Novi Cannabis Banking

Navigating the cannabis industry’s tumultuous waters is challenging for all businesses – even more so for those operating without adequate financial support. Whether it be paying employees or filing your taxes, financial services are the bedrock of a business. And yet, due to federal prohibition, major financial institutions refuse to open to cannabis-related businesses (CRBs).

That’s where Safe Harbor Financial comes in. Under our tutelage, businesses gain access to all the much-needed financial services, alongside personalized banking and reliable regulatory support. Our Novi cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

Whatever your sector, our team of experts is trained to support your business – be it in the CBD, hemp, or marijuana industries. By working alongside regulators and legislators, we ensure our clients receive the best regulatory advice in the state. That’s why we’ve processed more than $12 billion in funds and managed over 600 accounts.

Please get in touch with our team if you’re ready to succeed – no other financial institution is better equipped to support your growth.

Reach new heights with marijuana banking in Novi

Novi is a small town of over 66,000 people in Eastern Michigan – only a short drive from Detroit, Ann Arbor, and the Canadian border. That’s why, despite its small size, Novi is one of the fastest-growing cities in Michigan. Already its retail space has seen significant expansion, alongside the offices of international corporations and owner-operated retail businesses.

Such an environment is perfect for cannabis-related businesses. Better still, since the legalization of recreational cannabis in 2015, the state has raised hundreds of millions in taxes. In 2021, municipalities were given over $56,000 for every recreational marijuana retail location in its boundaries: a major incentive for further investment.

With huge population centers nearby, Novi is well-positioned to take advantage of this boom, opening dispensaries, grow operations, ancillary businesses, and more, serving the local region and beyond.

What’s needed is an experienced cannabis financial institution that can help the fledgling industry take flight. Safe Harbor Financial has the reputation and expertise to do just that – we’ve done it before. Speak to our team to learn more about marijuana and hemp banking in Novi.