Florida Cannabis Banking

Uncover tailored cannabis banking services with Safe Harbor Financial. Kickstart your business with our reliable support and personalized service.
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Embarking on the financial journey as a cannabis-related business (CRB) in Florida can be thrilling. Federal restrictions have created unique challenges, causing central banks to shy away from CRBs to avoid legal complexities and bureaucratic entanglements. That’s where our Florida cannabis banking solutions come in and add value.

This dynamic landscape has led CRBs to adopt innovative approaches, including cash-based operations, but there’s a brighter path ahead.

Enter Safe Harbor Financial, your beacon of hope and innovation. We’re well-versed in the intricacies of your journey, offering a legal and reliable financial alternative to most CRBs in Florida and its neighboring areas. With our roots originating in Colorado in 2015, we’ve played a pivotal role in nurturing the flourishing cannabis industry.

Over the years, our cannabis banking in Florida has impressively processed over $12 billion in cannabis transactions, managed nearly 600 accounts, and expanded our influence to 20 states nationwide.

Place your trust in a local institution brimming with experience. Join the Safe Harbor family and catapult your cannabis business with unprecedented financial support. Your future in the industry begins here.

Florida Cannabis Financial Services

Unlock financial freedom in Florida’s dynamic business arena. We are managing payroll intricacies, securing cannabis dispensary bank loans, or navigating hemp industry loans, all demand-tailored financial solutions.

Safe Harbor is your partner, not just an advisor, guiding you through ever-evolving regulations. Our synchronized regulatory guidance offers real-time updates in partnership with authorities.

No more generic solutions. Each business has a dedicated hemp banking in Florida champion for personalized cannabis banking assistance. Bid farewell to call center frustrations and lengthy explanations of your unique needs.

Our members access finely-tuned financial services, empowering them to thrive in Florida’s intricate economic landscape. Your journey to success starts here.

Our cannabis banking services include:

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

Efficient Cannabis Banking Partner in Florida

Despite the surge in Florida’s marijuana dispensaries following the legalization of smokable medical marijuana in 2019, running a successful cannabis business isn’t as straightforward as it may seem. The cannabis industry faces unique challenges, the most prominent being the severe limitations on banking options.

Dennis Oils, CFO of Cresco Labs, the parent company of Sunnyside medical cannabis dispensaries, explains, “Due to cannabis’s federal non-approval status, most financial institutions nationwide have issues with cannabis banking in Florida. These institutions prohibit banking services for the industry.”

This move includes essential functions like credit card processing, which remains prohibited across the United States due to the substance’s unapproved status at the federal government level, preventing secure and insured transactions with cannabis companies.

Become a part of Florida’s thriving cannabis business community. Whether you specialize in vapes, edibles, beverages, biotech, or more, we’re here to assist you in navigating evolving regulations and accessing legal investment opportunities.

Secure the essential tools for success and embark on your journey to marijuana banking in Florida.

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

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Frequently Asked Questions

What Are the Steps to Apply at Safe Harbor Financial? +

Begin your journey with us by completing an application on our website. Afterward, our team will diligently review your documents and perform necessary due diligence. We’ll then arrange an interview, visit your site, and conduct a thorough business assessment.

If you have inquiries about the application process or wish to learn more about Safe Harbor Financial and our services, our team will guide you as you embark on your hemp banking in Florida.

What Loan Programs Do You Have? +

Safe Harbour Financial’s exclusive loan program is tailored for our bank members, offering many benefits. We encourage you to explore the specifics by consulting your financial advisors or visiting our dedicated loan program page.

After you’ve submitted your application, we will initiate a comprehensive business review and document check, with the entire process typically concluding within 30 days.

Do You Cater to All Types of Cannabis Business? +

Indeed, we’ve got your back regardless of the type of cannabis business you run. At Safe Harbor Financial, we’re fully aware of the hurdles the current legal landscape presents. We’re dedicated to offering dependable Florida cannabis banking services to all cannabis businesses.

Our wealth of experience in cannabis banking extends to a wide range of sectors, including:

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

We’re here to provide tailored support, no matter where you fit in the cannabis industry.