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More than 8,800 cannabis operators are currently benefiting from this first-of-its-kind marketplace in the emerging cannabis market
BONITA SPRINGS, Fla., February 21, 2024 (Globe Newswire) — green check (GC), a leading fintech connector and technology and insight provider in the emerging cannabis market, today announced: Advocharge, Flex payment solution, Bit X and Distor I participated green check connection – First-of-its-kind cannabis business marketplace launched in January 2023.
With the addition of these new partners to Green Check Connect, the more than 8,800 cannabis businesses currently using GC’s industry-leading platform now have access to products and services across payments, financing, and business management software. Access expands. With this expansion, Green Check focuses on ancillary cannabis business services, a key element of the industry ecosystem. A new credit card solution for ancillary businesses speeds the movement of funds and enhances industry commerce.
“Access to verified and trusted business and financial services is essential to supporting the longevity and growth of the entire cannabis industry ecosystem,” said Kevin Hart, CEO and Founder of Green Check. “Every time we foster new connections and relationships between providers and businesses in our marketplace, we advance our commitment to fostering a more inclusive financial system and economic prosperity.”
“AdvoCharge’s extensive experience with non-cannabis retail, B2B and e-commerce businesses positions us to leverage our expertise to provide the best rates possible,” commented Mark Tracy, CEO of AdvoCharge. did. “We are proud to join the Green Check Connect marketplace and extend our services to the thousands of legally assisted cannabis businesses on the platform.
Rob Zeitler, president of Flex Payments, added: “Flex is honored to join the Green Check Connect marketplace, bringing together his Flex knowledge, passion, and transparency in the CBD/hemp industry. We’re excited to help get things back to normal.”
Green Check Connect provides a centralized platform for all cannabis-related businesses to access essential financial and business products to grow their businesses, eliminating the need for limited options, predatory pricing, poor service, etc. , reducing the disparity that many companies have encountered.
GC’s intelligent matching technology matches thousands of cannabis businesses on the platform with optimal financing based on product/service suitability, location, price, and a variety of other factors gathered through Green Check’s insights engine. and business service providers. This minimizes the time and resources cannabis businesses typically spend searching for, vetting, and accessing the services they need to grow.
Since its launch in early 2023, the marketplace has grown to include a total of 60 providers across banking, C2B/B2B payments, HR/payroll, lending, legal, and more, reflecting the growing number of providers dedicated to supporting the cannabis industry. We have expanded to include more service providers. .
This expansion follows an announcement celebrating GC’s service earlier this year. Unprecedented year-on-year growth In 2023, there will be over 8,800 cannabis businesses on the industry-leading platform (up 131%), tracked sales of over $6 billion (up 74%), and total deposits across the platform of 90 Over $1 billion (35% increase) in users.
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About green check
Green Check (GC) is modernizing the way cannabis businesses and financial institutions work together. Founded in 2017 by a team of technology, banking, and regulatory experts, GC provides industry-leading technology and advisory services to more than 140 financial institutions and more than 8,800 cannabis companies. Green Check was named to the 2023 Forbes Cannabis 42.0 and one of the 50 game changers in the cannabis industry in the fourth annual The Cannabis 50. We have been repeatedly recognized as a Top Compliance Company and a Top Compliance Leader by the premier PBC Awards. Cannabis industry honors. Additionally, it was recognized as a Top Financial Technology Company by Green Market Report and was also named one of the Best Companies to Work For in FinTech in 2022 and 2023 by American Banker. Click here for more information about Green Check. greencheckverified.com and run GC linkedin.
CONTACT: Christina Levin Green Check greencheckverified@calibercorporateadvisers.com
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