Safe Harbor Financial was conceived in 2015 to tackle an ongoing crisis: the chronic underbanking of the nascent cannabis industry. Because of federal prohibition, major financial institutions refused to accept money from cannabis-related businesses due to excess paperwork and prosecution fears. Only through specialized financial institutions, like Safe Harbor Financial, are cannabis-related businesses (CRBs) able to access financial services.
We’ve spent the past years developing our range of services, including checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more. Little wonder that we’ve earned a reputation for personalized banking and reliable regulatory support.
As we’ve expanded, we have processed more than $12 billion in cannabis-related funds, supported over 600 accounts, and operated in 20 states nationwide. Our lessons and guidance were critical in guiding Colorado’s cannabis industry; now, we’re bringing our expertise to hemp and marijuana banking in Ann Arbor.
Please let our team advise and support your CRB – become a member of the Safe Harbor family today.