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Anchorage Cannabis Banking

Access to marijuana and hemp banking in Anchorage is fundamental to success. Become a member of Safe Harbor Financial for personalized banking and quality regulatory guidance.

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For cannabis-related businesses, access to financial services is a chronic problem. Despite a wave of legalizations across the states, the federal government’s stance on prohibition prevents major financial institutions from accepting cannabis-related businesses as customers. 

We founded Safe Harbor Financial to bridge this divide. Starting in Colorado in 2015, we’ve supported hundreds of companies in their journey to success. Now we’re sharing our lessons and services. Our Anchorage cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

Under our guidance, we ensure businesses stay 100% regulatory compliant. We understand the challenges of navigating the tumultuous legal landscape. That’s why no financial institution does more to support marijuana banking in Anchorage and beyond.

Anchorage cannabis banking services

Over the past seven years, we’ve earned a reputation for regulation rigor. To ensure our members receive up-to-date advice, we work alongside regulators, legislators, and law enforcement to deliver reliable guidance. Dispensaries, manufacturers, cultivators, accounts, lawyers, and any other cannabis-related professional or business can join Safe Harbor for Anchorage cannabis banking, including:

  • 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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Grow your business with marijuana banking in Anchorage

Following the legalization of recreational cannabis in 2014, Alaska, and Anchorage, in particular, have become a focal point for cannabis culture. The High Times Alaska Cup is held in the region, and tourist traffic for cannabis is sizable. 

Indeed, being the third state to legalize cannabis has given plenty of time for the industry to mature and develop. Where other states are opening their first dispensaries, Anchorage features cannabis extraction businesses and other value-added enterprises.

However, like in all cities, the problem of cannabis underbanking lingers. Safe Harbor Financial is an industry-leading financial institution with extensive experience supporting companies in mature cannabis markets. Whether you’re involved in hemp, CBD, or marijuana, the full range of our services is at your disposal. 

As the industry continues to diversify, you need an innovative cannabis bank to manage your account. We’ll ensure you are fully set up to explore any opportunities that arise.

Contact our team for further information about joining Safe Harbor Financial. Join a bank that believes in what you do and respects your business. 

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Open your account today to elevate your success!

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Frequently Asked Questions

How do I join Safe Harbor Financial? +

To become a member, please submit an application through our website. You’ll need to follow these three steps:

  1. Submit your application
  2. We perform a document check and due diligence
  3. We conduct an interview, site inspection, and an in-depth business review

Alongside your application, we’ll need all the relevant marijuana-related documentation. Please include:

  • 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

We always aim to conduct a complete review and process your application as soon as possible. Please contact our team for any further questions about the application process.

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

Why do I need cannabis banking in Anchorage? +

Diversifying your business, expanding to new markets, and even starting up all require financial services, regulatory advice, and capital investment. Safe Harbor Financial delivers all three. If you want to grow your business and deliver quality service, you need a financial institution that’ll support your day-to-day running.

Moreover, the risks of theft or fraud for cash-only businesses are high. Additional security digs into profits and prevents successful business operations. Only with access to a bank can businesses receive the financial protection needed.

Do you have a loan program? +

Yes. All you need to do is submit a loan application. For existing bank members, please speak to your personal banker for more information. We aim to return a decision within 30 days of an application. During this period, we’ll conduct an interview and perform a document check to ensure you’re a viable candidate.