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North Dakota Cannabis Banking

Safe Harbor — Your comprehensive solution for North Dakota cannabis banking, including safely handling financial transactions

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Welcome to Safe Harbor Financial, the premier North Dakota cannabis banking institution. Our mission is to provide comprehensive banking services to cannabis-related businesses (CRBs) in the state, assisting them in navigating the intricate landscape of cannabis banking.

Since opening in 2015, Safe Harbor has processed more than $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states nationwide. With years of experience and a commitment to providing industry-leading services, Safe Harbor is the trusted partner for CRBs.

Our team of knowledgeable financial advisors is here to help you every step of the way. From opening a checking or savings account to accessing 24/7 online banking, we provide a full suite of services to meet your unique needs.

We understand the importance of protecting your funds and your business, which is why we are dedicated to providing safe and secure banking options. No one understands marijuana banking in North Dakota better than us.

So why wait? If you’re a CRB, it’s time to join the hundreds of businesses that have already partnered with us. 

Take control of your finances and rely on hemp banking with confidence. Contact us today to learn more and to open your account.

North Dakota Marijuana Banking Services

Safe Harbor Financial offers a comprehensive suite of banking services to North Dakota’s cannabis-related businesses. 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

Our financial advisors are also available to help you make informed decisions and maximize your financial success. And with a full range of payment options, including electronic tax payments and direct deposit payroll, you can streamline your finances and simplify your life.

Whether you’re looking to grow your business, protect your funds, or make informed investment decisions, We are here to help. Contact us today to learn more about our comprehensive suite of banking services.

Marijuana and Hemp Banking in North Dakota: Current Rules and Regulations

North Dakota has specific rules and regulations governing hemp banking. CRBS must understand these rules to succeed in the industry effectively, especially as cannabis is legal for medical use but illegal for recreational use in the state. 

The primary agency responsible for regulating the marijuana industry is the North Dakota Department of Health. This department is responsible for issuing licenses to CRBs, enforcing rules and regulations, and monitoring the industry to ensure compliance with state laws.

While recreational marijuana is illegal, hemp was legalized via the 2018 Farm Bill. CRBs can now grow, harvest, and process hemp (for CBD products). Few financial institutions are proficient in the legalities and regulations governing this sector. However, Safe Harbor is an industry authority on cannabis banking in North Dakota.

We’re dedicated to helping CRBs navigate these complex regulations. Our team of experts is well-versed in the laws and regulations governing hemp banking, and we can help you stay compliant with state requirements. With our comprehensive suite of banking services, including electronic tax payments and cash management accounts, you can simplify your finances and reduce risk.

Contact us today to learn more about how we can help you navigate the rules and regulations of cannabis banking.

Open Your Account

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

Open Your Account

Frequently Asked Questions

How do I join Safe Harbor Financial’s marijuana banking in North Dakota? +

All applications from legal and legitimate CRBs must be submitted via our website. Please complete 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. Our extensive loan program is available to North Dakota cannabis banking members of SHF. See loan program page for further details.

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

Yes. SHF is open to all marijuana-related businesses, including:

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