US: Service to accelerate growth for cannabis banking launched

Green Check has launched Green Check Managed Services, a new included solution for Green Check clients designed to help financial institutions (FIs) scale their cannabis banking programs faster, without stretching internal resources.

This offering allows banks and credit unions to expand and accelerate growth opportunities while staying fully in control. Green Check provides the expert personnel, proven processes, and integrated platform to run the day-to-day compliance operations behind the scenes, ensuring seamless, scalable and compliant program expansion.

"Fast-growing programs can often run into roadblocks due to competing priorities or overextended teams," Green Check CEO Kevin Hart said. "Managed Services removes that friction. Institutions don't need to hire a new team to grow their programs; they really just need the right partner. That's where Green Check comes in."

With Managed Services, financial institutions gain access to onboarding and due diligence for cannabis-related businesses (CRBs), integrated ideal-prospect matching to find and attract new businesses, enhanced ongoing monitoring and risk rating, SAR drafting (initial and ongoing), and Integrated Portfolio Management for end-to-end program visibility.

"Green Check's managed services team has been a game changer for United Prairie Bank," said Shelly Doll, chief operating officer of United Prairie Bank. "Their cannabis banking experts stepped in with hands-on support that kept us confident and compliant. They now handle the daily license monitoring and even reach out directly to our clients, giving our team the full support we need. We look forward to continuing to leverage Green Check's managed services team to support our compliance team, allowing our program to grow and scale without needing to add additional headcount."