Medical Cannabis Payment Solutions (REFG)

[JFXL2]

I hope this company doesn't take away from REFG compliance piece?

NIC Inc. (NASDAQ: EGOV), a provider of digital government services, announced the acquisition of Complia Monday in a move that will allow it to enter the cannabis industry.

What Happened

The terms of the acquisition were not disclosed. NIC said the transaction involves Complia's entire business and all employees. Complia's founders Alex Valvassori, Harikrishnan Gopalakrishna and Ramesh Babu will join Complia in senior management positions.

Why It's Important

Complia operates a technology platform that helps government regulation of the cannabis and hemp industries.

cheers FX