Green Check and Lüt to deliver compliant and cashless payment solution for cannabis operators

While the cannabis banking industry continues to be a complex sector due to regulatory conflict between state legalisation and federal prohibition in the US - forcing most businesses to operate largely in cash - since 2017, Green Check has been working to modernise the way cannabis businesses and financial institutions work together.

Green Check, the infrastructure provider powering compliant commerce in the legal cannabis industry has announced a partnership with Lüt, a closed-loop payments platform built to bring modern financial tools to cannabis and other emerging industries.

Together, by leveraging Green Check's banking compliance expertise and Lüt's payments processing platform, they will deliver a payments solution for cannabis operators and consumers.

Further, this collaboration aims to eliminate reliance on cash, reduce payment shutdowns, and address non-sufficient funds (NSF) concerns.

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