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Rockford Cannabis Banking

Experience the success and security of Safe Harbor Financial’s marijuana and hemp banking in Rockford. We’re an industry leader delivering personalizing banking and regulatory advice.

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Charting your way through the tumultuous waters of the cannabis industry is never easy for cannabis-related businesses. Part of the challenge is the ongoing underbanking crisis. While Illinois has opened its doors to the marijuana industry, federal prohibition prevents major financial institutions from accepting cannabis accounts.

In 2015, Safe Harbor Financial was formed to deliver incredible financial services and regulatory advice to the nascent cannabis industry. Under our watch, we’ve processed more than $12 billion in cannabis-related funds, managed over 600 accounts, and operated in 20 states. 

Fed up with seeing cannabis businesses forced to either operate in cash or turn to disreputable financial organizations, we’ve spent the past seven years expanding our expertise and experience. Nor are we solely focused on dispensaries; we also provide CBD and hemp banking in Rockford. 

When you join Safe Harbor, you’ll gain access to checking and savings accounts, online banking, consumer payments, electronic tax payment, direct deposit payroll, and much more.

Speak to our team about joining one of America’s top cannabis financial institutions. 

Rockford cannabis banking services

Reliable financial services, rigorous regulatory advice, and round-the-clock guidance are at the heart of Safe Harbor’s promise to its clients. From basics like checking accounts or payroll to electronic tax payments, our cannabis banking solutions are tailored to the needs of your business. Through these personal advisors, you can access our full range of 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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Access the best marijuana banking in Rockford

Rockford, like the rest of Illinois, saw recreational marijuana become legal in 2019, following the Illinois Cannabis Regulation and Tax Act. It was the first time a state had legalized recreational sales by an act of the state legislature. 

Nicknamed the “Forest City” for its gardens and parks, Rockford is likely to experience another green resurgence – the burgeoning cannabis industry. 

Across the whole of Illinois, retail sales of recreational cannabis average an estimated $40 million in monthly revenue. More impressive, at maturity, the state is expected to generate between $2 to $4 billion in annual revenue. While Rockford is a smaller city, it can enjoy a sizable piece of the pie with the right guidance.

We’ve already guided Colorado’s cannabis industry to maturity – we’re ready to do it again. With new opportunities arising by the date, we’re here to advise and guide your business to fulfill its potential.

Ready to experience unmatched cannabis banking in Rockford? Call us for further details. 

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Open your account today to elevate your success!

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Frequently Asked Questions

How do I join Safe Harbor Financial? +

New additions are always welcome at Safe Harbor. Please follow the application process when joining:

  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 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 Safe Harbor or the application process.

Do You Have A Loan Program? +

Yes. Our loan program is designed to support cannabis businesses as they expand and thrive. We aim to review all applications within 30 days. If you’re a member of the bank, please speak to your personal advisor in advance.

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
Why is cannabis banking in Rockford so important? +

When you’re expanding your cannabis business, you need guidance and capital. Whether it’s our personal banker, regulator rigor, or loan program, we’ve got the experience and services to deliver. Learn from our lessons to help Colorado’s nascent cannabis industry, and take your business to the next level.