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Arkansas Cannabis Banking

A Comprehensive Solution for Arkansas Cannabis Banking.

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As this industry continues to grow, many businesses in the state are still unable to access basic financial services, including banking, due to strict federal regulations surrounding Arkansas cannabis banking. Safe Harbor Financial provides comprehensive and industry-leading services to CRBs across the United States.

Since founding in 2015, we’ve managed nearly 600 accounts and processed over $12 billion in cannabis-related funds. We’re proud to have operated in 20 states nationwide, providing essential financial services to the marijuana industry. 

As a result of our extensive experience in this field, we understand the unique challenges businesses face in accessing banking services, which is why we work hard to provide reliable and trustworthy solutions for our clients.

Our mission is to support and empower CRBs by providing secure and compliant financial services tailored to cannabis banking in Arkansas, enabling them to focus on growing their businesses.

At Safe Harbor Financial, all legal and legitimate CRBs should have access to reliable and comprehensive banking services, regardless of their size, location, or financial history. Join us and be part of the solution to the challenges facing the hemp industry.

Contact us today, and let us help you navigate the complex landscape of cannabis banking.

Arkansas Marijuana Banking Services

We offer a comprehensive suite of services tailored to the demands of CRBs. With years of experience in the industry, we understand the unique challenges that CRBs face and have designed our services to meet their needs. Our services include:

  • Checking and savings accounts
  • Online banking with 24/7 account access
  • Personal financial advisors
  • Electronic tax payments
  • Consumer payments
  • Cash management accounts
  • Cash pick-up and delivery services
  • Investment options
  • Employee accounts
  • Direct deposit payroll
  • ACH payment and origination options
  • Wire services
  • Financing

Our services are designed to help you succeed, no matter what sector of the cannabis industry you operate in. Contact us today to learn more about our services and how we can help your business thrive.

Marijuana and Hemp Banking in Arkansas: Current Rules and Regulations

At Safe Harbor Financial, navigating the regulatory environment is challenging for many CRBs. That’s why we prioritize ensuring that we are operating in compliance with all state and federal regulations governing hemp banking.

Arkansas legalized medical marijuana in 2016, but recreational cannabis is still illegal in the state. It is a Schedule I drug under federal law, meaning it is still illegal at the federal level. Despite this, there are still ways for businesses to access services, but they must adhere to specific regulations.

The following laws and agencies apply to Arkansas hemp banking:

  • The Arkansas Medical Marijuana Commission (AMMC) oversees the administration of the medical marijuana program in the state. It is responsible for issuing licenses and regulating the cultivation, processing, and sale of medical marijuana.
  • The Financial Crimes Enforcement Network (FinCEN) is a bureau of the US Treasury Department responsible for combating money laundering and terrorism financing.

At Safe Harbor Financial, we work closely with all relevant agencies to ensure we comply with all regulations. Our compliance team stays up-to-date on any changes to regulations and works proactively to ensure that our policies and procedures are comprehensive and industry-leading.

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Open your account today and take your cannabis business to the next level!

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Frequently Asked Questions

How do I join Safe Harbor Financial’s marijuana banking in Arkansas? +

Our doors are open to legal and legitimate CRBs. If you’d like to submit an application, you can do so via our website. Please follow these steps:

  1. Submit your application
  2. Document check and due diligence
  3. Interview, site inspection, and in-depth business review 

We also ask you to submit the relevant documentation when applying:

  • All business documents (including bylaws and operating agreements)
  • 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 us or the application process.

Do you have a loan program? +

Yes. To grow your CRB, you need access to a reliable, trusted source of financing specifically designed for Arkansas cannabis banking. SHF members can easily access our loan program via their financial advisor. For further information, please refer to our loan program page.

Do you serve all types of cannabis-related businesses? +

Yes. SHF welcomes all sectors of the industry affected by stringent federal regulations. Here’s a sample of the industry we cover:

  • Growers, manufacturers, and CBD extraction
  • Cannabis biotechnology firms
  • Dispensaries and retailers
  • Cannabis associations
  • Service companies
  • Cannabis industry consultants
  • Landlords and ancillary