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Michael Biegalski
Vice President of Sales and Operations at Flex Payment Solutions, LLC
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CBD Expo SOUTH 2020
December 11, 2020, Houston, USA
CBD Expo SOUTH 2020
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CBD Expo SOUTH 2020
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CBD Expo SOUTH 2020
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Hemp’s Hurdles: Merchant Processing & Business Banking
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As regulation surrounding hemp cultivation and processing takes shape there remains tremendous confusion on both the industry and consumer side surrounding payment processing. As the SAFE Banking ACT stalls in the Senate and courts continue to scrutinize 280-E tax filings, support for the financial aspects of CBD sales and production can seem non-existent. Our panel of industry veterans, lawyers, and financial professionals discuss the legal, and practical logistics of merchant processing and banking hemp related monies.

00:25 Payment solutions

05:05 Chargeback

09:03 Live technical support

14:50 Legalization

19:20 Security bank account

24:55 Fixed fee

29:20 Bring cash out to you

33:30 E-commerce risk

38:30 Profit margin

43:50 Business and personal accounts

About speakers

Michael Biegalski
Vice President of Sales and Operations at Flex Payment Solutions, LLC
Hans Enriquez
CEO & President at Dazed inc.
Trask Harmon
Business Owner at MedA.T.X.
Paul Trowe
Co-Founder & Chief Strategy Officer at GreenGo

Current VP of Sales & Operations at Flex Payment Solutions, a payment tech startup located in St. Louis and focused on the development of innovative payment technologies to facilitate payments for under-served industries. In the first year of processing payments with an in-house solution in 2017, Flex was able to help customers process over 320k transactions and over $55M. Graduated from the Olin Business School at Washington University in St. Louis at the end of May 2016 with a Masters in Corporate Finance. During my time at WashU I was elected as the Specialized Masters Program Social Liaison, worked as an Investment Theory teaching assistant, and was selected to a team of five students from the entire graduate business class (SMP and MBA) to work on a practicum project for Edward Jones. Before attending Washington University, I attended Butler University from 2011-2015 where I received Bachelors degrees in Mathematics as well as Secondary Education. During my time at Butler I was a four year member of the D1 football program where I contributed to two championship seasons, mentored and tutored elementary-high school students, and produced a previously unsolved proof of an application of the Pythagorean Theorem for my senior mathematics thesis.

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Problem Solver and Ultra Creative experienced in bootstrapping start-ups, business development, franchising, retail and e-commerce, alternative payment solutions, social media marketing strategies, brand development, graphic design, wholesale and distribution. Specializing in the CBD, Hemp and Cannabis Markets

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Get your cannabis business the expertise it needs to thrive! As a twenty-year veteran of the west coast cannabis scene, over the past two decades, I've built a curated and connected rolodex of smart MMJ/CBD professionals and companies. Leveraging my knowledge and network, I have the specialized ability to provide your company with the tools and solutions required to guarantee success in the constantly evolving cannabis market. If you seek a cannabis consultant, expert educator for your event, association or convention, or require banking/payment solutions for your MMJ/CBD business, I can help through my suite of business solutions serving the medical marijuana, anciillary medical marijuana, and CBD industries countrywide.

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For the first 30 years of my career I developed and published games for top video game companies such as Activision, Atari, Sierra On-Line, and Gremlin Interactive. The games I have worked on over the years have sold hundreds of millions of units. Some of those games are Grand Theft Auto 1, 2, 3, Quake 2, Mech Warrior, Zork Nemesis, and Leisure Suit Larry. Most recently I've started investing in Bitcoin as early as 2013 and have since helped others increase their net worth by well over 25x ROI by providing early advice, consultation, and classes on crypto trading strategies. I'm an early adopter of Bitcoin and crypto currency. In addition I also provide my own TA (technical analysis) of the top 100 alt coins I use for day trading. In June of 2003 I formed Pulse Interactive, an independent mobile developer and publisher. I substantially grew the company's portfolio of games and revenue in a little over three years. In 2006, after winning the Best Mobile Game of E3 award, I sold Pulse to SK Telecom, the largest mobile operator in South Korea, for a sizable exit and stayed on at SK to help them grow their US business. In 2008 I saw a need for compelling content to be created and distributed by various digital distribution platforms, believing that very soon the majority of content will be distributed digitally.

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Thank you guys for coming in smaller group. We were just talking we're just going to introduce ourselves. We can do like a quick little rundown of kind of our experiences from the business sector we're coming from but let will just give you this towards you guys will just let you fire questions at us and make it more of a conversation. So I might I'm with flex Payment Solutions were a direct payment processor. So we're an ISO for Visa Mastercard with a couple banks and we do some ACH check processing just basically money movement stuff. We're out of Missouri presence in Chicago

small presence in Houston. That's my background. How'd you know, we are a large volume high-risk processing a company. We we we have a very large portfolio and nutraceutical online which is is it at the high-risk Endeavor and then we it's my job to bring New business to Merchant Global and we're focused on our solutions for the CBD hemp as well as the medical side. We have solutions for the ancillary medical marijuana markets. We have solutions for the medical marijuana Market as

well as to happen cvd we can do everything from your brick-and-mortar to your online as well as the FDIC insured depository banking to back all of the verticals and a currently. Yeah, we do hundreds of thousands of processing is a day that said that's mostly in the nutraceutical environment that we use that block of processing power to start to give some better terms to the new emerging markets in my focus is on the CVT. I'm on the weekends CEO of Disney ink and MedEx Holdings are publicly traded company. I've been in business for about 16 + years and smoke and vape.

I have lots of experience and as far as being a delay up a small business in the end needing the solutions as far as merchant services. I'm off to

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Michael Biegalski
Hans Enriquez
Trask Harmon
Paul Trowe