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New York Cannabis Banking

Your Trusted Partner in Navigating New York’s Cannabis Banking Landscape.

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Welcome to Safe Harbor Financial — the go-to bank for businesses seeking New York cannabis banking solutions! Our mission is to provide secure and reliable banking services to cannabis-related businesses (CRBs) across the state.

As experts in the banking industry, we understand the unique needs of New York’s hemp industry and have tailored our services accordingly. We know how to navigate the complex legal and regulatory landscape so that you can focus on what you do best.

Since 2015, we’ve processed over $12 billion in cannabis-related funds and managed nearly 600 accounts nationwide, earning a reputation as a trustworthy and industry-leading choice for cannabis banking.

At Safe Harbor Financial, we believe that all CRBs, especially those involved in cannabis banking in New York, should have access to comprehensive and dependable banking services. Our team of professionals is dedicated to serving your needs and helping you succeed in marijuana banking.

Ready to take your CRB to the next level? Become a member today and experience Safe Harbor Financial. Contact us now to learn more about our banking services.

New York Marijuana Banking Services

We provide comprehensive banking solutions to support businesses of all sizes, with a range of services tailored to meet their needs.

  • 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

Our team of knowledgeable professionals understands the industry’s complexities and is committed to providing the guidance and support necessary to navigate the intricate financial landscape.

Marijuana and Hemp Banking in New York: Rules and Regulations

New York is blazing a trail in the cannabis industry thanks to the Marijuana Regulation and Taxation Act signed by Governor Andrew Cuomo in March 2021. The Act legalized the adult use of marijuana, creating one of the largest legal markets in the country. 

The industry is set to generate millions of dollars in revenue and thousands of jobs while addressing social justice issues and reinvesting tax revenue into impacted communities.

New dispensaries and grow operations are sprouting up all over the state, with a “Buy Legal Marijuana” campaign encouraging consumers to purchase from licensed retailers.

As the state’s industry continues to flourish, the need for reliable and comprehensive cannabis banking in New York for cannabis-related businesses (CRBs) becomes increasingly important. That’s where Safe Harbor Financial comes in, providing essential financial services to help CRBs thrive in this exciting new industry. 

With our expert team and tailored banking solutions, we’re here to support the growth of CRBs.

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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 York? +

Joining Safe Harbor Financial is easy if you are a legal and legitimate CRB. You can submit an application via our website by following these steps:

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

When applying, please ensure to submit all relevant documentation, including all business documents (such as bylaws and operating agreements), your marijuana license or certificate, a complete copy of your license application, and your IRS EIN Certification Letter.

If you have any questions about Safe Harbor or the application process, please feel free to get in touch with our team.

Do you have a loan program? +

Safe Harbor Financial offers a loan program specifically tailored for New York cannabis banking, designed to help grow your CRB. Our members can access this program through their financial advisors.

Please refer to our loan program page for more information about our banking loan program.

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

We serve all sectors of the industry impacted by strict federal regulations. This includes, but is not limited to, growers, manufacturers, CBD extraction businesses, cannabis biotechnology firms, dispensaries and retailers, cannabis associations, service companies, cannabis industry consultants, landlords, and ancillary businesses.