Fort Smith Cannabis Banking

Gain access to unparalleled marijuana and hemp banking in Fort Smith. Safe Harbor Financial is one of the nation’s foremost cannabis banks, committed to serving all sectors of the cannabis industry.
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Founded in 2015, Safe Harbor Financial was conceived as a solution to the underbanking crisis in the cannabis industry. Due to federal prohibition, major financial institutions are prevented from serving cannabis-related businesses (CRBs), irrespective of the state’s laws.

Safe Harbor Financial exists to bridge this divide. As a dedicated cannabis bank, we’ve got the necessary expertise and financial services to help businesses navigate the complex rules and regulations governing marijuana and hemp banking in Fort Smith.

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

No longer do Fort Smith CRBs need to operate solely in cash or rely on disreputable financial institutions. With our memberships, you’ll gain access to reliable financial services, renowned regulatory advice, and personalized banking.

Let us know if you’re ready to capitalize on success – speak to our team about becoming a member.

Fort Smith cannabis banking services

We understand that accessing financial services isn’t a luxury; it’s essential. That’s why we spent the past seven years working alongside CRBs to develop our range of financial services. From checking accounts to our loans program, we’re proud to deliver much-needed services to CRBs. All our bank members can access our full range of financial services, including:

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

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Achieve success with marijuana banking in Fort Smith

With recreational cannabis illegal in Arkansas and the federal government preventing access to financial services, it seems CRBs in Fort Smith have little room to maneuver. That’s true. However, medicinal marijuana, hemp growing, and CBD extraction all provide avenues for cannabis entrepreneurs to break into this fledgling industry.

Navigating these rules isn’t simple, though. Local CRBs need a cannabis financial institution with experience handling complicated legislation and regulation. Here at Safe Harbor, we work alongside legislators, regulators, and law enforcement to ensure we provide our members with accurate and reliable guidance.

We’re also experienced in shepherding business from the early stages of legalization through to maturity – we’ve done so with dozens of Colorado CRBs. So, if and when recreational marijuana is legalized, you’ll be perfectly positioned to capitalize on your success.

No matter your sector, our strong reputation for regulatory advice and personalized banking means Safe Harbor is the dream financial institution for all CRBs.

Contact our expert team to join the family of businesses. We’re ready to deliver unparalleled marijuana and hemp banking in Fort Smith.

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Open your account today to elevate your success!

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Frequently Asked Questions

How to join Safe Harbor Financial? +

Please submit an application to become a Safe Harbor member. You’ll need to complete three simple steps: (1) submit your application, (2) a document check, (3) an interview, site inspection, and an in-depth business review.

As part of the application process, please submit the following:

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 the application process.

Why is cannabis banking in Fort Smith important? +

All businesses need financial services to survive. In the case of CRBs, however, financial institutions provide regulatory support and capital investment. That allows businesses to trade within the confines of the law and to grow into new markets as and when they appear.

In addition, cannabis banks protect your money, preventing you from needing to operate solely in cash. Cash-rich businesses are a prime target for thieves and fraudsters, increasing the need and cost of security. With Safe Harbor Financial, you can rest easy, knowing we’ve got your money protected.