How Valley Bank Scaled a National Cannabis Banking Program with Compliance Intelligence

The Challenge

Valley Bank began preparing for cannabis banking in anticipation of SAFE Banking Act reforms, but quickly recognized that financial risk could be managed effectively even before legislation passed. They needed to get executive and regulatory buy-in, manage high compliance burden, and pilot a new program—all with limited internal technology capabilities. 

The Green Check Solution

Valley Bank chose Green Check to accelerate program launch and scale with oversight:

• Point-of-sale integration: Green Check pulls cannabis POS and seed-to-sale data, providing granular visibility into every transaction and assuring legality. 
• Automated onboarding & monitoring: Manual processes were replaced with efficient workflows, enhancing regulatory reporting and compliance consistency. 
• Cloud-based rapid rollout: Implementation required minimal internal resources—allowing Valley to launch a pilot with their first five clients quickly. 
• Strategic collaboration: Weekly coordination between Valley and Green Check shaped evolving product enhancements and program execution. 

CLIENT VOICE:
“Green Check’s approach gave us the technology, visibility, and operational ease needed to serve cannabis businesses responsibly and confidently.”

The Results

• Valley Bank now supports cannabis-related businesses across 29 states, from small operators to multi-state operators. 
• Transaction visibility and compliance automation made onboarding simpler and boosted internal efficiency—especially in FinCEN reporting and SAR filings. 
• Clients benefit from full commercial banking capabilities—including treasury services and lending—tailored for cannabis businesses with consistent pricing and service. 
• Valley’s structured compliance program has increased trust with regulators and board leadership alike. 
• By shifting cash transport to partners and leveraging digital workflows, operators saw monthly transport fee savings of up to $30K in certain states. 

What’s Next?

• Continuing to expand services, including lending and digital payment tools like their proprietary Valley Pay platform. 
• Scaling program to support more states and larger client segments, including sophisticated MSOs. 
• Deepening use of compliance data and insights to guide strategic program enhancements and client offerings. 

Call to Action

Ready to launch or scale your compliant cannabis banking program?
Talk to our experts about how Green Check can power your growth with visibility, automation, and compliance excellence.