Oakland Cannabis Banking

Grow your business with Safe Harbor Financial. Join the industry-leading institution for unparalleled marijuana banking in Oakland. We serve cannabis, CBD, and hemp-related industries.
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Navigating the complex legal and regulatory landscape is challenging for all cannabis-related businesses. With major financial institutions unwilling to cater to cannabis businesses due to federal prohibition, Safe Harbor Financial stepped up.

Founded in 2015, we saw how underbanked firms struggled to succeed – no access to financing, no checking or savings account, and forced to trade exclusively in cash. With our support, such businesses gained access to all the necessary financial services, including consumer payment, 24/7 online banking, electronic tax payments, direct deposit payroll, and more.

If you’re searching for cannabis banking in Oakland, we’re ready to share our expertise and services to help you grow. We understand the challenges facing cannabis businesses, big and small. After seven years of supporting cannabis-related businesses, we’re ready to back Oakland’s thriving marijuana industry.

Let us elevate your business’s success – we’ve done it before.

Oakland cannabis banking services

We’ve seen how much cannabis-related businesses struggle without the right financial support – be it our range of financial services or a lack of capital investment. It’s why Safe Harbor Financial was conceived. Whether you’re a dispensary, cultivator, manufacturer, or another cannabis-related business, your personal banker can advise on all your financial options. Indeed, you’ll access our full range of services through them, 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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Discover marijuana banking in Oakland

California was among the first states to legalize cannabis medicinally in 1996 and recreationally in late 2016. Yet, despite the legal changes, cannabis companies still find themselves underbanked – some are even forced to pay their taxes in cash. It’s a major concern for such businesses, as they become a target for theft and fraud.

Safe Harbor Financial understands the difficulties of cannabis banking in Oakland. As a leading cannabis banking institution, we’re responsible for over 600 accounts. We supported our clients throughout the changes to the regulatory landscape – ensuring their money stays protected. With access to our industry-accredited experts, cannabis-related businesses can experience success, even applying for loans to expand into new markets.

We believe there is further innovation and opportunities for the Californian cannabis industry. With the adoption of the pioneering Cannabis Appellations Program, companies have the chance to promote regional cannabis goods. As an innovator of cannabis banking in Oakland, we appreciate the importance of seizing such opportunities – and you can with Safe Harbor Financial’s support and advice.

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Open your account today to elevate your success!

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Frequently Asked Questions

How can I access your financial services? +

To join Safe Harbor Financial, you’ll need to complete the application process: (1) submit your application, (2) document check and due diligence, and (3) an interview, site inspection, and in-depth business review.

Alongside your application form, you’ll also need to submit:

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

For any further questions about Safe Harbor or the application process, please contact our team.

What kind of cannabis-related businesses do you serve? +

All of them. Our full range of services is available to all kinds of cannabis-related businesses across the marijuana, CBD, and hemp sectors. In addition to cannabis banking, we also provide bespoke hemp banking in Oakland.

Here are the types of businesses we serve:

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

Can I apply for a loan from Safe Harbor Financial? +

Yes. Please submit a loan application via our website. We understand the challenges of finding a reliable source of investment. It’s why our cannabis business loans are open to all related businesses.

We will need the following information:

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

We’ll try to process your application as soon as possible – our target turnaround is 30 days. Please ensure you are available for interviews and other inspections to speed up the process.