How Cogent Bank Built a Full-Service Cannabis Banking Program in Florida

The Challenge

• Most financial institutions were offering limited account access to cannabis-related businesses (CRBs)—often omitting services like ACH, wires, or treasury management. 
• Cogent Bank wanted to serve CRBs fully, despite regulatory complexity and federal restrictions. They needed compliance infrastructure and board/regulator confidence. 

The Green Check Solution

• Provided a comprehensive compliance platform integrated with various CRB point-of-sale systems, enabling transaction monitoring and regulatory tracking. 
• Enabled Cogent to offer full-service financial products—including treasury, mobile and online banking, ACH, wires, and cash processing—to cannabis account holders on par with mainstream clients. 
• Supported transparency with regulators and board endorsement, helping Cogent scale confidently. 

Results

• Launched a cannabis banking program that delivers full commercial services to CRBs in Florida. 
• Positioned the business to treat cannabis clients the same as other commercial clients—enhancing credibility and service parity. 

What’s Next?

• Continue expanding the cannabis banking program and enhancing cloud-based fintech capabilities. 
• Explore deeper services such as lending and ancillary support while maintaining rigorous compliance oversight.