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Montana Cannabis Banking

Explore industry-leading marijuana and hemp banking in Montana. Join Safe Harbor Financial, one of the fastest-growing banks in the country.

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Montana legalized recreational cannabis in 2020. Regardless, the state’s cannabis-related businesses (CRBs) still struggle to access vital Montana cannabis banking services, as major financial institutions refuse to serve CRBs due to federal prohibition. Consequently, running a CRB becomes an everyday challenge since they cannot open a bank account or file taxes electronically.

In 2015, Safe Harbor Financial was established to bridge this gap. Starting in Colorado, we have expanded our operations nationwide to support CRBs in all sectors of the industry. Our track record speaks for itself, having processed over $12 billion in cannabis-related funds, managed close to 600 accounts, and served 20 states nationwide.

Few financial institutions deliver the quality of services we offer, especially none in the cannabis industry. Our services for cannabis banking in Montana comprise checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more, including hemp banking in Montana.

We provide CRBs with personalized financial advisors, our range of financial services, informed regulatory advice, and access to our loan program. By joining us, you will become a member of one of the leading cannabis banks in the US.

So, get ready to join Safe Harbor Financial today.

Montana Cannabis Banking Services

At Safe Harbor Financial, we guarantee that our members have access to everything they require to achieve success. Our exclusive cannabis services are customized to meet your specific needs. So, whether you require 24/7 support from your personal banker or updated regulatory guidance, we have you covered. We have spent the last eight years helping CRBs overcome every obstacle the industry presents.

Our Montana cannabis financial services include:

  • 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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Marijuana Banking in Montana: Current Rules and Regulations

Cannabis in Montana has been legal medicinally since 2004 and recreationally since 2020. The state has been making efforts to liberalize cannabis laws, with many advocates pushing for more widespread access to cannabis for both medicinal and recreational purposes. 

Currently, adults 21 and older can purchase marijuana from state-licensed dispensaries or grow up to two mature plants. However, CRBs require licenses for cultivation, manufacturing, transportation, dispensaries, testing labs, and more. Indeed, while cannabis remains legal, the laws and regulatory environment, as well as hemp banking in Montana, are not as welcoming as in some states.

According to the Leafly Cannabis Harvest Report 2022, 278 of 355 cultivation licenses were active in the first year of adult-use sales, with farmers producing a $50 million cannabis crop, predicted to be worth $177 million to stores. 

Nevertheless, expanding and succeeding in Montana’s cannabis market is a challenge that few financial institutions are familiar with. Safe Harbor Financial has extensive experience navigating the cannabis industry in Colorado and is ready to share its expertise with Montana companies.

Join us and become our next success story. Contact us or speak to our team today about joining Safe Harbor Financial and accessing our expert cannabis banking services in Montana.

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Open your account today to elevate your success!

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Frequently Asked Questions

What is the process for joining Safe Harbor Financial’s cannabis banking in Montana? +

To become a member of Safe Harbor Financial, all legal and legitimate CRBs can apply through our website. The application process involves the following steps:

  1. Submit your application.
  2. We perform a document check and perform due diligence.
  3. We conduct an interview, a site inspection, and a comprehensive business review.

When submitting your application, you’ll need to include all relevant marijuana-related documentation, such as your marijuana license or certificate, a complete copy of your license application, all business documents (including bylaws and operating agreements), and your IRS EIN Certification Letter.

Please contact our team for further questions or concerns about the application process.

Why is cannabis banking in Montana necessary? +

CRBs in Montana are forced to handle large volumes of cash due to underbanking, making them a prime target for criminals. Whether you’re worried about armed robberies or paying taxes in cash, you need reliable, accessible financial services. Safe Harbor Financial will protect your finances from theft and provide trustworthy regulatory information to keep you compliant with the law.

Does Safe Harbor Financial have a loan program? +

Yes, we have a loan program included in our Montana cannabis banking services. SHF members can apply for a loan through their personal advisor. We’ll review your loan application within 30 days after receiving all relevant documentation. For more information on our loan application process, please visit our loan application page.