Regent Bank Expands Cannabis Banking Services with Green Check Verified

The Challenge

• Rapid Growth: The bank experienced explosive growth and sought to expand its services to meet community needs. 
• Regulatory Compliance: Navigating the complex regulatory landscape of cannabis banking requires robust systems. 
• Operational Efficiency: Managing a growing number of CRBs necessitated streamlined processes and technology integration. 

The Green Check Solution

• Technology Integration: Green Check Verified provided a platform that integrated with CRBs’ point-of-sale systems, enabling seamless tracking of sales and deposits. 
• Agile Support: The partnership offered responsive and customer-focused service, allowing for quick adaptations to meet Regent Bank’s needs. 
• Scalable Infrastructure: The platform’s scalability supported the rapid expansion of Regent Bank’s cannabis banking program. 

The Results

• Rapid Onboarding: Regent Bank onboarded its first cannabis client by the end of June 2019 and expanded to over 300 CRBs shortly thereafter. 
• Enhanced Compliance: The integrated system ensured adherence to state laws and regulations, providing peace of mind for both the bank and its clients. 
• Operational Efficiency: The technology enabled efficient management of high-volume transactions, reducing manual processes and potential errors.

What’s Next?

• Continued Growth: Regent Bank plans to further expand its cannabis banking services to meet increasing demand. 
• Ongoing Innovation: The bank aims to continue leveraging technology to enhance service offerings and operational efficiency. 

Call to Action

Looking to streamline your cannabis operations and ensure regulatory compliance?
Learn how Green Check Verified can support your business in navigating the complexities of the cannabis industry.