How Frankenmuth Credit Union Launched “Envy” to Serve Michigan’s Cannabis Industry

Frankenmuth Credit Union, a $1 billion institution serving 22 Michigan communities, partnered with Green Check to launch "Envy," a fully compliant CRB program. Envy offers services to cultivators, processors, transporters, testers, and retailers.

The Challenge

Community Demand: Local cannabis businesses needed compliant banking solutions.
Regulatory Complexity: Navigating state and federal cannabis regulations.
Operational Efficiency: Ensuring the program was scalable and efficient.

The Green Check Solution

Green Check provided Frankenmuth Credit Union with:

Compliance Framework: Tools to meet state and federal cannabis banking regulations.
Operational Support: Assistance in developing a scalable program.
Educational Resources: Training and insights into the cannabis industry.

“Green Check Verified has been extremely valuable in the development of Envy. They provided more than just software solutions, including education, templates, industry insights, and much more.”
— Josh Herman, Cannabis Banking Enterprise Risk Manager, Frankenmuth Credit Union

The Results

Program Launch: Successfully launched Envy, offering services to various cannabis-related businesses.
Community Engagement: Received positive feedback from local cannabis businesses.
Operational Success: Developed a compliant and scalable cannabis banking program.

What’s Next?

Program Expansion: Continue to grow and refine the Envy program.
Community Support: Enhance support for local cannabis businesses.
Service Diversification: Explore additional services to meet the evolving needs of the cannabis industry.

Call to Action

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

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