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Baltimore Cannabis Banking

Navigate your way to success with marijuana and hemp banking in Baltimore. Safe Harbor Financial is a leading financial institution dedicated to serving the cannabis industry.

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First opening in 2015, Safe Harbor Financial was conceived with a simple goal: to save the nascent cannabis industry from the clutches of the underbanking crisis. Because federal prohibition prevented major financial institutions from serving cannabis-related businesses (CRBs), many turned to disreputable financial organizations or operated solely in cash – neither option was optimal.

Enter Safe Harbor Financial: by bridging this divide, we provided much-needed financial services to a host of CRBs across the nation. In fact, we’ve processed more than $12 billion in cannabis-related funds, supported nearly 600 accounts, and operated in 20 states nationwide. 

Our Baltimore cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

With our guidance, your business can establish or expand itself – no matter whether you operate in the marijuana, hemp, or CBD sectors.

Let our expert team advise and support your business – contact us to learn more about becoming a member.

Baltimore cannabis banking services

Financial services, though underappreciated, are the lifeblood of any business – no industry knows that matters more than the cannabis industry. From basics like checking accounts through to our impressive loans program, we’ve spent the past seven years creating all the services CRBs need to thrive. Through your personal bankers, you’ll have full access to all our 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 unmatched marijuana banking in Baltimore

Despite the fact that the sale of recreational marijuana is illegal in Maryland, medical marijuana was legalized in 2013 through a state-regulated medical cannabis program. In addition, cannabis entrepreneurs can look to the hemp and CBD sectors for business ideas – as both substances are legal in the state.

Whether you’re interested in growing, selling, or processing legal cannabis and hemp, you’ll need a reliable cannabis financial institution to help you navigate the tumultuous waters of Maryland’s rules and regulations. That’s where Safe Harbor Financial comes in.

We’re highly experienced in working alongside legislators and regulators to provide our members with up-to-date regulatory guidance. Considering the size and importance of Baltimore, CRBs that remain within the confines of the law have numerous lucrative options – from export to health products.

Moreover, with our support, you’ll be perfectly positioned to capitalize on an untouched market if and when recreational legalization does occur. Considering the General Assembly has established a working group exploring possible ways to legalize recreational marijuana, it is a very real and imminent possibility.

Speak to our team about joining Safe Harbor Financial – we’re the only institutions with the experience to take your enterprise 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 access Safe Harbor Financial's services? +

Please submit an application via our website to become a member. You’ll need to follow 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? +

All types of cannabis-related businesses can access marijuana banking in Baltimore. Our expertise and experience cover the following businesses:

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