Baltimore Cannabis Banking

First opening in 2015, Safe Harbor Financial was conceived with a simple goal: to save the nascent cannabis industry from the clutches of the underbanking crisis. Because federal prohibition prevented major financial institutions from serving cannabis-related businesses (CRBs), many turned to disreputable financial organizations or operated solely in cash – neither option was optimal.

Enter Safe Harbor Financial: by bridging this divide, we provided much-needed financial services to a host of CRBs across the nation. In fact, we’ve processed more than $12 billion in cannabis-related funds, supported nearly 600 accounts, and operated in 20 states nationwide. 

Our Baltimore cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

With our guidance, your business can establish or expand itself – no matter whether you operate in the marijuana, hemp, or CBD sectors.

Let our expert team advise and support your business – contact us to learn more about becoming a member.

Experience unmatched marijuana banking in Baltimore

Despite the fact that the sale of recreational marijuana is illegal in Maryland, medical marijuana was legalized in 2013 through a state-regulated medical cannabis program. In addition, cannabis entrepreneurs can look to the hemp and CBD sectors for business ideas – as both substances are legal in the state.

Whether you’re interested in growing, selling, or processing legal cannabis and hemp, you’ll need a reliable cannabis financial institution to help you navigate the tumultuous waters of Maryland’s rules and regulations. That’s where Safe Harbor Financial comes in.

We’re highly experienced in working alongside legislators and regulators to provide our members with up-to-date regulatory guidance. Considering the size and importance of Baltimore, CRBs that remain within the confines of the law have numerous lucrative options – from export to health products.

Moreover, with our support, you’ll be perfectly positioned to capitalize on an untouched market if and when recreational legalization does occur. Considering the General Assembly has established a working group exploring possible ways to legalize recreational marijuana, it is a very real and imminent possibility.

Speak to our team about joining Safe Harbor Financial – we’re the only institutions with the experience to take your enterprise to the next level.