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New York City Cannabis Banking

Let us support your business with cannabis banking in New York City. Safe Harbor Financial is one of America’s leading cannabis banks. For marijuana banking in New York City, no institution has greater experience in handling your financial affairs.

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Safe Harbor Financial started in 2015 in response to the severely underbanked companies in the legitimate cannabis industry. Major financial institutions were unwilling to provide financial services due to the federal stance on legalization. Companies were, therefore, turning to unscrupulous institutions or misrepresenting their accounts to access much-needed banking and other financial services.

We facilitate unmatched services for marijuana banking in New York City, including checking and savings accounts, online banking, consumer payments, electronic tax payment, direct deposit payroll, and much more.

After seven years of industry experience – managing more than 600 accounts and processing over $12 billion in cannabis funds – we understand what it takes to help your business succeed. Our personalized advice and services can ensure you receive the financial leadership necessary to help your business thrive. 

Join us today to access trusted marijuana and hemp banking in New York City.

Boston Cannabis Banking Services

Your business needs access to cannabis banking services, from online banking to electronic tax payments. Moreover, our personal cannabis bankers are here to advise you on all aspects of regulatory compliance. We facilitate all the financial services your cannabis business needs to succeed:

  • 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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Experience success with marijuana banking in New York City

Cannabis is legal for recreational and medical use in New York City following legalization passed on March 31, 2021. We recognize the difficulties recreational dispensaries face as they start trading.

Founded in 2015, Safe Harbor Financial was instrumental in developing Colorado’s now-thriving cannabis industry. From the first few dispensaries and growers, we saw the cannabis landscape mature into one of the state’s leading industries – now we’re here to share what we learned.

Safe Harbor Financial is a part of the community. We’re dedicated to ensuring all cannabis-related businesses in New York City do not experience the same financial difficulties as those that came before. With our expertise in servicing cannabis-related businesses, honed over seven years in the industry, we’re ready to simplify your New York City cannabis banking experience. Let us worry about your finances, leaving you free to focus on growing your business. 

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Open your account today to elevate your success!

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Frequently Asked Questions

What do I need to join Safe Harbor Financial? +

Joining SHF involves three simple steps: (1) submit your application, (2) conduct a document check, (3) interview, site inspection, and an in-depth business review. 

As part of the application, please submit:

  • 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

For any further questions about Safe Harbor or the application process, please get in touch with our team

Do you offer loans and other financial services? +

Yes. In addition to our services listed above, we supply all cannabis businesses with the capital needed to grow. Cannabis business loans are available to all sectors of the cannabis industry, from biotech firms to ancillary industries.

You’ll need to submit a loan application alongside the following documentation:

  • All business documents and relevant information
  • Tax ID number
  • A brief description of the use of funds
  • Business license
  • Type of loan needed
  • Personal credit history
Why is marijuana banking in New York City important? +

Cannabis dispensaries and other businesses are known to be cash-rich by thieves and fraudsters. With excess cash on site, your business becomes a target. You’ll need to invest in protection, staff training, and armored vans to defend your profits.

Or, choose a reputable and trusted cannabis bank. We’ll protect your money where thieves cannot access it.

Moreover, our services and expertise also protect you from federal- and state-level regulations. Using our remarkable systems, tasks like tax payment, payroll, and record-keeping are simple and straightforward.

Do you provide hemp banking in New York City? +

Yes. Our services are available to all legitimate hemp businesses, whether they’re involved in research, cultivation, processing, or manufacturing. With hemp growers and seed sellers now authorized by New York State law, we’re ready to support business growth, helping hemp companies reach their potential.