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Oregon Cannabis Banking

Secure trusted and reliable Oregon cannabis banking from America’s leading cannabis bank. Join Safe Harbor Financial today.

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Finding it difficult to open a bank account? Constantly getting rejected by bank loans? You’re not alone. Cannabis-related businesses (CRBs) across the US report immense difficulties securing even basic financial services. Due to federal prohibition, major financial institutions refuse to serve CRBs for fear of prosecution.

Safe Harbor Financial was founded in 2015 to bridge this divide. For eight years, we’ve secured CRBs access to essential financial services, saving hundreds of companies from the clutches of the underbanking crisis.

In fact, we’ve processed more than $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states nationwide, making us a leader in marijuana banking in Oregon and across the United States.

Every Safe Harbor member enjoys all our financial services, making banking with us a seamless experience. Our Oregon financial services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more to cater to all your financial needs.

If you’re a CRB seeking a trusted, reliable financial institution dedicated to the cannabis industry, look no further. Speak to our team about joining Safe Harbor Financial today.

Oregon Hemp Banking Services

Safe Harbor Financial isn’t just another Main Street bank. Our services are completely tailored to the needs of cannabis companies. After speaking to CRB owners, we identified two key areas — regulation and personalization. 

Our expert team liaises with regulators, legislators, and law enforcement to deliver up-to-date information to our members. You’ll receive our information and advice through your personal advisor — assigned to every member. They’ll handle your account, providing round-the-clock support. You can even apply for loans through your personal advisor.

Members can expect to enjoy our full Oregon cannabis banking services, including:

  • 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

Marijuana Banking in Oregon — Current Rules and Regulations

Cannabis in Oregon is legal both medicinally and recreationally. In fact, Oregon was at the forefront of the liberalization of marijuana laws in the US — first, decriminalizing possession — before legalizing medical marijuana in 1998 and recreational cannabis in 2012.

Currently, the legal sale of marijuana is managed by the Oregon Liquor and Cannabis Commission. Dispensaries and grow operations (alongside other CRBs) must apply for a license to sell marijuana legally. However, unlike more stringent states, hundreds of applications were received and processed.

In addition to the legalization, this state has become a hub for cannabis companies and hemp banking in Oregon. The first International Cannabis Business Conference (ICBC), for instance, took place in Portland in September 2014.

Given the maturity and competition in Oregon, larger CRBs and fledgling companies alike need an experienced financial institution to guide them forward. Safe Harbor Financial helped numerous businesses navigate Colorado’s sizable marijuana industry, becoming the foremost cannabis bank regionally. Now, we’re sharing our expertise with CRBs in Oregon.

Get ready to succeed — become the latest Safe Harbor Financial member today.

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 cannabis banking in Oregon? +

All legal and legitimate CRBs are welcome to join SHF. Please submit all applications via our website. You’ll need to follow 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 the application process.

What kinds of cannabis-related businesses do you serve? +

SHF is open to all sectors of the cannabis industry. Federal prohibition restricts access to financial services for all CRBs, but we proudly offer our services to all Oregon marijuana banking needs. We, therefore, accept all companies, including:

  • Growers, manufacturers, and CBD extraction
  • Cannabis biotechnology firms
  • Dispensaries and retailers
  • Cannabis associations
  • Service companies
  • Cannabis industry consultants
  • Landlords and ancillary
Do you have a loan program? +

Yes. Through your personal advisor, members can secure financing for the business. Our loan program includes a generous API and a 30-day response time.

You’ll need to submit the following documents when applying for an Oregon cannabis banking loan:

  • 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

For further information, please speak to our team or visit our loan program page.