Green Check (GC), a fintech company focused on the cannabis industry, exceeded $1 billion in monthly cannabis sales deposits in Q3 2024. This milestone reflects the growth of GC’s network, which currently includes more than 170 financial institutions and more than 11,000 cannabis entities. Related Businesses (CRB) throughout the United States
Wider financial network
In addition to its financial growth, Green Check expanded its reach by acquiring new financial institution customers in nine additional states. The company continues to address banking and financial services needs in the cannabis space, where many companies are struggling to find compliant solutions.
Kevin Hart, Founder and CEO of Green Check, said: The company’s recent growth demonstrates the growing demand for financial institutions that can work with cannabis businesses in a legally compliant manner.
Enhanced financing options for cannabis businesses
Green Check is also partnering with companies like CTrust and Coda Capital to expand financing options for cannabis businesses. Additionally, we are working with the North American Business Council to create a cannabis-specific 401(k) program to provide financial planning options for industry employees.
Improve data insights for CRB
To help cannabis businesses manage their operations, Green Check has enhanced its platform with features such as Green Check Access, an API that aggregates data from various sources to provide more actionable insights. The company has also launched a service aimed at helping CRBs on Indigenous lands access historically underserved banking solutions.
Kevin Hart will be a featured speaker at the Benzinga Cannabis Capital Conference, which is being held in Chicago, Illinois as we speak. This event will provide further understanding of the changing cannabis financial landscape and Green Check’s solutions.
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