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West Des Moines Cannabis Banking

Grow your business with the US’s leading cannabis bank. Our marijuana and hemp banking in Des Moines is perfect for all legitimate cannabis-related businesses.

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When we founded Safe Harbor Financial in 2015, we had a single goal: to save the cannabis industry from the clutches of underbanking. Due to federal prohibition, major financial institutions are reluctant to accept cannabis-related businesses (CRBs) – for fear of prosecution or excess paperwork. 

We’ve stepped in to fill the gap. Our services have saved numerous businesses in the past seven years, earning us a reputation for unrivaled financial support, excellent regulatory guidance, and personalized banking. Our West Des Moines cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

We’ve got the experience needed to support CRBs, providing the platform and resources for future growth. We’ve already managed nearly 600 accounts across 20 states, processing over $12 billion in cannabis-related funds. 

As new innovations and opportunities arise, we’ll ensure you’re ready to take full advantage of the situation. Are you ready to be our next success story – become a member of Safe Harbor Financial today.

West Des Moines cannabis banking services

We’re not just another cannabis bank; we’re part of the community. Speaking to business owners and leading experts, we identified a role not solely for financial services but for a responsive financial institution offering bespoke business and regulatory advice.

That’s why we assigned every member of SHF a personal banker. These industry-accredited individuals are your go-to point for any concerns or questions. They’re 100% trained in your sector – be it hemp, CBD, or marijuana – and the rules and regulations governing marijuana and hemp banking in West Des Moines. Best of all, they’re only a text, phone call, or email away – no more call centers or long wait times.

Through your personal bankers, you can access all our financial services tailored to the needs of CRBs. Our loans program, in particular, was developed to ensure CRBs can access financing to grow and support their business. Our interest rates are competitive compared to other financing options available to CRBs. Speak to your personal advisor for further details.

Members can enjoy 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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Experience superior marijuana banking in West Des Moines

Lying just over the county border from Des Moines, West Des Moines is a small city that punches well above its weight. It has routinely featured in Money magazine’s “100 Best Places to Live and Launch” lists, as well as ranking 18th on the “Hipster Cities of 2015.”

Given this business-friendly environment, it’s a prime location for CRBs and cannabis entrepreneurs. Unfortunately, at present, recreational cannabis remains illegal in Iowa (though public opinion is shifting). 

Medical marijuana (under strict programs) and CBD are legal for sale and consumption, and hemp (defined as cannabis with 0.3% or less THC) was legalized under the Iowa Hemp Act in 2019. These flourishing sectors are a valuable opportunity for businesses and entrepreneurs, especially considering hemp grows wild throughout the state.

With Safe Harbor Financial’s support, we’ll help you navigate the regulatory complexity, staying firmly on the right side of the law. In addition, we’ll provide the foundation to grow if and when cannabis is finally legalized recreationally. 

Contact our team for further details about becoming a member.

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Frequently Asked Questions

How do I join Safe Harbor Financial? +

To become an SHF member, please complete the application process:

  1. Submit your application
  2. We perform a document check and due diligence
  3. We conduct an interview, site inspection, and an in-depth business review

Alongside your application, we’ll need all the relevant marijuana-related documentation. Please include:

  • 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. 

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

We accept CRBs from all sectors of the cannabis industry, including:

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