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Ann Arbor Cannabis Banking

Expand your cannabis-related business by partnering with Safe Harbor Financial, a renowned Ann Arbor cannabis banking provider. Become a member and discover our incredible financial service today.

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Safe Harbor Financial was conceived in 2015 to tackle an ongoing crisis — the chronic underbanking of the nascent cannabis industry.

Because of federal prohibition, major financial institutions refused to accept money from cannabis-related businesses. The business owners suffer from excess paperwork and prosecution fears.

Cannabis-related businesses (CRBs) can only access financial services through specialized financial institutions like Safe Harbor Financial.

We’ve spent years developing our services. These include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

It’s no wonder we’ve earned a reputation for personalized Ann Arbor dispensary banking and reliable regulatory support. Fortunately, as we’ve expanded, we have processed over $12 billion in cannabis-related funds, supported over 600 accounts, and operated in 20 states nationwide.

Ann Arbor falls within our service coverage, eliminating the need for you to journey to another town or city.

Our lessons and guidance were critical in guiding cannabis industry. Thankfully, now, we’re bringing our expertise to hemp and marijuana banking.

Please let our team advise and support your CRB — become a member of the Safe Harbor family today.

Services for Hemp Banking in Ann Arbor

Without access to financial services, running a business becomes a significant challenge. Accepting customer payments, maintaining accurate books, and even paying taxes are headaches for business owners. 

Every dollar earned only makes things worse. That’s the opposite of how things should operate. You’ll 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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Experience Renowned Marijuana Banking in Ann Arbor

The city is home to the University of Michigan and a bustling cultural scene. As such, businesses in Ann Arbor take advantage of Michigan’s liberalization of its cannabis laws.

Yet recreational cannabis was only legalized in 2018, meaning the industry is still in the foothills of future growth. Nevertheless, in 2021, Michigan collected $175 million from a 10% excise tax on recreational cannabis sales.

Ann Arbor’s municipalities receive over $56,000 for every recreational retail location within their boundaries. As such, there’s strong pressure to expand this fledgling industry.

With the annual “Hash Bash” held in the city and a long history of openness to hemp banking in Ann Arbor. As such, it can help cannabis-related businesses thrive if given the proper financial support.

Safe Harbor Financial is an experienced financial institution that’s helped hundreds of businesses expand and reach maturity. We appreciate the difficulty navigating the tumultuous waters of the cannabis industry.

But with our support, marijuana and hemp banking can transform your business and take it 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 Services? +

Becoming a member of Safe Harbor is the only way to access our outstanding financial services. Please complete the application process:

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

Alongside your application, our marijuana banking in Ann Arbor needs all the relevant marijuana-related documentation. Please include:

  • All business documents (including bylaws and operating agreements)
  • Your marijuana license or certificate and a complete copy of your license application
  • Your IRS EIN Certification Letter

Please contact our team for questions about Safe Harbor or the application process.

Why Do I Need Cannabis Banking? +

With new markets increasingly opening up, businesses need the support and capital to expand.

Safe Harbor Financial has the know-how to help you grow your business, from essential financial services to our superb Ann Arbor cannabis banking loan programs. Otherwise, companies must rely on operating cash-only or turn to disreputable financial organizations.