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Albuquerque Cannabis Banking

Expand your business with marijuana banking in Albuquerque. Safe Harbor Financial is one of the nation’s foremost cannabis banks, renowned for its experience and dedication to supporting cannabis-related businesses.

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Despite New Mexico becoming a legal state for the recreational use of marijuana, it remains a Schedule I drug at the federal level. For cannabis companies, this discrepancy means major financial institutions will refuse to grant access to vital financial services. It’s a pattern we’ve seen again and again.

That’s where Safe Harbor Financial comes in.

We were conceived as a solution for the cannabis-related businesses being underbanked. Even worse, many businesses turn to unscrupulous institutions or practices to keep their company afloat. Safe Harbor Financial is different. With a firm emphasis on regulatory compliance, we ensure your business stays safe, protected, and legitimate. 

For over seven years, we’ve served hundreds of cannabis firms, processing more than $12 billion in cannabis funds. Using our expertise and advice, we can elevate your business’s success – let our team bring your vision to life.

Albuquerque cannabis banking services

A lack of adequate marijuana banking in Albuquerque can cause quite a headache for businesses. The absence of financing, compliance issues, and poor communications can lead to frustration with the few firms willing to accept cannabis-related businesses.

As cannabis companies see profits soar, it’s frustrating to find a lack of financial services is holding you back. Nor do you want to find yourself facing federal or state financial inspections for dishonest practices.

Under our watch, you’ll always know that your cannabis banking in Albuquerque is 100% legitimate and above board. In fact, we work alongside legislators, regulators, and law enforcement to stay abreast of the issues at the local and national levels. 

For all our clients, including cultivators, dispensaries, biotech firms, ancillary businesses, and more, we provide the financial services needed for success:

  • 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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Join Safe Harbor for marijuana banking in Albuquerque

New Mexico is still in the foothills of legal recreational cannabis sales, with the first licensed sales commencing on April 1, 2022. With no limit on the number of retail licenses available from the state, the cannabis industry is set to boom.

Indeed, Safe Harbor was founded to facilitate businesses struggling to find cannabis banking in Colorado after legalization. We believe all businesses need guidance, advice, and expert financial services to succeed. 

As a leading cannabis banking institution, we process in excess of $200 million in cannabis-related funds monthly. Through Safe Harbor Financial, you’ll gain access to unparalleled banking advice and industry-leading expertise in regulatory compliance. 

We’re dedicated to supporting Albuquerque’s thriving cannabis industry. Our personalized banking system means you can receive the help and support you need whenever necessary. Let’s forge a path to profitability, safety, and respect for cannabis banking in Albuquerque.

Indeed, we consider ourselves a part of every community we’re engaged in. Using our seven years of experience, we’re ready to transform Albany’s cannabis banking.

Contact our team for further information about joining Safe Harbor Financial.

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Open your account today to elevate your success!

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Frequently Asked Questions

Why choose Safe Harbor Financial? +

Safe Harbor Financial is one of the foremost cannabis banks nationwide. With extensive experience supporting businesses as they navigate the early days of legal recreational sales, we’re perfectly positioned to help Albuquerque’s new cannabis business go from small-time to statewide.

We’ve handled over 600 accounts, successfully processing billions in cannabis-related funds. In addition, all our clients receive a personal banker, familiar with the ins and outs of their business and the specific rules for marijuana and hemp banking in Albuquerque.

How to join Safe Harbor Financial? +

You need to become a bank member to access Safe Harbor Financial’s services. Our application process involves three steps: (1) submit your application, (2) a document check, (3) an interview, site inspection, and an in-depth business review.

As part of the application process, please submit the following:

  • 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

Please get in touch with our team for any further questions about the application process.

Why do I need marijuana and hemp banking in Albuquerque? +

Despite legalization, both marijuana and hemp remain tightly regulated industries in New Mexico. We ensure high-level compliance, so you can live safe in the knowledge that your finances are in competent hands. 

Moreover, without cannabis banking in Albuquerque, your business risks theft or fraud. Criminals are aware of the cash-rich nature of marijuana companies. By storing your revenue in trusted financial institutions, you do not need to rely on additional security and protection.

Do you offer CBD and hemp banking in Albuquerque? +

Yes. Our financial services at Safe Harbor Financial are available to any cannabis-related business that meets our criteria. Whether you’re a hemp farm or a CBD extraction facility, we’re here to support your business – and our personal bankers have the relevant experience in your field to help.