Established in 2015, Safe Harbor Financial has a single goal: to save the nascent cannabis industry from the clutches of the underbanking crisis. Despite medical or recreational marijuana being legal in many states, federal prohibition prevents major financial institutions from interacting with cannabis-related businesses (CRBs). That leaves CRBs in the odd situation of being legally allowed to open but lacking the support needed to thrive.
Seven years on, Safe Harbor is now a lifeline to hundreds of CRBs, helping to support the fast-growing industry. We’ve created a range of cannabis banking services designed to meet the cannabis industry’s specific needs. Our Fargo cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.
Small wonder that we’ve earned a nationwide reputation for our excellence.
Operating in 20 states, we’ve processed more than $12 billion in cannabis-related funds across nearly 600 accounts. There’s still more left to do. We’re now accepting applications for marijuana and hemp banking in Fargo.
Let our team advise and support your CRB – join the Safe Harbor family today.