× Close

Chicago Cannabis Banking

Discover our remarkable financial services and marijuana banking in Chicago. We’re ready to support your business with our expert advice and regulatory support.

Learn More

Expanding your business in the cannabis industry relies on having easy access to financial services. Whether it be opening a checking account or setting up electronic payroll, Safe Harbor has the full range of services needed to help your business grow.

With most cannabis businesses being underbanked, Safe Harbor was established to step into the void left by the major financial institutions. Indeed, while the recreational sale of cannabis is legal in Illinois, federal prohibition prevents access to the top banks. 

Over the past seven years, Safe Harbor Financial has worked tirelessly to bridge this divide. We’ve processed more than $12 billion in cannabis-related funds, managed hundreds of accounts, and operated in over 20 states nationally.

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

Contact our expert team for more information about joining Safe Harbor Financial. With our help, we can take your business to the next level.

Chicago cannabis banking services

When you’re running a business, financial services are a part of everyday life: paying bills, accepting consumer payments, and sending taxes electronically. Only once you’re without these services do you appreciate how fundamental they are. 

Whenever you need their help, they’ll only be a text, email, or phone call away. No more call centers. No more automated messages. Just cannabis banking on demand. Among the services available 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
Open Your Account

We’re at the forefront of marijuana banking in Chicago

As Illinois’s principal city, medical and recreational cannabis is legal in Chicago. After decriminalization in 2016, and recreational legalization in 2019, Chicago is beginning to develop a burgeoning cannabis industry. More than 700 applications were submitted as part of the second round of newly awarded dispensary licenses; and $3.2 million was spent on the first day of legal recreational sales. 

With a colossal population and vibrant tourism industry, Chicago is perfectly situated to become a major cannabis hub in the Midwest. It already led the nation by being the first state to legalize recreational sales by an act of the state legislature.

It’s expected that when fully mature, the Illinois cannabis industry will generate $2 to $4 billion in annual revenue – the majority in Chicago. To take advantage of this opportunity, cannabis businesses will need to partner with an institution capable of navigating the growing market and ensuring complete regulatory compliance.

Open Your Account

Open your account today to elevate your success!

Open Your Account

Frequently Asked Questions

How do I join Safe Harbor Financial? +

New additions are always welcome at Safe Harbor. Whether you’re a fledgling business or you’ve got prior experience, we’ll need to complete the following application process:

  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.

Why is cannabis banking in Chicago so important? +

Risking running your business without cannabis banking is a dangerous prospect. Without a reliable bank, you’ll be at the mercy of thieves and fraudsters who are increasingly aware of cash-rich marijuana businesses. 

Moreover, to take advantage of the Chicago cannabis market, you’ll need advice, expertise, and assistance from a reliable cannabis bank like Safe Harbor. You’ve only got one shot.

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

All kinds of cannabis-related businesses are welcome. From dispensaries to ancillary businesses, so long as you’re operating in the cannabis industry, you have access to marijuana and hemp banking in Chicago. 

Here are the types of business we serve:

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