Cannabis-focused fintech connector Green Check announced on Tuesday a new feature that enables access to banking services for licensed cannabis-related businesses (CRBs) operating within Indigenous communities.
What Happened: CRBs with tribal licenses can now onboard seamlessly onto the Green Check platform, expanding access to banking for CRBs on sovereign land. It will include regulatory rules in future updates, streamlining the onboarding process while simplifying access to essential financial services for businesses.
Why It Matters: The new feature seeks to address a gap in financial services available for the CRBs on Indigenous lands, considering state-issued license requirements have created barriers for financial institutions in serving businesses licensed by sovereign nations.
"As Green Check continues to innovate and update our program for CRBs operating on sovereign lands, our platform will be able to recognize the unique program rules and license types specific to these businesses, ...
