Green Check Verified Teams Up With Southern Chautauqua To Strengthen Marijuana Business Compliance

Green Check Verified, a fintech provider of compliant cannabis banking solutions and services, announced on Thursday its partnership with Southern Chautauqua Federal Credit Union.

Together, SCFCU will enlist GCV to launch Flora, the credit union’s newly formed cannabis banking program.

This partnership aims to improve integrated compliance for financial institutions and cannabis-related businesses in Chautauqua County.

“As the cannabis industry continues to grow, organizations like SCFCU are the ones making sure that these businesses have the banking services required to be successful,” Paul Chesek, GCV’s CGO, said. “We’re excited to get started with SCFCU on their journey. Together, we can make significant strides to improve compliance for financial institutions and cannabis-related businesses.”

GCV will extend key components of monitoring for marijuana-related business and workflow solutions to automate license verification and monitoring for violations, negative news, and other compliance red flags.

“Southern Chautauqua Federal Credit Union strives to be the resource in our community that services the underserved,” Lindsay Hubbard, chief compliance officer at Southern Chautauqua Federal Credit Union, said. “We quickly realized that there was a disparity in banking services available to the cannabis industry and rose to the occasion creating this program after months of research and development.”

Related News

Photo: Benzinga Edit, Source: Shutterstock

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsFinancingMarketsGreen Check VerifiedmoneyPaul ChesekSouthern Chautauqua Federal Credit Union
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!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be 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, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on – Prices will increase very soon!