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.