecosystem claims to support. Besides Cultivate, I can see Sky Mids engineers working on the other aspects of this platform that haven't really been highlighted at this time.

That image on MTrac's website touts "Delivery Management" for example. Well it looks like Sky Mids has a spin off called Ten65. All this is speculation and MTrac is still just an infant startup company so they could crash and burn, but they have the access to the resources to pull it off with GreenBox/Sky Mids building them up.