Green Check and Lüt to deliver compliant and cashless payment solution for cannabis operators

Editorial

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Green Check, the infrastructure provider powering compliant commerce in the legal cannabis industry has announced a partnership with Lüt, a closed-loop payments platform built to bring modern financial tools to cannabis and other emerging industries.

Together, by leveraging Green Check’s banking compliance expertise and Lüt’s payments processing platform, they will deliver a payments solution for cannabis operators and consumers.

Further, this collaboration aims to eliminate reliance on cash, reduce payment shutdowns, and address non-sufficient funds (NSF) concerns.

Lüt’s network also has the potential to provide increased operational safety and financial security. With the closed loop payment processing network, funds will remain within the banking system and are FDIC insured.

Merchants look to benefit from new revenue opportunities through delivery and e-commerce, reduced cash-handling costs and enhanced community safety.

Kevin Hart, founder and CEO of Green Check, says: “Our mission has always been to bring stability and compliance to cannabis financial services, and Lüt aligns perfectly with that commitment. This partnership goes beyond just our shared capabilities and the value we now bring together, it’s about philosophy. Both companies share a ‘begin with the end in mind’ approach, ensuring long-term, stable relationships that benefit the industry as a whole.”

Michael Andrud, founder and CEO of Lüt“, adds: “From our first conversations, it was clear that Lüt and Green Check share the same vision for the future of this industry. We both want to make things easier, safer and more reliable for operators. This partnership lets us bring that shared vision to life with a simple, dependable payment solution that truly meets the needs of cannabis businesses.”