With deep roots in the Colorado financial world, it’s no wonder we helped to pioneer cannabis banking. Since we were originally created by Partner Colorado Credit Union, we bring over 90 years of financial service to the table, giving you peace of mind that we’ll be here. Today and tomorrow.
In November 2012, Colorado voters passed Amendment 64 legalizing the sale and use of recreational marijuana. As a result, entrepreneurial businesses focused on cannabis products, growing as fast as the strong demand for the product. Unfortunately, federal laws did not change, making it nearly impossible for these businesses to conduct banking in federally insured financial institutions.
As a result, marijuana businesses operated in a cash-based landscape, paying rent, salaries, taxes, etc. with grocery bags full of cash. The prospect of robbery, fraud and worse made this approach unsustainable. In July 2014, a group of attorneys, representing a number of cannabis- related businesses, approached Partner Colorado Credit Union to help establish a legitimate banking option for their clients. By the beginning of 2015, Safe Harbor Private Banking opened for business. Today, As Safe Harbor Financial, we continue to proudly forge the way for safe, legal banking for the flourishing cannabis industry.
CEO, Safe Harbor Services
Safe Harbor Services is the brainchild of Sundie Seefried, CEO of Safe Harbor Financial. A 35-year veteran of the credit union industry, in 2014, she saw that CRBs needed financial services and that Colorado communities would be safer if the new industry had access to banking solutions.
Amanda’s unique cannabis banking perspective started with years of hands-on industry experience. From the front line to managing the Credit Union’s greatest risk— BSA/AML practices—Amanda served as the initial banker for the Safe Harbor Program and is currently Vice President of Safe Financial.
Michael, Safe Harbor’s BSA Officer, brings a 360-degree view of the cannabis banking industry. His 20+ years of experience as a financial institution executive, Senior BSA/Compliance Officer, Auditor, Consultant and Federal Regulator, offer keen insight for designing, deploying and administering CRB banking programs successfully.
We help you grow with the support of our strategic partners. Fully vetted and recognized for their expertise, you can count on these guys to further optimize your business.
AeroPay is the leading digital payments platform for the cannabis industry. With AeroPay, cannabis businesses can offer contactless in-store, online, and B2B payments to customers, suppliers, or business partners.
Track N Pay
A proven payment solution for retailers.
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At Safe Harbor, one of our core values is giving back to the communities we serve. Our commitment is exemplified by the following organizations, however our teams give countless hours of their time to other philanthropic causes as well.
The Policy Center for Public Health and Safety (PH&S) was founded by forward- thinking leaders who facilitate dialogue, putting solutions in front of credible policymakers and key regulatory figures who have the ability to responsibly address issues impacting the U.S. and international cannabis markets.
Created in 2016, the Growing Hope Foundation is as an avenue for cannabis businesses to support worthy causes they believe in and give back to their communities.