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Baton Rouge Cannabis Banking

Expand your business with one of America’s leading cannabis banks. Safe Harbor Financial is the best for marijuana and hemp banking in Baton Rouge.

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Financial services are essential to success and survival, from medical marijuana dispensaries to CBD extraction facilities. Yet, despite many of these businesses being legal at the state level, federal prohibition prevents major financial institutions from serving cannabis-related businesses (CRBs). Most operate in cash, turn to disreputable organizations, or mislead banks about their business. 

Conceived in 2015, Safe Harbor Financial is the answer to the underbanking crisis. We operate legally and effectively, protecting the interests of CRBs, and ensuring they can operate like any other business. Over the past seven years, we’ve served hundreds of CRBs and developed a range of services tailored to the needs of marijuana, hemp, and CBD businesses. 

Our Baton Rouge cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more through our platform.

Join the growing family of businesses at Safe Harbor Financial. Becoming a member grants you access to all our banking services and regulatory guidance.

Baton Rouge cannabis banking services

The lack of access to reliable marijuana and hemp banking in Baton Rouge is a major headache for local businesses. Through Safe Harbor’s Cannabis Banking Solutions™ platform, you can complete all the necessary tasks for running a CRB, from paying employees to filing taxes.

We go one step further. All members are assigned a personal banker to serve as their go-to advisor for financial and regulatory matters. These industry-accredited professionals will become familiar with your business and the rules and regulations governing marijuana and hemp banking in Baton Rouge. 

They’re available round-the-clock – via phone, email, or text – to answer any concerns or questions you may have. 

We also developed our loans program for CRBs seeking capital for expansion and growth. Our program has a generous API, ensuring our loans are affordable for all CRBs. It’s a lifeline for many businesses and is exclusively available to Safe Harbor members.

Members of Safe Harbor will be granted full access to our 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 unrivaled marijuana banking in Baton Rouge

Baton Rouge is a major epicenter for southern businesses. As the capital of Louisiana, it contains major industrial, petrochemical, and technology industries, alongside the 10th largest port in the US. Yet, the illegality of recreational cannabis in Louisiana means much of the industry is unviable.

Nonetheless, as per the 2018 Farm Bill, growing hemp (defined as cannabis with 0.3% THC or less) and CBD extraction are viable businesses for cannabis entrepreneurs. With a thriving local economy, it’s a major potential opportunity for enterprising CRBs. 

However, navigating the tumultuous regulatory waters means CRBs need an experienced cannabis bank. Safe Harbor Financial has operated in 20 states nationwide, helping keep businesses on the right side of the law. Moreover, our expertise is not restricted to one industry, spanning CBD, hemp, and marijuana. We deliver the funding, regulatory guidance, and services necessary to thrive.

Become a member of Safe Harbor Financial and take your business to the next level.

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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? +

Please submit an application to join via our website. All legal and legitimate CRBs are welcome to apply. Please follow these steps:

  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

When submitting your application, please send across:

  • 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 contact our team for any further questions about Safe Harbor Financial or the application process.

Why do I need cannabis banking in Baton Rouge? +

Ensuring your business meets the stringent regulations governing the hemp, CBD, and medical marijuana industry in Baton Rouge requires excellent guidance. We work with legislators and regulators to deliver up-to-date advice to our members.

Moreover, when your money is stored safely in a bank, you no longer become the target of thieves and criminals. Increasingly, they’ve begun to raid CRBs operating solely in cash. We’ll keep your business shielded from regulatory changes and criminals – we’ve got your back.