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Idaho Cannabis Banking

Comprehensive Idaho Cannabis Banking Solutions for Businesses in the Industry.

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Safe Harbor Financial is a leading bank that provides comprehensive Idaho cannabis banking solutions for cannabis-related businesses (CRBs) throughout the United States.

Since opening in 2015, we have processed over $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states nationwide. Safe Harbor is dedicated to navigating the marijuana industry’s complex banking landscape and providing industry-leading solutions to CRBs.

We understand that finding reliable banking solutions can be a challenge for CRBs. That’s why we offer a range of services designed specifically for the needs of the cannabis industry, including checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

Nor do we solely serve businesses. Our services and expertise cover hemp and marijuana banking, from farmers to CBD stores. We’ve got the experience and knowledge to meet your needs no matter what. 

Get started today and see the difference for yourself.

Idaho Hemp Banking Services

We offer a range of services designed specifically for the needs of cannabis-related businesses in Idaho. So whether you’re looking for a basic checking and savings account or comprehensive financial planning, we’ve got you covered.

Our impressive range of financial services includes:

  • 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

Hemp and Marijuana Banking in Idaho: Current Rules and Regulations

We are committed to navigating these regulations and providing our clients with industry-leading services.

Here are the key laws and departments to keep in mind for cannabis banking:

  • Idaho Code Title 37: This code outlines the state’s laws regarding controlled substances, including marijuana and hemp.
  • Idaho State Department of Agriculture: The state’s agriculture department is responsible for overseeing the cultivation, processing, and sale of it.
  • Idaho Banking Department: This department regulates the state’s banking industry and ensures compliance with state and federal laws.

It is important to note that while marijuana is illegal in Idaho, hemp-derived products are legal under the 2018 Farm Bill. While banks may choose not to work with CRBs, we provide comprehensive hemp banking in Idaho tailored to the industry.

Safe Harbor’s experience navigating the complex regulations and laws surrounding cannabis banking allows us to provide our clients peace of mind. Our commitment to staying up to date on the latest developments in the industry ensures that our clients are always in compliance with state and federal laws.

By choosing us as your bank, you can feel confident in the safety and security of your funds. Whether you’re a start-up business or an established CRB, our team of experienced financial advisors is here to support you every step of the way. 

Contact us today to learn more about our services and how we can help your business thrive in the rapidly growing industry.

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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 Idaho? +

Becoming a member of Safe Harbor has never been easier. If you’re a legal and legitimate CRB, please submit your application via our website. Follow these 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 get in touch with our team for any further questions about Safe Harbor or the application process. 

Do you have a loan program? +

Yes. SHF members can apply for financing via our Idaho cannabis banking loans program. Please speak to your financial advisor for further information or see our loan program page.

Do you serve all types of cannabis-related businesses? +

Yes. Because federal prohibition affects all CRBs equally, we are open to every sector of the industry, including:

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