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Iowa Cannabis Banking

Join our growing network of cannabis businesses and take advantage of the latest developments in Iowa Cannabis Banking.

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Are you a cannabis-related business (CRB) looking for a reliable and secure banking partner? Look no further than Safe Harbor Financial (SHF), an industry-leading bank with its specialized Iowa cannabis banking services.

Since 2015, SHF has provided comprehensive and secure banking services to CRBs across the US. We have a proven success track record, having processed over $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states nationwide.

Our team of experienced professionals understands the unique challenges that CRBs face in banking, and we’re dedicated to helping you navigate this complex industry. 

We offer a full range of services tailored to the specific needs of CRBs, including checking and savings accounts, online banking with 24/7 account access, personal financial advisors, electronic tax payments, consumer payments, cash management accounts, and more.

At SHF, we understand that navigating the world of cannabis banking in Iowa can be overwhelming. That’s why we offer industry-leading support and resources tailored to the unique needs of marijuana businesses, ensuring your success in the industry’s evolving landscape.  We are here to be your trusted partner and to help you achieve your goals.

Ready to take the next step? Apply for membership today and experience the SHF difference.

Iowa Marijuana Banking Services

At Safe Harbor, we provide a comprehensive range of banking services tailored to meet the specific needs of CRBs in Iowa. Our industry-leading services have been designed to help businesses navigate the challenges of the cannabis industry, making banking simple and hassle-free.

Our services include:

  • 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

Each service has been designed with CRBs in mind, allowing our clients to focus on growing their business while we care for the banking details. We understand the unique financial demands of businesses and work with our clients to provide customized solutions that meet their needs.

Marijuana and Hemp Banking in Iowa: Current Rules and Regulations

As of 2021, Iowa has very restrictive cannabis laws, with only medical marijuana legal in the state. The only medical marijuana legal in Iowa is medical CBD marijuana, with a cap of 4.5 grams per patient in a 90-day period.  Iowa’s CBD oil law only permits using cannabis oil with a maximum of 3% THC for treating chronic epilepsy and other qualifying conditions.

Despite the state’s strict cannabis laws, Safe Harbor Financial has been a trusted provider of Iowa marijuana banking services to CRBs for several years. The bank can do so because it complies with all state and federal laws and regulations. 

We adhere to rigorous compliance policies and procedures developed specifically for the industry. These policies and procedures have been designed to ensure the bank fully complies with all relevant state and federal laws and regulations.

Safe Harbor Financial understands that the hemp industry is highly regulated, and businesses in this industry face many challenges regarding banking. That’s why the bank has developed a comprehensive set of compliance policies and procedures designed to help CRBs operate compliant and transparently.

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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 apply for a Safe Harbor Financial membership’s marijuana banking in Iowa? +

We welcome applications from legal and legitimate cannabis-related businesses (CRBs). You can submit your application by following these steps:

  1. Fill out and submit your application
  2. Undergo document check and due diligence process
  3. Participate in an interview, site inspection, and in-depth business review

We require the following documentation with your application:

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

If you have any further questions about our application process or Safe Harbor Financial, please get in touch with our team.

Does Safe Harbor Financial offer a loan program? +

Yes, we understand the importance of access to reliable financing through Iowa cannabis banking to help grow your CRB. 

Our members can access our loan program through their financial advisors. For further information, please refer to our loan program page.

Does Safe Harbor Financial serve all types of cannabis-related businesses? +

Yes. We welcome all sectors of the marijuana industry that are affected by stringent federal regulations. Here are some examples of the sectors we cover:

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