Southaven Cannabis Banking

Experience high-quality marijuana banking in Southaven with Safe Harbor Financial. Our industry-leading financial services are available to cannabis, CBD, and hemp-related businesses.

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Founded in 2015, Safe Harbor Financial seeks to provide cannabis-related businesses throughout the country with access to the full range of banking services. With major financial institutions still unwilling to provide cannabis companies with a bank account due to federal legislation, Safe Harbor Financial is stepping up.

We understand how pivotal checking and savings accounts, online banking, direct deposit payroll, electronic tax payments, and more are to running a business effectively. Our Southaven cannabis banking services are a much-needed lifeline, guaranteeing essential financial help to all legal marijuana businesses.

If you’re in search of cannabis banking in Southaven, Safe Harbor Financial is here to provide our expert advice and support to elevate your business to the next level. After serving more than 600 cannabis accounts and processing over $12 billion in cannabis funds, there’s no better choice for marijuana and hemp banking in Southaven.

Our Services

Harnessing the benefits of marijuana banking in Southaven is essential not solely for growing your business but also to meet the stringent state and federal regulations. Dispensaries, manufacturers, cultivators, accounts, lawyers, and any other cannabis-related professional or business can join SHF for Southaven cannabis banking, 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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Grow your business with marijuana banking in Southaven

Despite Southaven being located just a stone’s throw from Memphis, the “Tip of the Sip” is firmly within Mississippi’s jurisdiction regarding cannabis laws. Local businesses seeking cannabis banking in Southaven operate in a complex legal framework. The sale and use of recreational cannabis remain illegal, while medical use was legalized in 2020. The landmark decision follows a 2014 act that legalized the sale of CBD – under the orders of a licensed physician.

Cannabis companies may have to navigate the legality of their product, but they’re still in need of marijuana and hemp banking in Southaven. With further steps towards legalization likely to occur, businesses need a bank with a reputation for impeccable regulatory compliance.

Safe Harbor Financial is familiar with the patchwork of cannabis laws across America. We assign all our businesses a personal banker familiar with your history and requirements and the rules for cannabis banking in Southaven. Whether you’re involved in hemp, CBD, or cannabis, our full range of financial services is at your disposal.

Contact our team for further information about joining Safe Harbor Financial. Join a bank that believes in what you do and respects your business.

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Open your account today to elevate your success!

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Frequently Asked Questions

How do I join Safe Harbor Financial? +

Joining SHF has never been simpler. Review our application criteria on our website to ensure you’re a good fit. If you’re ready to join, you’ll to follow these steps:

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, we’ll need all the relevant marijuana-related documentation. Please include:

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

We always aim to conduct a complete review and process your application as soon as possible. Please contact our team for any further questions about the application process.

Why do I need cannabis banking in Southaven? +

So long as cannabis-related products can be bought and sold, businesses operating in the industry need access to legitimate financial services.

The absence of Southaven cannabis banking means companies are forced to conduct transactions, pay taxes, and purchase inventory in cash – increasing the risk of theft or fraud. Moreover, maintaining adequate regulatory compliance can be a headache without digital bookkeeping and other banking options.

Do you offer loans to cannabis-related businesses? +

Yes. You will need to complete an application when seeking a loan. If you’re already a bank member, inform your banker to monitor the application. We aim for a turnaround of 30 days from the application to the response. During this period, we will conduct a thorough interview and document check to ensure you’re a viable candidate.