Farmington Cannabis Banking

We founded Safe Harbor Financial in 2015 to save the cannabis industry from the clutches of the underbanking crisis. Despite Michigan legalizing recreational cannabis in 2018, federal prohibition prevents major financial institutions from serving cannabis-related businesses (CRBs). That’s a significant ongoing challenge plaguing the nascent industry – irrespective of the state’s laws.

Safe Harbor Financial bridges this divide: as an industry-leading financial institution, we’re perfectly positioned to help your business succeed. Whether it’s our bespoke financial services or reliable regulatory advice, SHF delivers cannabis banking in Farmington like no other financial institution.

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

In the past seven years, we’ve earned a reputation for our unparalleled financial services – now, you can access them too. Become a member of Safe Harbor Financial by speaking to a member of our team – we’re ready to transform your business.

Experience superior marijuana banking in Farmington

In 2018, the initiative to legalize recreational marijuana was passed under the Michigan Regulation and Taxation of Marijuana Act. From December 2019, businesses across the state could begin selling recreational cannabis. As with most states, the government has collected hundreds of millions in taxes from recreational cannabis sales. In 2021, they even reinvested the profits, giving municipalities over $56,000 for every recreational retail location within its boundaries – it’s a major incentive for change.

Farmington, Michigan, is a historic downtown located within the Detroit metro area. It’s ranked numerous times as one of the best places to live in the US. For cannabis entrepreneurs, it’s a golden opportunity. Whether that be opening dispensaries for the local area or basing a grow operation or ancillary business that serves the wider region.

What’s needed is an experienced cannabis financial institution that can help guide fledgling businesses to maturity. Safe Harbor Financial has already played a pivotal role in the success of Colorado’s cannabis sector; and we’re ready to share our services and lessons with Farmington.

We’re more than a cannabis bank. We’re an innovative financial institution supporting cannabis-related businesses at the heart of their communities. Speak to our team about joining today.