Bonita Springs company passes $1B in monthly cannabis deposits

A Bonita Springs-based financial services and software provider for cannabis-related business has passed a milestone, marking $1 billion in monthly cannabis sales deposits in the third quarter. Green Check, which was founded in 2017, has now served more than 11,000 cannabis-related businesses (CRBs) on its platform, the company says in a statement.

"We’re thrilled with what we've accomplished this quarter and look forward to the opportunities ahead," Green Check CEO and founder Kevin Hart says in an Oct. 8 statement. "Our growth underscores the need for CRBs to be connected with the right financial and business service providers, while our expanding base of financial institutions demonstrates the demand for compliant banking solutions.”

Green Check has a network of more than 170 financial institutions across the nation and added new financial institution clients in the third quarter in nine states, the statement says.