EXCLUSIVE: Green Check, Brinks-Owned PAI Forge Partnership To Expand ATM Access For Cannabis Businesses

Zinger Key Points
  • Kevin Hart announces groundbreaking ATM solution for cannabis operators at the Benzinga Cannabis Capital Conference.
  • The partnership with PAI addresses the cash-dominated nature of the cannabis industry, ensuring reliability and compliance.

In an onstage announcement at the Benzinga Cannabis Capital Conference on Tuesday morning, Green Check, a leader in fintech for the cannabis market, revealed its collaboration with Payment Alliance International (PAI), powered by Brinks BCO. This strategic alliance aims to offer robust, integrated ATM solutions to cannabis operators, enhancing their revenue protection and compliance.

The partnership was announced by Kevin Hart, founder and CEO of Green Check, during a panel at the Benzinga conference that which delves into the complexities of banking for cannabis businesses.

Bridging Gaps In Cannabis Financial Services

The partnership is a response to the urgent demand for comprehensive financial services within the rapidly growing cannabis sector. By leveraging Green Check’s extensive network, PAI seeks to reach a wider range of cannabis operators, providing them with seamless ATM services. 

The collaboration supports the expansion of Green Check’s financial and business services for state-licensed cannabis companies while simultaneously enhancing financial institutions’ confidence in the compliant operations of these businesses.

Unlocking Growth In Cash-Dominant Industry

“Within the more than 9,000 cannabis businesses currently on the Green Check Connect marketplace, our data shows more than 70% of the $7.8 billion processed over the last 12 months was cash-based,” said Hart, referring to the predominance of cash transactions in the industry.

"With cash currency still holding the lion’s share of transactions in the cannabis industry, it is imperative to have reliable, trusted integrated ATM cash management solutions that support cannabis operators' growth and success. We're excited to partner with PAI to do just that," Hart added, emphasizing the potential of the service announced by the partnership.

With both Green Check and PAI participating in Benzinga’s Cannabis Conference in Hollywood, Florida, their alliance marks a pivotal move toward greater transparency and normalization in the cannabis sector.

Read also: Green Check Verified CEO Kevin Hart To Talk Cannabis Banking Revolution On Heels Of $6M Funding Round

The Benzinga Cannabis Capital Conference is happening this week at The Diplomat Beach Resort in Hollywood, Florida on April 16-17. The two-day event is a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis. This conference is the go-to event of the year for the cannabis world.

Photo: Benzinga edit with photo and logo via LinkedIn

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsTop StoriesExclusivesCannabis Capital ConferenceCCCGreen CheckGreen Check VerifiedKevin HartPayment Alliance InternationalpaymentsStories That Matter
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.