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Minnesota Cannabis Banking

Explore tailor-made Minnesota cannabis banking solutions through Safe Harbor Financial. Kickstart your business with our steadfast support and dedicated service.

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Navigating the financial landscape, particularly within the Minnesota Cannabis Bank (CRB), poses significant challenges. Federal restrictions loom large, prompting central banks to steer clear of CRBs to avoid legal complexities.

This situation often compels CRBs to conceal their true nature or rely on questionable financial channels. Enter Safe Harbor Financial. We recognize the intricacies of your journey and offer a trustworthy and lawful financing system for numerous CRBs in Minnesota and neighboring areas.

Since our establishment in Colorado in 2015, we’ve played a pivotal role in nurturing a thriving cannabis industry. Our hemp banking in Minnesota has facilitated over $12 billion in cannabis-related transactions, managing nearly 600 accounts. Our reach extends to 20 states nationwide.

Place your trust in a seasoned local company. Join the Safe Harbor family and expand your cannabis enterprise with substantial savings and robust community support.

Minnesota Cannabis Financial Services

Open the gateway to financial independence within Minnesota’s challenging business landscape. 

In this dynamic industry, maneuvering payroll intricacies, seamless invoice processing, and securing essential bank loans for a cannabis dispensary demand a diversified financial approach — your key to survival and triumph.

At Safe Harbor, our marijuana banking in Minnesota doesn’t merely offer value. We forge a secure sanctuary where your business can flourish. Need assistance with loan applications in Minnesota’s burgeoning hemp industry? We’ve got you covered.

We’re not just financial advisors — we’re your trusted companions, prepared to navigate the ever-evolving planning process by your side. With us, progress is your trajectory.

Our legal guidance operates like a well-oiled machine, fostering extensive ties with regulators, legislators, and law enforcement. It ensures you benefit from real-time updates in the ever-shifting legal landscape.

But there’s more to it than that. We understand your desire for more than just the ideal solution. That’s why each business is paired with a dedicated banking champion, providing personalized advice on the Minnesota cannabis banking landscape.

We say no to frustrating call centers and the tedium of explaining your unique business needs repeatedly. Our members revel in an array of bespoke financial services. 

At Safe Harbor, we’re not simply here to guide you through Minnesota’s complex economic terrain but to empower you to thrive and conquer in unprecedented ways.

Our cannabis banking services include:

  • Checking and savings accounts
  • Online banking with 24/7 account access
  • Personal financial advisors
  • Electronic tax payments
  • Consumer payments
  • Cash management accounts
  • Cash pick-up and delivery services
  • Investment options
  • Employee accounts
  • Direct deposit payroll
  • ACH payment and origination options
  • Wire services
  • Financing

Reliable Cannabis Banking Partner in Minnesota

Minnesota recently legalized cannabis, prompting a rush of entrepreneurs, from newcomers to seasoned veterans of the illicit market, eager to venture into this burgeoning industry. They’re gearing up to embrace the opportunities despite anticipated hurdles and obstacles.

These opportunities call for help and support from providers of marijuana banking in Minnesota.

Effective last August, any Minnesotan aged 21 and above can legally possess or transport up to two ounces of marijuana flower, 8 grams of concentrate, and 800 milligrams of edibles. Moreover, private residences are allowed up to two pounds of cannabis.

Prospective cannabis business owners face varying licensing application fees, ranging from $500 for micro-businesses to $2,500 for retailers and up to $10,000 for growers and testing facilities.

Many federally regulated banks steer clear of serving cannabis businesses to avoid potential violations of aiding and abetting and anti-money laundering laws.

The lack of access to mainstream financial institutions poses a significant hurdle for business owners who rely on banks for crucial services like payroll and lending.

Nevertheless, Minnesota cannabis banking providers, credit unions, and local banks have stepped up to fill this gap and support cannabis entrepreneurs.

Enter Minnesota’s thriving cannabis market with our premier banking services. Whether you specialize in vapes, edibles, beverages, or biotech, we assist you in navigating evolving regulations and identifying legal investment opportunities.

Partnering with us equips you with the essentials for success in this burgeoning industry. Your path to success begins today.

Open Your Account

Open your account today and take your cannabis business to the next level!

Open Your Account

Frequently Asked Questions

How Can I Apply to Safe Harbor Financial? +

Are you interested in applying to Safe Harbor Financial? Begin by completing an application on our website. Our hemp banking in Minnesota team will meticulously review your documents and perform essential due diligence.

Next, we’ll arrange an interview, visit your site, and conduct a thorough business assessment. Contact our team if you have inquiries about the application process or seek further information about Safe Harbor Financial.

Do You Offer Loans? +

Our exclusive loan program is tailored specifically for our bank members. We advise discussing the specifics with your financial advisors or visiting our loan program page for comprehensive details.

After submitting your application, we conduct a thorough business review and document check, typically completing this process within 30 days.

What Kinds of Cannabis Businesses Does Your Institution Cater? +

Our Minnesota cannabis banking services extend across diverse sectors, including cannabis associations, biotech firms, consultants, dispensaries, growers, landlords, and service companies.

We comprehend the hurdles faced by CRBs due to existing laws. Safe Harbor Financial offers dependable financial services to all cannabis-related businesses.