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Des Moines Cannabis Banking

Discover personalized marijuana and hemp banking in Des Moines. We’re ready to take your cannabis-related business to the next level.

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Across Iowa and beyond, the nascent cannabis industry is struggling to access banking services. Due, in part, to the federal government’s stance on cannabis prohibition, major financial institutions cannot serve cannabis-related businesses (CRB) for fear of prosecution. Without anywhere to turn, CRBs are forced to either trade solely in cash or misrepresent their business.

That’s why we established Safe Harbor Financial in 2015 – as a remedy to the underbanking crisis. Through our impressive cannabis banking in Des Moines and beyond, we’ve opened our doors to hundreds of CRBs in dire need of financial support across more than 20 states nationwide. 

Over the past seven years, we’ve earned a reputation for regulatory competence, personalizing banking, and a collection of superb financial services. Our Des Moines cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

Learn more about becoming a member of Safe Harbor Financial by speaking to our team. You no longer need to struggle without financial support – join one of America’s leading cannabis banks today.

Albany cannabis banking services

Financial services are the backbone of many businesses. From paying vendors to electronic payments to filing taxes online, accessing reliable and trusted financial services can revolutionize even struggling CRBs.

These industry-accredited professionals will learn your business inside-out as well as the rules governing marijuana and hemp banking in Des Moines. 

Other financial services you’ll gain access to 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
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Trusted marijuana banking in Des Moines

Des Moines, under the Iowa state legislature, has a complicated relationship with cannabis. While it remains illegal for recreational use, medicinal marijuana is allowed for retail sale. In addition, CBD oil forms an increasingly important industry in the state, as the law continues to liberalize; and the Iowa Hemp Act of 2019 opened the door for farmers and retailers to begin growing and selling hemp (so long as it contained 0.3% or less of THC).

Navigating these complicated rules is even more challenging, given their constantly changing nature. Nonetheless, CRBs can still be successful, prosperous, and growth-minded with the support of an experienced cannabis financial institution.

Safe Harbor Financial has already negotiated complex legal frameworks across 20 states nationally, including shepherding Colorado’s nascent cannabis industry to maturity. Moreover, with public support in Iowa now in favor of recreational legalization, CRBs who choose Safe Harbor will be best placed to take advantage of the situation should Des Moines become a cannabis-friendly city. 

Become a member today and enjoy unrivaled marijuana and hemp banking in Des Moines.

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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? +

If you’re a legal and legitimate CRB, you’re more than welcome to apply to join. Please follow the application process:

  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.

Why is cannabis banking in Des Moines important? +

Cannabis banking keeps your business protected in more ways than one. First, it reduces the risk of theft or burglary by removing cash from the site; and second, it protects your business from government, federal, or state regulations.

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

Here are the types of business we serve:

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