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New Orleans Cannabis Banking

Experience top-level regulatory guidance and personalized banking at Safe Harbor Financial. Members receive the best marijuana and hemp banking in New Orleans.

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Safe Harbor Financial was conceived in 2015 as a solution to the underbanking crisis. Due to federal prohibition, cannabis-related businesses (CRBs) were prevented from accessing major financial institutions. Devoid of financial support, many CRBs are forced to operate solely in cash, turn to disreputable organizations, or misrepresent their business.

Through Safe Harbor, CRBs gain access to all the financial services they would expect elsewhere. Better yet, we’re experts in regulations governing marijuana and hemp banking in New Orleans and beyond. So far, we’ve processed more than $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states nationwide. 

Our New Orleans cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more through our platform.

Speak to our team to learn more about becoming a member – experience unparalleled marijuana banking in the south’s premier city. 

New Orleans cannabis banking services

Financial services are critical to daily business operations. That’s why we’ve worked tirelessly for seven years creating the full range of services needed through our Cannabis Banking Solutions™ platform. There, all members can operate safely, knowing we’ve got their backs.

We understand the unique challenges facing CRBs better than most. We assign all our members with a personal banker to answer all questions and concerns about your business. These industry-accredited professionals are familiar with your sector and the rules and regulations governing marijuana and hemp banking in New Orleans.

You can contact your personal advisor round-the-clock via email, text, or phone. No more call centers or waiting days for a response. We’re here to provide regulatory and financial advice as you need it. 

We also have a loan program with a generous API for members struggling to find financing. Rather than turning to investors, family members, or other funding sources, Safe Harbor will lend you the money at an affordable interest rate.

Member will gain access to our full range of financial services, 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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Get ready for unrivaled marijuana banking in New Orleans

New Orleans is world-renowned for its music, food, and festivals, serving as an economic and commercial hub for the broader Gulf Coast region. Located at the mouth of the Mississippi River, it acts as one of the most important cities in the US. 

Yet, despite these opportunities, cannabis remains illegal in Louisiana for recreational use. Medical marijuana was legalized in 2015, although dispensaries are rare. 

Hemp, on the other hand, is legal in the state thanks to the 2018 Farm Bill. Any cannabis with less than 0.3% THC can be legally grown, sold, and processed. For CRBs working in CBD extraction, it creates immense potential. 

Functioning in such a tight regulatory environment necessitates the assistance of a cannabis bank. With our support, you’ll stay on the right side of the law. We work with regulators, legislators, and law enforcement to deliver accurate and reliable guidance whatever your product.,

Get in touch with our team to discuss how we’re best placed to help your business – become a member today.

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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? +

All legal and legitimate CRBs are welcome to apply to join Safe Harbor Financial. You will need to submit your application online. Please follow these steps:

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

When submitting your application, please send across:

  • 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

Please contact our team for any further questions about Safe Harbor Financial or the application process.

Why is cannabis banking in New Orleans important? +

Cannabis banking in New Orleans is equally as important as where cannabis is legal recreationally – more so, in fact. Stringent regulators and rules mean CRBs must operate transparently and openly; otherwise, they risk prosecution. Moreover, as the law changes, your business must too. 

If, for example, the legal status of cannabis was to change, with our support, you’d be well-positioned to take advantage of this situation, grow your business, and succeed. You need a reliable cannabis bank to back you and elevate your business to new heights.