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California Cannabis Banking

Discover the best marijuana and hemp banking in California with Safe Harbor Financial. We’re one of America’s fastest-growing cannabis banks.

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While California cannabis banking is legal, cannabis-related businesses (CRBs) across the state struggle to access much-needed financial services. Major financial institutions refuse to serve CRBs due to federal prohibition. Unable to open a bank account or file taxes electronically, running a CRB becomes a daily battle.

Safe Harbor Financial was established in 2015 to end this divide. Beginning in Colorado, we’ve expanded nationwide, supporting numerous CRBs across all sectors of the industry. We’ve processed $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states nationwide. 

Few financial institutions deliver our quality services; none for the cannabis industry. Our services for cannabis banking in California include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

Under our guidance, CRBs receive a personal financial advisor, our collection of financial services, informed regulatory advice, and even access to our loan program. 

Become a member of one of the US’s leading cannabis banks – get ready to join Safe Harbor Financial today.

California Cannabis Banking services

Safe Harbor Financial ensures our members can access everything they need to succeed. Our dedicated cannabis services are tailored to your requirements. So whether you need round-the-clock advice from your personal banker or regulatory guidance based on the latest pronouncements, we’ve got you covered. Indeed, we’ve spent the past eight years helping CRBs overcome every challenge the industry poses. 

Our California cannabis financial services include:

  • 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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Marijuana banking in California: Current rules and regulations

Cannabis in California has been legal medicinally since 1996 and recreationally since 2016. California stands at the forefront of attempts to liberalize cannabis laws in the US. As a result, the state boasts one of the most advanced and mature cannabis markets worldwide. 

Advanced biotech firms and novel cannabis food manufacturers (e.g., edibles, drinks, gummies) increasingly call the state home, utilizing the world-class graduates and welcoming regulatory environment.

Companies must obtain a license to grow, test, or sell cannabis. Indeed, since legalization, cannabis has been estimated to be the largest cash crop in the state, valued at more than $11 billion. Such widespread cultivation and consumption translate to the local culture – for example, in 2019, Outside Lands Music and Arts Festival became the first to sell cannabis legally. 

Succeeding and expanding in a mature cannabis market is something few, if any, cannabis banking and other financial institutions other than Safe Harbor are familiar with. We’re highly experienced in navigating Colorado’s cannabis industry and ready to share our expertise with Californian companies. 

Become our next success story – speak to our team about joining Safe Harbor Financial today. 

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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’s marijuana banking in California? +

All legal and legitimate CRBs can apply to join Safe Harbor via our website. Please complete the following 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 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 Safe Harbor or the application process. 

Why do I need cannabis banking in California? +

Forced to handle large volumes of cash due to underbanking, CRBs are increasingly a target for criminals. Whether you’re concerned about armed robberies or just paying taxes in cash, the answer is reliable, accessible financial services. Safe Harbor Financial will protect your money from thieves, and we’ll provide trusted regulatory information so you never fall on the wrong side of the law. 

Don’t battle alone. We’re ready to elevate your business, protect your finances, and secure your future.

Do you have a loan program included in your California cannabis banking services? +

Yes. SHF members can apply for a loan through their personal advisor. We will attempt to review your application within 30 days after receiving all relevant documentation. 

Please see our loan application page or call us today for more details.