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Sioux City Cannabis Banking

Succeed with Safe Harbor Financial’s industry-leading marijuana and hemp banking in Sioux City. Become a member today.

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Navigating the cannabis industry is already a challenge; doing so without financial services is a perpetual headache. That’s the reality for many cannabis-related businesses (CRBs) struggling to survive. Because of the federal prohibition on cannabis, major financial institutions refuse to serve CRBs for fear of prosecution.

Enter Safe Harbor Financial. Conceived in 2015 as a solution to the underbanking crisis, we’ve filled a crucial void in the cannabis industry, delivering financial services to CRBs nationwide.

Since opening, we’ve managed nearly 600 accounts, processed over $12 billion in cannabis-related funds, and operated in 20 states. We’ve earned a reputation for our regulatory excellence and personalized cannabis banking. Our Sioux City cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and much more.

Our expertise spans all branches of the cannabis industry. So, businesses specializing in CBD or hemp will find the same top-quality advice and services.

Speak to our team about becoming a member of one of America’s finest cannabis banks.

Sioux City cannabis banking services

Dedicated financial services, round-the-clock advice, and regulatory rigor form the foundation of Safe Harbor Financial. We’ve spent seven years creating a range of financial services perfect for CRBs in Iowa and beyond. Members will also gain access to our full range of financial 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 Sioux City

Sioux City is a relatively small city in western Iowa. However, with a population of over 85,000, it’s still the fourth-largest city in the state. The local economy is mostly focused on food-related products; the city has a thriving cultural scene, which is a major social center for the surrounding area.

For CRBs and aspiring cannabis entrepreneurs, there are several avenues for success in the cannabis sector. However, in Iowa, cannabis remains illegal recreationally (though public opinion is beginning to shift). Medical marijuana is legal, as is CBD and hemp. Hemp, in particular, grows freely throughout the state. After Iowa passed the Iowa Hemp Act in 2019, it opened the doors to growers, CBD extractors, and retailers to establish themselves as major producers in America’s heartland.

What’s needed is the right support and marijuana banking in Sioux City. Under Safe Harbor Financial’s guidance, we can help businesses in all sectors establish themselves, developing a thriving cannabis industry in the state. 

Become a member today, and we’ll help your business reach its potential.

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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? +

All legitimate cannabis-related businesses are welcome at SHF. Please fill out an application:

  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 available to Safe Harbor members. Our competitive interest rates mean we offer some of the best loans available to CRBs. After applying, we aim to review an application within 30 days. You will need to speak to your personal banker about this opportunity.

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