Green Check today announced a strategic partnership with Lüt, a closed-loop payments platform built to bring financial tools to cannabis and other emerging industries.
This partnership will deliver a compliance-driven, stable and affordable payment solution for cannabis operators and consumers alike. By combining Green Check’s trusted banking compliance expertise with Lüt’s advanced, fully certified payment processing platform, the collaboration eliminates reliance on cash, reduces payment shutdowns and addresses non-sufficient funds (NSF) concerns across in-store, delivery and e-commerce transactions.
"Our mission has always been to bring stability and compliance to cannabis financial services, and Lüt aligns perfectly with that commitment,” said Kevin Hart, founder and CEO of Green Check. “This partnership goes beyond just our shared capabilities and the value we now bring together, it's about philosophy. Both companies share a 'begin with the end in mind' approach, ensuring long-term, stable relationships that benefit the industry as a whole."
The partnership will also provide the cannabis industry with heightened operational safety and financial security. With Lüt’s closed-loop payment processing network, funds remain within the banking system and are FDIC insured, giving operators and consumers peace of mind. Merchants will benefit from new revenue opportunities through delivery and e-commerce, reduced cash-handling costs, and enhanced community safety.
"From our first conversations, it was clear that Lüt and Green Check share the same vision for the future of this industry,” said Michael Andrud, Founder and CEO of Lüt. “We both want to make things easier, safer and more reliable for operators. This partnership lets us bring that shared vision to life with a simple, dependable payment solution that truly meets the needs of cannabis businesses."
