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Medical marijuana payment company launches mobile app

The U.S. medical marijuana industry now has its own mobile app.

Medical Cannabis Payment Solutions, which describes its mission as providing end-to-end management across multiple systems for medical marijuana operations, announced the launch this week.

With rapid growth in the sector, the company said in a news release, many operators have experienced such rapid growth that they find it difficult to manage every aspect of their operations.

Medical Cannabis Payment Solutions said it can solve the fragmentation problem by identifying tools that are important to dispensaries, then customizing them to cater to the industry.

The company said its new mobile solution, Ghost, is the only mobile application platform built specifically for the medical marijuana industry. It allows dispensaries to create their own privately labeled mobile app with features that include push notifications, in-app messaging, social media integration, e-commerce, third-party integration and multimedia. It works on Apple and Android platforms.

"We're building the most forward-thinking platforms in the industry," Medical Cannabis Payment Solutions CEO Jeremy Roberts said in a news release. "Ghost was designed with breakthrough features that really matter to people."

The company said it will begin taking orders immediately and plans to showcase the platform at the National Marijuana Business Conference in November. Entrepreneur Magazine estimates the medical marijuana industry will be worth $8.9 billion by 2016.

Learn more about in-app payments.