Why does my bank need my sales activity?
To comply with their own compliance regulations, financial institutions need to be able to match the amount of money you deposit with the amount of money you make from your sales.
This helps them ensure you are only depositing money you make from your legal operations. To do this, they need to verify that each sale follows the cannabis sale laws set forth by your state's cannabis program.
How do I upload sales to Green Check?
Green Check integrates will several point of sale and invoice tracking systems. If your system supports an integration, you simply need to connect it to your Green Check account to begin uploading your sales automatically.
If your system does not yet integrate with Green Check, you will upload your sales activity manually.
Why do I need to record my deposits in Green Check?
Recording your deposits in Green Check helps your bank verify that the funds you are depositing into your bank account can be tied back to legitimate sales. Because Unverified funds are not added to your Max Deposit amount and therefore cannot be included in a deposit record, your bank can confidently demonstrate that no Unverified funds are being deposited into your bank account.
How will Green Check use my data?
The Green Check system simply provides an easy way to share your sales activity with your financial institution. Direct integrations with your point of sale or invoice tracking software help to automate this process. The Compliance Rules Engine checks each sale to make sure it complies with the regulations governing cannabis sales in your state. Green Check does not own your data, nor will we ever sell it to a third-party. Your data remains your data.