Pacific Stone Partners with RIP Medical Debt to Alleviate Medical Debt

Pacific Stone Partners with RIP Medical Debt to Alleviate Medical Debt

<![CDATA[SANTA BARBARA, Calif. , July 12, 2022 /PRNewswire/ –PRESS RELEASE– Pacific Stone, a premier seed-to-sale company producing 6.5 percent of the licensed California market’s cannabis flower, announces its ongoing partnership with RIP Medical Debt and participating California retailers with the goal of alleviating $3 million in medical debt for families across the state of California.Because of RIP Medical Debt’s unique model of purchasing medical debts in large portfolios for a fraction of their face value, every one dollar donated relieves, on average, $100 of medical debt. Pacific Stone’s goal is to raise $30,000 to abolish $3 million of burdensome medical debt for Californians in need. The first in-store promotional event will take place from July 15 through July 17 at two Wellgreens dispensary locations in San Diego. Consumers can support this initiative by purchasing the following Pacific Stone products:Every purchase of a 3.5g bag or jar erases $100Every purchase of a 7g bag or pre-roll erases $200Every purchase of a 28g bag erases $600RIP Medical Debt’s partnership with Pacific Stone is the latest step in their overall goal of abolishing financially burdensome medical debt around the United States. Employing a model that mimics for-profit debt buyers, the national nonprofit uses fundraised dollars to purchase medical debt in large, bundled portfolios at below market value. After acquiring the debt, the organization contacts the individuals whose debt(s) they have purchased and notifies them that they are no longer obligated to pay. Thus far, the national nonprofit has raised enough money to abolish over $7 billion of medical debt for nearly four million families.”It is a pleasure to collaborate with a mission-driven organization such as RIP Medical Debt. Their noble work has already helped millions and we are excited to help change the lives of many more families across California,” said Skip Motsenbocker, CEO of…

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Source : Pacific Stone Partners with RIP Medical Debt to Alleviate Medical Debt

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