Green Check Teams Up With Kisan America, Will Provide Cash Management Solutions To Cannabis Industry

Cannabis-focused banking solutions provider Green Check is partnering with Kisan America, a provider of cash management solutions. This collaboration, announced Tuesday, aims to expand access to safe financial management systems for the cannabis industry.

"In an industry that remains overwhelmingly cash-based, cannabis operators often face multi-day delays in the availability of their cash, negatively impacting both daily cash flow and bottom lines – something we see first-hand with the more than 6,000 retail cannabis clients Green Check works with," stated Kevin Hart, founder and CEO of Green Check. "This partnership with Kisan allows us to address this critical need by providing our network with integrated cash management solutions that streamline operations, while maintaining the highest level of security, to ensure growth and success."

The partnership will focus on quickly deploying a set of integrated and automated financial solutions through Green Check's network of connected cannabis retail clients, bringing provisional credit for all connected businesses. This way Green Check's network of more than 170 banks and credit union clients and Cash-In-Transit (CIT) providers will be able to offer same-day provisional credit, reduced operating costs and enhanced risk controls to their cannabis customers.

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By incorporating advanced security measures like encrypted transaction processing, tamper-resistant hardware and surveillance integration, Kisan's solutions help mitigate the risks of fraud and unauthorized access.

"Kisan, renowned for its innovation in providing safe, reliable, and automated systems tailored to highly regulated, cash-intensive industries such as retail and financial institutions, is uniquely positioned to address the needs of the legal U.S. cannabis industry," Patrick Moore, vice president of sales at Kisan America, said in a statement. "Through our partnership with Green Check, we are excited to expand the adoption of our cutting-edge cash management solutions for cannabis operators, delivering unprecedented levels of cash accessibility, operational efficiency, security, and compliance."

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• 170 Banks Now Armed With Data Insights: Green Check Rolls Out Cannabis Banking Solutions

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