Navigating through the cannabis industry’s legal hurdles and regulatory challenges is difficult for aspiring cannabis-related businesses. In Minnesota, that’s particularly true, with cannabis legal solely for medical use except for hemp-derived food and beverages. With no major financial institutions catering to the industry – due to federal prohibition – what’s needed is a reliable and reputable cannabis bank to assist.
Safe Harbor Financial stepped into this role in 2015. After seeing the nascent cannabis industry struggle to access financial services, we’ve spent the past seven years creating a range of much-needed financial services with a proven track record of success.
We’ve processed more than $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states. Our Minneapolis cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.
Speak to our team about becoming a member today – we’re ready to transform your business.