× Close

Colorado Cannabis Banking

Comprehensive Colorado Cannabis Banking solutions for businesses in the industry.

Get Started Here

Welcome to Safe Harbor Financial, Colorado’s leading cannabis bank. Our mission is to provide comprehensive and industry-leading financial services to the marijuana industry. We fully understand the unique challenges of navigating Colorado Cannabis Banking and are fully committed to assisting our clients in achieving success.

Safe Harbor Financial was founded in 2015 and has become a trusted partner to CRBs throughout the United States. We have processed over $12 billion in cannabis-related funds, managed nearly 600 accounts, and have a presence in 20 states nationwide.

Our team of experienced professionals is committed to providing personalized and effective solutions to meet the financial needs.

We believe in the power of partnership. That’s why we offer a range of services designed to support the growth and success of CRBs. From checking and savings accounts to online banking and investment options, our institution offers a wide range of services tailored specifically for cannabis banking in Colorado.

Our extensive expertise and specialized tools empower our clients to navigate the industry’s complexities confidently and easily.

So, if you’re looking for a partner to help grow your cannabis business, look no further than Safe Harbor Financial. Let us help you take your business to the next level.

Colorado Marijuana Banking Services

Our services are designed to help CRBs manage their finances with ease and confidence. Whether you’re looking for checking and savings accounts, online banking, personal financial advisors, or a comprehensive range of cash management options, we have you covered.

We’re proud to offer the following services to our Colorado clients:

  • Checking and savings accounts
  • Online banking with 24/7 account access
  • Personal financial advisors
  • Electronic tax payments
  • Consumer payments
  • Cash management accounts
  • Cash pick-up and delivery services
  • Investment options
  • Employee accounts
  • Direct deposit payroll
  • ACH payment and origination options
  • Wire services
  • Financing

Marijuana and Hemp Banking in Colorado: Current Rules and Regulations

Navigating the legal landscape for marijuana businesses can be challenging, especially when it comes to banking. That’s why we are committed to being your trusted solution for cannabis banking. Our team of experts stays up-to-date on the latest regulations and industry developments, so you can focus on running your business.

As you probably know, cannabis is still illegal under federal law. However, Colorado has legalized both the medical and recreational use of marijuana, and hemp has been legal nationwide since 2018. These different laws, particularly those related to Colorado hemp banking, can confuse CRBs. Therefore, it’s essential to understand what you can and cannot do.

The Colorado Department of Revenue’s Marijuana Enforcement Division (MED) oversees the regulation of the hemp industry in the state. The MED requires all CRBs to have a licensed location, maintain accurate records, and comply with state and local laws. 

Additionally, the Federal Financial Institutions Examination Council (FFIEC) provides guidance to banks and credit unions on their responsibilities when serving cannabis-related businesses.

We have a deep understanding of these rules and regulations and are industry-leading in providing banking services to CRBs in Colorado. We help you stay compliant with the law and ensure your business can operate smoothly and securely. 

Whether you need to open a checking account, make electronic tax payments, or access investment options, Safe Harbor has you covered.

Open Your Account

Open your account today and take your cannabis business to the next level!

Open Your Account

Frequently Asked Questions

How do I join Safe Harbor Financial’s marijuana banking in Colorado? +

Legal and legitimate CRBs can apply to join via our website. Please follow these steps:

  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 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. 

Do you have a loan program? +

Yes.  Our generous loan program, specifically designed to support businesses in the Colorado cannabis banking industry, is available to all SHF members through their financial advisors.

See our loan program page for further details.

Do you serve all types of cannabis-related businesses? +

Yes. Federal prohibition affects all CRBs equally, even ancillary businesses. That’s why our doors are open to all sectors of the cannabis industry.