Green Check Verified

Green Check provides a technology layer that gives financial institutions visibility into cannabis business operations and compliance with state laws. This includes transaction monitoring, portfolio management dashboards, and industry-wide KPIs. The platform is designed to satisfy regulatory requirements that would otherwise prevent banks from banking the cannabis sector.

Green Check Connect is a marketplace that links cannabis businesses to third-party service providers including lenders, insurers, payroll companies, and payments processors. It aggregates vetted vendors that understand cannabis-specific compliance needs. The marketplace was launched as part of Green Check's expansion beyond core banking services.

Green Check acquired PayQwick to add direct banking services and Komplyd to deepen data connectivity and compliance analytics. These acquisitions expanded the firm's capabilities from a compliance platform for financial institutions into a broader fintech and data infrastructure provider. The combined entity now serves both cannabis operators and the banks that bank them.

The firm reports serving more than 8,800 cannabis businesses and over 80 financial institutions, with more than $9 billion in total deposits processed. This scale places Green Check among the more entrenched infrastructure providers in US cannabis banking. Its growth accelerated after the PayQwick and Komplyd acquisitions.

Green Check's board includes Dan Goldfarb of Mendon Venture Partners and Andre Haroche of Silverleaf Venture Partners, with Anton Schutz of Mendon and Tamara Totah of Flatiron Venture Partners serving as board observers. These venture relationships reflect institutional backing for the company's compliance-first fintech model. Mendon and Flatiron are both early-stage venture firms with fintech exposure.

Green Check participates only in US state-legal cannabis markets, as its entire model depends on the distinction between state and federal law. The firm does not disclose a comprehensive state footprint but its customer counts suggest broad coverage across states with active legal cannabis regimes. Its headquarters are in Florida with an additional office in Connecticut.

No, Green Check is a fintech and regtech platform, not a chartered bank. It enables banks and credit unions to provide accounts and services to cannabis businesses by acting as a compliance intermediary. Its acquisition of PayQwick allowed it to offer certain direct services, but the firm does not hold a banking charter.