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New Mexico Cannabis Banking

Welcome to Safe Harbor Financial — Your Trusted Partner in New Mexico Cannabis Banking


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Safe Harbor Financial, a New Mexico Cannabis Banking institution, has diligently served the needs of cannabis-related businesses (CRBs) in the US since 2015. With our headquarters in Colorado, we have successfully processed over $12 billion in cannabis-related funds and expertly managed nearly 600 accounts across 20 states nationwide, including New Mexico.

We understand the unique challenges facing the marijuana industry and are dedicated to providing our clients with the support they need to navigate this complex and ever-changing landscape. Our mission is to provide comprehensive and secure banking services to the industry, so our clients can focus on what they do best — growing and selling quality products.

We are proud to be a trusted partner for cannabis banking in New Mexico, dedicated to helping CRBs grow and thrive. From checking and savings accounts to comprehensive cash management services and investment options, we offer a full suite of banking services designed specifically for the marijuana industry.

With our experienced team of financial advisors and cutting-edge technology, you can be confident that your funds are in safe hands with Safe Harbor Financial.

Take the first step towards a brighter financial future for your business — get in touch with us today!

New Mexico Marijuana Banking Services

We understand the unique challenges faced by CRBs in New Mexico. That’s why we offer a comprehensive range of banking services designed to meet the needs of your business. Our 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

With our industry-leading services, you can be confident that you have the support you need to grow and succeed. Contact us today to learn more about how we can help you navigate the financial landscape of New Mexico’s cannabis industry.

Marijuana and Hemp Banking in New Mexico: Current Rules and Regulations

CRBs in New Mexico are facing an industry in flux, with new regulations and legal requirements constantly being introduced. We are here to provide guidance and ensure that our clients are fully compliant with the relevant laws and agencies.

In New Mexico, the regulation of the hemp industry is handled by the Department of Health, Medical Cannabis Program, and the Regulation and Licensing Department, Cannabis Control Division. In addition to these state-level regulations, there are also federal banking and financial regulations that must be taken into consideration.

Safe Harbor Financial is a leading authority in New Mexico hemp banking, skillfully managing complex and ever-changing regulations to provide our clients with unwavering support and guidance on all the relevant rules and laws. Our team of experts stays up to date with the latest regulations and provides comprehensive compliance support to all of our clients.

With our experience and expertise, we are confident that we can provide the support you need to grow and succeed in this dynamic industry. But we don’t stop there. Following the 2018 Farm Bill, hemp cultivation and processing is also legal. That’s why we’re fully cognizant of the rules covering hemp banking.

Don’t let complicated regulations hold you back — choose Safe Harbor Financial for industry-leading cannabis banking.

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

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Frequently Asked Questions

How do I join Safe Harbor Financial’s marijuana banking in New Mexico? +

Our doors are open to legal and legitimate CRBs. If you’d like to submit an application, you can do so via our website. Please follow these steps:

  1. Submit your application
  2. Document check and due diligence
  3. Interview, site inspection, and in-depth business review

We also ask you to submit the relevant documentation when applying:

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

Please get in touch with our team for any further questions about Safe Harbor or the application process. 

Do you have a loan program? +

Yes, to grow your CRB in the context of New Mexico cannabis banking, you need access to a reliable, trusted source of financing. SHF members can conveniently access our loan program through their financial advisors.

For further information, please refer to our loan program page.

Do you serve all types of marijuana-related businesses? +

Yes. SHF welcomes all sectors of the industry affected by stringent federal regulations. Here’s a sample of the industry we cover: 

  • Growers, manufacturers, and CBD extraction
  • Cannabis biotechnology firms
  • Dispensaries and retailers
  • Cannabis associations
  • Service companies
  • Cannabis industry consultants
  • Landlords and ancillary