On this episode, I discuss with Mike Kennedy of Inexperienced Test who attempt to simplify the myriad of issues {that a} hashish firm faces with banking, insurance coverage and payroll.
We discuss concerning the how and why of enterprise and contact on the next subjects, amongst others.
The expansion of insurance coverage choices in america for hashish firms.
Paying is much more difficult than you may suppose.
How do they handle their compliance as an organization that works with shoppers all around the nation (A number of analysis!)
Are they constructing a gold mine of knowledge, extra beneficial than hashish itself?
Establish tendencies and patterns and share them with shoppers.
The expansion of worldwide hashish commerce – it's a no brainer and extra firms are wanted to help this development in all jurisdictions
Mike Kennedy
Co-founder, Chief Technique Officer at Inexperienced Test
Inexperienced Test (GC) modernizes the best way hashish firms and monetary establishments work collectively. Based in 2017 by a group of know-how, banking and regulatory specialists, GC supplies industry-leading know-how, advisory companies and data-driven insights to greater than 150 monetary establishments and greater than 10,000 companies associated to the hashish. Inexperienced Test was included within the Forbes Hashish 42.0 2024 and 2023 checklist, acknowledged by CNBC as one of many world's Prime FinTech Corporations, and named one of many 50 sport changers within the hashish {industry} within the 4th annual The Hashish 50. repeatedly acknowledged as a Superior Firm Firm and Prime Compliance Chief on the PBC Awards, the primary awards of the hashish {industry}. As well as, it was acknowledged because the Prime Monetary Expertise by the Inexperienced Market Report and was additionally named among the finest locations to work in Fintech in 2022, 2023 and 2024 by American Banker. To study extra about Inexperienced Test, go to greencheckverified.com and comply with GC LinkedIn.
Firm Mission
Our mission is to help the authorized hashish {industry} by connecting each hashish enterprise with the monetary and enterprise companies they should develop.
In a dynamically altering regulatory surroundings, Inexperienced Test stays unmoved within the face of the unknown, mapping the best way ahead, establishing new requirements and tendencies; keep targeted on serving to the authorized hashish {industry} do good whereas doing good.
By this revolutionary spirit, Inexperienced Test at its coronary heart, is about connection. We join authorized hashish companies with the monetary and enterprise companies they should develop. We join the efficiency of hashish companies in a clear approach, giving monetary establishments the required visibility into the operations of the hashish enterprise for them to confidently serve the neighborhood in accordance with every state regulation.
We do that by means of an enormous supply of knowledge, enabling insights for the quickly rising hashish {industry}. Our ardour for this rising {industry} drives our function. We’re relentless in our pursuit of increasing alternatives for each hashish operators and the monetary establishments that serve them.
Newest replace
Inexperienced Test Expands Unified Hashish API Providing for New Hashish Market Entrants and Legacy Corporations
July 23, 2024, 1:04 p.m
Right now, Inexperienced tip (GC), the main fintech supplier of monetary companies options and {industry} insights within the hashish market, introduced the growth of Inexperienced Test Entry (GCA): the primary hashish knowledge instrument and API in its sort GCA helps new verticals enter the hashish {industry}, whereas offering unprecedented insights and knowledge to present firms within the area seeking to optimize their operations.
With Inexperienced Test Entry, firms acquire unprecedented entry to unified and normalized knowledge from usually disparate units, comparable to the details of sale and stock programs within the hashish ecosystem. The result’s an easy-to-use single supply of reality for crucial knowledge, together with buyer and product data, seed gross sales knowledge, historic and present market evaluation, and far more. As such, GCA is without doubt one of the largest collections of actionable insights for the hashish {industry}.
“Having spent the previous few years constructing know-how merchandise for hashish firms, we perceive that one of many greatest obstacles to entry that different know-how firms face in serving this market is the necessity for industry-specific integrations , in addition to entry to unified knowledge to drive determination making,” stated Mike Kennedy, co-founder and chief technique officer of Inexperienced Test. “We imagine our newest providing enormously reduces the technical raise and burden of sustaining an providing for the {industry}, whereas the standardized knowledge part permits all firms to optimize their strategic planning and operations in a method that wasn't accessible earlier than.”
With the gathering of APIs, firms utilizing GCA are capable of construct, join and monetize options particular to the hashish {industry}, making a platform that firms can adapt to their distinctive wants.
GCA's early adopters are already utilizing the instrument in highly effective methods. Ctrusta associate of Inexperienced Test and the main credit score scoring and monitoring company for hashish companies, makes use of the unified hashish API to construct a credit score threat evaluation system particularly for the hashish {industry}.
“By our use of Inexperienced Test Entry knowledge and integrations, CTrust is ready to paint an image of the monetary well being of hashish companies for banks and lenders,” stated Dotan Y. Melech, co-founder and CEO of CTrust. “We imagine this can lead to a big enhance in mortgage merchandise to the hashish {industry}, which has an pressing want for capital.”
New market entrants starting from beverage firms and laboratories to prescribed drugs and supply may also entry these instruments. As well as, early adopters of GCA, together with multi-state operators (MSOs) and different massive companies within the hashish {industry}, can proceed to implement this know-how to raised perceive {industry} tendencies, make pricing choices optimum and actually know their clients.
“We're excited to see the numerous use instances of how our companions are already leveraging the wealth of knowledge that Inexperienced Test Entry supplies, and we all know it should solely develop as the knowledge continues to evolve,” stated Kennedy.
To study extra about Inexperienced Test Entry, go to greencheckverified.com/cannabisapi. To comply with for extra information of the corporate, go to greencheckverified.com.
