How Greater Nevada Credit Union Supports Nevada’s Cannabis Industry with Green Check

The Challenge

• Lack of Access to Banking Services: Nevada’s cannabis industry faced challenges accessing traditional banking services due to federal regulations. 
• Security Concerns: High volumes of cash transactions posed safety risks for CRBs. 
• Regulatory Compliance: Ensuring adherence to state and federal regulations was paramount. 

The Green Check Solution

Green Check provided GNCU with:

• Compliance Tools: Assistance in navigating the complex regulatory landscape. 
• Operational Support: Guidance in establishing secure and efficient banking processes. 
• Integration Capabilities: Support in integrating banking services with CRBs’ existing operations. 

“Green Check has done a phenomenal job. They listen to us. They collaborate very well. In the selection process, their clear knowledge behind the industry was an easy sell for us.”
— Therly Baker, Vice President of Operations, GNCU

The Results

• Program Expansion: GNCU’s Cannabis Banking Program has grown to include 15 monitored locations. 
• Enhanced Security: Implementation of armored car services and check scanning reduced cash handling risks. 
• Comprehensive Services: CRBs have access to a full suite of banking services, including online banking and payroll solutions. 

What’s Next?

• Continued Growth: GNCU plans to expand its Cannabis Banking Program to more locations. 
• Service Enhancement: Ongoing improvements to banking services to meet the evolving needs of CRBs. 
• Community Engagement: Strengthening partnerships with local cannabis businesses to support their growth. 

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.