BASKING RIDGE, N.J.–Affinity FCU said it is expanding its services to the cannabis market after entering into a partnership with Green Check, a fintech that provides solutions in the space.
“This partnership empowers Affinity to grow its cannabis banking program and broaden its reach to the legal cannabis-related business (CRB) segment of the communities it serves,” the credit union said.
It cited midyear data showing New Jersey's legal cannabis industry, both recreational and medicinal, generated approximately $180 million over the six-month period.
Affinity, which launched its cannabis banking program earlier this year, said it offers banking solutions to a range of CRBs, including dispensaries, cultivators, wholesalers, manufacturers, and ancillary businesses. It also provides a full line of consumer products for their employees and family members.
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