Green Check Verified To Integrate New HSLC Cannabis Banking Program Into Its Software

Green Check Verified (GCV) entered into a partnership with The Home Savings and Loan Company of Kenton, Ohio. Through this partnership, HSLC will launch its newly formed cannabis banking program, with plans to offer a full suite of products and services to the entire supply chain of businesses within the cannabis industry ecosystem.

This partnership aims to improve integrated compliance for financial institutions and cannabis-related businesses in Kenton and the greater Ohio area. 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.

Chris Jones, CEO at HSLC, stated: “We understand the challenges faced by cannabis related businesses when it comes to banking, that’s why we’ve established a special accounts team. We’ve hired the best in class to help businesses navigate the complexities of the cannabis industry. Our team is made up of our BSA analyst, Crystal Curry, and Ross Richards who serves as our special accounts officer. Crystal and Ross are focused on providing the services businesses need.”

The program includes deposit and lending products for businesses and owners, as well as their employees. HSLC also offers PIN debit merchant services to help facilitate payments by debit cards for cannabis related retail businesses.

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Photo: Benzinga; Sources: courtesy of lindsayfox and Tusumi via Pixabay

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