Cincinnati Cannabis Banking

After first opening in 2015, Safe Harbor Financial has spent the past seven years battling the underbanking crisis in the cannabis industry. Federal prohibition prevents major financial institutions from serving cannabis-related businesses (CRBs). CRBs must therefore operate solely in cash or else misrepresent their business to major institutions.

Enter Safe Harbor Financial – in less than a decade, we’ve earned a reputation for incredible financial services, excellent regulatory guidance, and personalized banking. We’ve processed more than $12 billion in cannabis-related funds, supported nearly 600 accounts, and operated in 20 states nationwide. 

Our Cincinnati cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

Under our guidance, CRBs succeed and thrive; they have all the tools they need – no matter whether they operate in the hemp, CBD, or marijuana sectors.

We’re ready to elevate your business. Contact our team about becoming a member today.

Experience unrivaled marijuana banking in Cincinnati

Cincinnati is a venerable old US city renowned nationwide for its sports, university, and historic architecture. With a large population, thriving cultural scene, and successful economy, it’s a prime location for CRBs and cannabis entrepreneurs.

Unfortunately, recreational marijuana remains illegal in Ohio, restricting options for CRBs. However, medical marijuana is legal, and following the 2018 Farm Bill, so too are hemp and CBD. The latter, in particular, is a fast-growing industry due to its numerous health benefits. Considering the importance of Cincinnati, CRBs have numerous lucrative and legal options, from exports to health products. 

What’s needed is an experienced cannabis bank to help CRBs navigate the tumultuous regulatory and legal waters. With our support, businesses can expand, thrive, and succeed while staying on the right side of the law. In fact, we liaise with legislators, regulators, and law enforcement to ensure our members receive accurate, reliable advice. 

Plus, if Ohio ever legalize recreational cannabis, you’ll be perfectly positioned to take advantage of the market – and we’ll support you every step of the way. 

Speak to our team about joining Safe Harbor Financial – let us elevate your business.