The Bonita Springs-based financial services and software provider for cannabis-related businesses surpassed the milestone of $1 billion in monthly cannabis sales deposits in the third quarter. Founded in 2017, Green Check currently serves more than 11,000 cannabis businesses (CRBs) on its platform, the company said in a statement.
“We are excited about what we accomplished this quarter and look forward to the opportunities ahead,” Green Check CEO and founder Kevin Hart said in an Oct. 8 statement. “Our growth highlights the need for CRBs to be connected with the right financial and business service providers, while the expansion of our financial institution base demonstrates the demand for compliant banking solutions.”
GreenCheck has a network of more than 170 financial institutions across the United States and added new financial institution customers in nine states in the third quarter, the statement said.
The company is also adding additional support to cannabis businesses, including expanding access to financing with cannabis ratings firm CTrust and financial firm Coda Capital, and offering cannabis 401(k) solutions through a partnership with the North American Corporate Council. Partnering with other organizations to provide resources. , Green Check said in a statement.
In the third quarter, the company also released expanded access to insights into the cannabis industry, launched new features that enable banking for CRBs offered within sovereign nations, and launched cannabis on indigenous lands. We have given businesses access to financial services.
Mr Hart said: “Through every partnership and product update, we are committed to providing financial institutions and CRBs with the right tools, technology and team to succeed in their industry and positively impact their communities.”
