Corporate intelligence leader teams up with cannabis fintech innovator to deliver the industry's most robust risk assessment platform for licensed operators.

With equity investors on the sidelines, cannabis operators have turned to debt to finance their businesses.

Banks could earn over $2 billion in cannabis-related interest payments by 2035, highlighting the industry's growing financial potential amid evolving legalization and compliance challenges.

Whitney Economics Collaborates with CTrust and Green Check to Identify Lending Needs and Opportunities in Cannabis Sector

CTrust Chairman Bob Hoban and CEO Dotan Y. Melech join host Rob Sanchez of Apt. 113 to share their journeys and experiences with the cannabis industry, discuss how the current challenges with financing are leading to more receiverships, and how cannabis risk assessments - the Cannabis Trust Score™ - can help the industry better manage risk and prepare them for future lending programs from financial institutions.

CTrust launches Cannabis Trust Score, offering transparent risk assessment for cannabis businesses seeking loans. Financial institutions now have access to tools that evaluate cannabis companies' credit worthiness. CTrust's tailored approach helps cannabis businesses access capital, improving loan terms and credit options.

Green Check Verified announced Wednesday that it has entered into an exclusive partnership with CTrust and Coda Capital Advisors. The new partnership will provide a platform for financial institutions to start lending to compliant cannabis-related businesses.

Standardized risk evaluation and credit scoring are crucial to advancing the cannabis industry. CTrust Founding Member and CEO Dotan Y. Melech penned an article earlier this week in American Banker highlighting how the emergence of lending policies based on data-driven risk analyses will foster a stronger and more equitable financial landscape across the industry.

Cannabis retailers usually do not have an extensive debt record when applying for credit, creating a niche that CTrust is trying to fill with a specialized score to inform lending. CTrust's recently launched Cannabis Trust Score, or CTS, considers financial data as well as ongoing regulatory and operational changes that affect the cannabis industry.

Credit-Scoring System Yields Unprecedented Level of Transparency, Benefiting Financial Institutions, Investors and Cannabis Business Owners ------- CTrust, the first and only cannabis business credit scoring and risk monitoring agency, announced today the beta launch of its cannabis credit scoring platform, now available to financial institutions, investors and business owners.

LOS ANGELES (AP) — The Biden administration’s move to reclassify marijuana as a less dangerous but still controlled drug was hailed as a monumental step in reshaping national policy. But it might do little to ease a longstanding problem in the cannabis industry — a lack of loans, checking accounts and banking services that other businesses take for granted.

A fascinating conversation with co-founder and CEO of the world’s first cannabis rating agency.

Green Check (GC), the leading fintech connector, and technology and insights provider in the emerging cannabis market, today announced it has partnered with CTrust, the first credit scoring and monitoring agency for cannabis businesses, and Whitney Economics, a global leader in cannabis and hemp business consulting, data and economic research, to produce a new research report examining cannabis debt and equity financing.

New investment in the cannabis industry has slowed due to a combination of stifling regulations, economic uncertainty, lack of access to capital, and restrictive banking options. Nevertheless, skilled investors still can capitalize on opportunities arising from this uncommon convergence of market conditions.

New collaboration augments Green Check's cannabis financial solutions marketplace with built-in credit scoring for cannabis businesses seeking financial products to support their operations.

Cannabis businesses in survival mode must identify their core competencies and streamline operations to stay solvent and restore trust. The legacy cannabis market is in distress. To bring it back from the brink, lenders and operators need transparent evaluations and rapid action to preserve value, overcome obstacles and survive.

Credit ratings for cannabis companies are essential because equity financing has become increasingly challenging to obtain. Correspondingly, tightening credit standards will likely cause debt to become more expensive or unavailable for poorly rated companies.