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Hawaii Cannabis Banking

Succeed with industry-leading Hawaii cannabis banking from Safe Harbor Financial. Become a member of America’s foremost cannabis bank.

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Navigating the tumultuous waters of cannabis banking is no less tricky than sailing Hawaii’s Pacific Ocean. For cannabis-related businesses (CRBs), accessing basic financial services, like checking accounts or capital investment, is impossible through major financial institutions due to federal prohibition. Regardless of state legality, CRBs nationwide struggle to function and succeed. 

Safe Harbor Financial was founded to bridge this divide, saving CRBs from the clutches of underbanking. We’re a dedicated cannabis bank renowned for high-level regulatory support and impressive financial services.

No one is more experienced than us in cannabis banking in Hawaii. We’ve processed more than $12 billion in cannabis-related funds. Moreover, we’ve managed nearly 600 accounts and operated in 20 states nationwide.

We’ve earned a reputation for our reliable collection of financial services. Our Hawaii cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

We’re open to every sector of the cannabis industry, from cannabis dispensaries to hemp farmers. No matter your industry, we have the expertise to help you succeed.

Hawaii Cannabis Banking Services

Financial services aren’t a luxury — they’re a necessity. Our members gain access to the best financial services on the market — each tailored to the cannabis industry. But we go one step further. 

We assign every member a personal advisor to provide round-the-clock advice and regulatory support. They’ll guide you through our services, including our generous loans program. They receive up-to-date regulatory advice straight from industry insiders such as legislators and law enforcement officials to keep your business on the right side of the law.

Our Hawaii Cannabis Banking Services Include:

  • 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

Marijuana banking in Hawaii — Current rules and regulations

Recreational cannabis remains illegal in Hawaii. Decriminalization allows possession of up to three grams but not the sale of recreational cannabis. In 2000, Hawaii became the 8th state to legalize medical cannabis; however, it did not establish any legal market.

It wasn’t until 2015 that the Medical Cannabis Dispensary Program was created. Dispensaries, approved by Hawaiian authorities, began selling cannabis from 2017 onwards. Legalization attempts of recreational cannabis continue, though a 2019 bill died in the House of Representatives. 

Nevertheless, THC-containing products, such as gummies and even brownies, are available. Hemp, meanwhile, has a complicated legal status even for hemp banking in Hawaii. The federal 2018 Farm Bill allowed the production of hemp nationwide. 

Hawaii had earlier launched a pilot program to oversee the cultivation of industrial hemp for research purposes, later removing criminal and civil sanctions for the “planting, growing, harvesting, possessing, processing, selling, or buying” of industrial hemp.

What’s needed is a cannabis bank experienced in both a fledgling cannabis industry and industrial hemp production. Safe Harbor Financial has supported businesses in these circumstances nationwide. 

Join Safe Harbor Financial today – we’ll help your business succeed with industry-leading advice and services.

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

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Frequently Asked Questions

How do I join Safe Harbor Financial’s cannabis banking in Hawaii? +

Legal and legitimate CRBs are welcome to submit an application via our website. Please complete the following steps:

  1. Submit your application
  2. Document check and due diligence
  3. Interview, site inspection, and in-depth business review

We also ask you to submit the relevant documentation when applying:

  • All business documents (including bylaws and operating agreements)
  • Your marijuana license or certificate and a complete copy of your license application
  • Your IRS EIN Certification Letter

Please contact us for any further questions about Safe Harbor or the application process.

Do you have a loan program for your hemp banking in Hawaii? +

Yes. Safe Harbor Financial members can apply for loans through their personal advisors. Once we’ve received all the required application documents, we’ll try to provide a decision within 30 days. 

You’ll need to submit the following documents when applying:

  • 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

Please see our loan application page for further information.

What kinds of cannabis-related businesses do you serve? +

All of them. We’re experienced in all sectors of the cannabis industry for Hawaii cannabis banking. Federal prohibition restricts financial services for every CRB. We’re here to bridge this divide for: 

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