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Berkley Cannabis Banking

Grow and succeed with Safe Harbor Financial’s marijuana and hemp banking in Berkley. We’re an industry leader in personalized banking and reliable regulatory guidance.

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Navigating the cannabis industry is challenging enough, but doing so without financial services is impossible. Yet, that’s the reality for too many cannabis businesses. While recreational cannabis was legalized in Michigan in 2018, federal prohibition prevents major financial institutions from serving the burgeoning industry.

Enter Safe Harbor Financial: Tired of seeing the cannabis industry struggle without support; we took the opportunity to fill the gap in the market. 

Since 2016 we’ve managed nearly 600 accounts, processing over $12 billion in cannabis funds, and operated in 20 states nationwide. Small wonder that we’ve earned a reputation for superb financial services, tailored cannabis banking, and reliable regulatory advice. 

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

Nor are we solely dedicated to a single industry. Our expertise spans CBD, hemp, marijuana, and ancillary businesses. Speak to our team about becoming a member of one of America’s top cannabis banks.

Berkley cannabis banking services

Rigorous financial services, round-the-clock expertise, and reliable regulatory advice are the heart of our promise. We’ve spent seven years evolving our financial services and support to meet the desperate needs of the cannabis industry. In addition to our personal bankers, you can also access 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
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Gain access to the best marijuana banking in Berkley

Located north of Detroit and a stone’s throw from the Canadian border, Berkley is a relatively small city. Despite its size, it boasts a thriving cultural scene featuring local stores and shops, art festivals, summer festivals, and more.

Given its success and proximity to major metropolitan centers, Berkley is an ideal location for all cannabis-related businesses, from dispensaries serving the local community to growing operations supplying businesses across Michigan. 

What’s needed is the right support and marijuana banking in Berkley. With the state already collecting hundreds of millions annually in taxes, the cannabis sector is a booming part of the Michigan economy. Plus, the state government in 2021 returned over $56,000 to municipalities for every recreational cannabis retail location within its boundaries. That further incentives local support – there’s never been a better time to invest.

After guiding Colorado’s nascent cannabis industry to maturity, we’re ready to share our lessons and services with Berkely and beyond. If you’re ready to seize the opportunity, speak to our team about becoming a valued member. Under our guidance, your business can reach its potential.

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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? +

All legitimate cannabis-related businesses are welcome at SHF. Please fill out an application:

  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 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.

Do you have a loan program? +

Yes. Our loan program is available exclusively to bank members. We offer competitive interest rates to expanding businesses; and we attempt to review all applications within 30 days. Please speak to your personal banker about this opportunity.

You’ll need to submit the following documents when applying:

  • All business documents and relevant information
  • Tax ID number
  • A brief description of the use of funds
  • Business License
  • Type of loan needed
  • Personal credit history