× Close

Ann Arbor Cannabis Banking

Expand your cannabis-related business with renowned marijuana and hemp banking in Ann Arbor. Become a member and discover our incredible financial service today.

Learn More

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.

Ann Arbor cannabis banking services

Without access to financial services, running a business becomes a significant challenge. Accepting customer payments, maintaining accurate books, or even paying taxes are a headache for business owners. Every dollar earned only makes things worse. That’s the opposite of how things should operate. You’ll also gain access to our full range of financial services, 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
Open Your Account

Experience renowned marijuana banking in Ann Arbor

Home to the University of Michigan and a bustling cultural scene, businesses in Ann Arbor are well-positioned to take advantage of Michigan’s liberalization of its cannabis laws. Yet, the legalization of recreational cannabis only passed in 2018, meaning the industry is still in the foothills of future growth.

Nevertheless, as a whole, Michigan collected $175 million from a 10% excise tax on recreational cannabis sales in 2021. With municipalities receiving over $56,000 for every recreational retail location in its boundaries, there’s a strong pressure to expand this fledgling industry.

With the annual “Hash Bash” held in the city and a long history of openness to marijuana, cannabis-related businesses can thrive if given the right financial support.

Safe Harbor Financial is an experienced financial institution that’s helped hundreds of businesses expand and reach maturity. We appreciate the difficulty navigating the tumultuous waters of the cannabis industry. But with our support, marijuana and hemp banking in Ann Arbor can transform your business, taking it to the next level.

Open Your Account

Open your account today to elevate your success!

Open Your Account

Frequently Asked Questions

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

How do I access Safe Harbor Financial’s services?

Becoming a member of Safe Harbor is the only way to access our outstanding financial services. Please complete the application process:

  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

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

Why do I need cannabis banking in Ann Arbor? +

With new markets increasingly opening up, businesses need the support and capital to expand. Safe Harbor Financial has the know-how to help you grow your business, from basic financial services to our superb loans program. Otherwise, businesses must rely on operating cash-only or turn to disreputable financial organizations.