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Grand Rapids Cannabis Banking

Experience unparalleled marijuana banking in Grand Rapids with Safe Harbor Financial. Our industry-leading financial services are available to cannabis, CBD, and hemp businesses.

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Navigating the complicated legal landscape of cannabis regulations is challenging for cannabis-related businesses. Even worse, many such businesses struggle to find adequate financial services, as all major financial institutions are unwilling to provide banking to cannabis-related businesses.

That’s where Safe Harbor Financial comes in.

After being founded in 2015, we’ve spent the past seven years earning a reputation for regulatory excellence and unmatched personalized banking. We’ve helped hundreds of cannabis businesses develop from fledgling companies to secure, prosperous enterprises. In fact, we’ve processed more than $12 billion in cannabis-related funds.

All our clients gain access to our impeccable services, including checking and savings accounts, online banking, consumer payments, electronic tax payment, direct deposit payroll, and much more.

Let us know if you’re ready to take your business to the next level – we’re a leading institution for marijuana and hemp banking in Grand Rapids.

Grand Rapids Cannabis Banking Services

Your cannabis company needs access to adequate financial services to thrive: it’s not a luxury; it’s a necessity. We were founded with the sole aim to bridge the divide between federal and state rules regarding cannabis – ensuring our clients remained 100% regulatory compliant. Under their guidance, you can access all our 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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Succeed and grow with marijuana banking in Grand Rapids

Michigan, and by extension Grand Rapids, was at the forefront of the US cannabis industry’s renaissance. After legalizing medical marijuana in 2008 through the Michigan Compassion Care Initiative, recreational cannabis use was legalized just under a decade later in 2018. The first state-licensed sales of recreational cannabis began in December 2019.

With the recreational sales of marijuana in their infancy in the city, many businesses are still in the process of establishing themselves. What’s needed is an experienced Grand Rapids cannabis banking institution to facilitate the growth and development of this nascent industry.

Safe Harbor Financial already served such a role in Colorado. There, it helped businesses navigate the tumultuous waters of cannabis regulations – now we’re ready to share what we learned.

We’re not just another banking institution; we’re part of the community. Our mission is dedicated to supplying financial services to all cannabis-related businesses so that they need not struggle through the earlier financial difficulties.

Let us help you succeed and grow – contact our team to join Safe Harbor Financial.

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Open your account today to elevate your success!

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Frequently Asked Questions

What do I need to join Safe Harbor Financial? +

You can join Safe Harbor Financial by submitting an application via our website. The process involves three simple steps: (1) submit your application, (2) conduct a document check, (3) interview, site inspection, and an in-depth business review. 

As part of the application, please submit:

  • 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
Does Safe Harbor Financial provide loans? +

Yes. In addition to the services described above, Safe Harbor Financial also offers a substantial loan program – supplying businesses with the capital needed to grow.

As part of your loan application, you’ll need to submit the following documentation:

  • All business documents and relevant information
  • Tax ID number
  • A brief description of the use of funds
  • Business license
  • Type of loan needed
  • Personal credit history
Why is marijuana banking in Grand Rapids important? +

Without the proper financial support and advice, businesses risk turning to unscrupulous lenders and organizations or misrepresenting their business to gain access to major financial institutions. 

Even worse, conducting business exclusively in cash attracts the unwanted attention of thieves and fraudsters. 

Instead of risking your profits and right to do business, choose a bank you can rely on – choose Safe Harbor Financial.