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Troy Cannabis Banking

Experience personalized banking and reliable regulatory advice at Safe Harbor Financial. We’re an industry-leading institution for marijuana and hemp banking in Troy.

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No business can hope to succeed without the right financial banking. That’s not solely about investment: checking accounts, employee payrolls, and other basics are the backbone of any business. For cannabis-related businesses, however, federal prohibition prevents major financial institutions from serving the burgeoning industry.

We founded Safe Harbor Financial in 2015 to solve the ongoing underbanking crisis. Over the past seven years, we’ve developed an impressive range of financial services, garnering a reputation for bespoke banking and regulatory rigor.

Our Troy cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more. From these basics to personal bankers, we’ve got the toolkit for cannabis business success.

With Michigan’s cannabis industry still in its infancy, businesses need to strike while they can. They need a financial institution to guide and support their growth. We can do just that; we’ve done it before.

Speak to a team member about reaching new heights – we have the experience and services to help you succeed.

Troy Cannabis Banking Services

In the past seven years, we’ve processed more than $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states. Throughout all our experiences, there was one lesson we saw repeated: no two businesses are the same. Through our personal bankers, our members can access our full range of services:

  • Checking and savings accounts
  • Online banking with 24/7 account access
  • Consumer payments
  • Electronic tax payments
  • Cash management accounts
  • Cash pick-up and delivery services
  • Investment options
  • Employee accounts
  • Direct deposit payroll
  • ACH payments and origination options
  • Wire Services
  • Financing
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Succeed with renowned marijuana banking in Troy

Located about sixteen miles northwest of Detroit, Troy is one of the main suburbs of the metropolis. In the past twenty years, Troy has regularly ranked one of the best places to live in the US, being among the safest and most affordable cities in the country. As the town’s motto goes: “The City of Tomorrow… Today.”

With the legalization of recreational marijuana in Michigan in 2018 under the Michigan Regulation and Taxation of Marijuana Act, the state has seen a thriving marijuana industry develop, collecting hundreds of millions in taxes on recreational cannabis sales.

There are numerous opportunities in this fledgling industry for businesses and entrepreneurs in Troy. To take advantage of this change, cannabis-related businesses (CRBs) need the backing of an experienced financial institution, like Safe Harbor Financial.

We’ve already helped hundreds of CRBs achieve success in Colorado and beyond; now, we’re sharing our services and lessons in Troy. 

Become a member of Safe Harbor Financial to access the best marijuana banking in Troy. Speak to our team for further details.

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Open your account today to elevate your success!

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Frequently Asked Questions

How do I access Safe Harbor Financial's services? +

We welcome all legitimate and legal cannabis-related businesses to SHF. If you wish to become a member, please complete the application process:

  1. Submit your application
  2. Conduct a document check
  3. Perform an interview, site inspection, and an in-depth business review

As part of the application, please submit:

  • All business documents (including bylaws and operating agreement)
  • Your marijuana license or certificate and a complete copy of your license application
  • Your IRS EIN Certification Letter

For any further questions about Safe Harbor or the application process, please get in touch with our team.

Why is marijuana banking in Troy important? +

Whether it’s running the day-to-day business, accessing capital investment, or seeking regulatory guidance, businesses need a financial institution with the knowledge and experience to support their growth. Without financial services, businesses must turn to friends and family for investment or even operate solely in cash. That attracts thieves and criminals – increasing your security costs. 

Join Safe Harbor Financial, and we’ll protect your money, provide regulatory advice, and ensure you’ve got the capital to expand.