Home

Green Check Partners with Lüt to Launch Compliance-First Payment Solution for the Cannabis Industry

via Business Wire

Leaders in cannabis financial solutions create industry’s first fully compliant, cashless and stable payment solution for cannabis operators, eliminating reliance on cash

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

This partnership will deliver a compliance-driven, stable and affordable payment solution for cannabis operators and consumers alike. By combining Green Check’s trusted banking compliance expertise with Lüt’s advanced, fully certified payment processing platform, the collaboration eliminates reliance on cash, reduces payment shutdowns and addresses non-sufficient funds (NSF) concerns across in-store, delivery and e-commerce transactions.

"Our mission has always been to bring stability and compliance to cannabis financial services, and Lüt aligns perfectly with that commitment,” said Kevin Hart, founder and CEO of Green Check. “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."

The partnership will also provide the cannabis industry with heightened operational safety and financial security. With Lüt’s closed-loop payment processing network, funds remain within the banking system and are FDIC insured, giving operators and consumers peace of mind. Merchants will benefit from new revenue opportunities through delivery and e-commerce, reduced cash-handling costs, and enhanced community safety.

"From our first conversations, it was clear that Lüt and Green Check share the same vision for the future of this industry,” said Michael Andrud, Founder and CEO of Lüt. “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."

To learn more, visit http://greencheckverified.com/.

About Green Check

Green Check (GC) is modernizing the way cannabis businesses and financial institutions work together. Founded in 2017 by a team of technology, banking, and regulatory experts, GC provides industry-leading technology, advisory services and data-driven insights to more than 170 financial institutions and nearly 13,000 cannabis-related businesses. Green Check was included on the Forbes Cannabis 42.0 list for three consecutive years, recognized by CNBC as one of the World’s Top FinTech Companies, and named one of 50 game-changers in the cannabis industry in the 4th annual The Cannabis 50. It has been repeatedly recognized as Top Compliance Company and Top Compliance Leader at the PBC Awards, the premier cannabis industry honors. In addition, it has been recognized as the Top Financial Technology by the Green Market Report and was also named as one of the top Best Places to Work in Fintech for four consecutive years by American Banker. To learn more about Green Check, visit greencheckverified.com and follow GC on LinkedIn.

About Lüt

Lüt is more than a payment platform app—it’s a new financial ecosystem built for accessibility, reliability and growth. Lüt modernizes payments by combining traditional card processing, real-time payments, and a secure, closed-loop mobile system. Its card and mobile transaction model keeps pace with evolving commerce, from online retail to emerging sectors like cannabis and iGaming. Built on the first proprietary payment rails created since 1986 and supported through a strategic partnership with First Federal Bank of Florida (FFB), Lüt delivers faster settlements, cash-back incentives for users and transparent pricing without relying on outdated intermediaries. Lüt’s leadership team brings decades of experience in the fintech space to streamline the payment process for merchants and consumers alike with easy to use emerging real-time payments technology. Learn more at mylut.com and follow Lüt on LinkedIn.

Contacts