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Green Check Expands Financial Services Marketplace for Cannabis Operators

More than 8,800 professionals use the first-of-its-kind marketplace.

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Green Check recently announced that Advocharge, Flex Payment Solutions, BitX and Distru have joined Green Check Connect, a cannabis business marketplace launched in January 2023.

With the addition of these new partners, the platform expands access to products and services spanning payments, lending and business management software for the more than 8,800 cannabis operators currently using Green Check's tool. The expansion adds a focus on ancillary cannabis business services, a critical component of the industry ecosystem. New credit card solutions for ancillary businesses speeds money movement and enhances industry commerce.

Green Check Founder and CEO Kevin Hart says "Access to verified, reliable business and financial services is essential to supporting the longevity and growth of the entire cannabis industry ecosystem."

Podcast: Kevin Hart: We Need to Keep the Good Money In and the Bad Money Out of Cannabis

Green Check Connect offers a centralized platform where all cannabis related businesses can access essential financial and business products to grow operations β€” reducing the disparities many have encountered, including limited options, exploitative pricing and poor service.

Intelligent Matching technology pairs operators with the best-fit financial and business services providers, based on product/service fit, location, price and a variety of other factors. The tech minimizes the time and resources cannabis operators typically spend searching for, vetting and accessing the services they need to grow.

Since its launch in early 2023, the marketplace has expanded to more than 60 total service providers across banking, C2B/B2B payments, HR/payroll, lending and legal.

This expansion follows an announcement earlier this year marking Green Check’s year-over-year growth in 2023, including more than 8,800 cannabis businesses now on its platform (131% increase), more than $6 billion in sales tracked (74% increase), and over $9 billion in total deposits (35% increase) across the platform users.

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