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Philadelphia Cannabis Banking

Gain access to industry-leading marijuana banking in Philadelphia with Safe Harbor Financial. We serve all Philadelphia cannabis businesses in the cannabis/marijuana, CBD, and hemp sectors.

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Safe Harbor Financial was founded in Colorado in 2015. Seven years later, we’re a nationwide cannabis banking institution, providing cannabis-related businesses with the financial services they need. Our Philadelphia cannabis banking services are unparalleled in the region, including checking and savings accounts, online banking, consumer payments, electronic tax payment, direct deposit payroll, and much more.

We began due to the severe lack of banking options for cannabis-related businesses. With major financial institutions refusing to cater to the booming cannabis sector, we stepped up.

For over seven years, we’ve supported and advised all kinds of cannabis businesses across the nation. With marijuana and hemp banking in Philadelphia critical to helping the thriving industry, we’re committed to addressing your needs and growing your business. With our advice and expertise, we can elevate your business’s success – we’ve done it before.

Philadelphia cannabis banking services

Here at Safe Harbor Financial, we have a fundamental goal: to provide comprehensive banking services to all cannabis-related businesses that need them. Marijuana and hemp banking in Philadelphia is about more than checking accounts. Our services for marijuana and hemp banking in Philadelphia include:

  • 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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Access marijuana banking in Philadelphia

Philadelphia is one of the oldest cities in the United States, with a storied history going back before the nation’s founding. Its relationship with cannabis is equally as complicated.

Despite the recreational use of cannabis being illegal throughout Pennsylvania, the medical use of cannabis was legalized on April 17, 2016. Moreover, there has been a steady push toward full legalization with the decriminalization of up to 30 grams of cannabis throughout much of the state.

For cannabis-related businesses in Philadelphia, this limbo can mean it’s even harder to access financial services than comparable businesses in states where recreational use is also legal. 

We believe all cannabis-related businesses should have access to cannabis banking in Philadelphia. Whether your company is involved in hemp, CBD, cannabis/marijuana, or cultivation, dispensing, or manufacturing cannabis-related goods, we offer our full range of financial services – especially as the legal landscape evolves.

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Open your account today to elevate your success!

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Frequently Asked Questions

How do I join Safe Harbor Financial? +

We accept applications from all kinds of cannabis-related businesses. Our clients include growers, manufacturers, cannabis biotech firms, dispensaries and retailers, services companies, and even landlords and ancillary businesses. 

Joining Safe Harbor involves a simple three-step process:

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

When submitting your application, you’ll need to include:

  • 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 contact our team. 

Why do I need comprehensive financial services? +

Yes. We understand that no business can succeed without access to investment. We provide loans for all types of cannabis businesses, including:

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

You’ll need to fill out our online application and inform your banker of the application (if you’re an existing client). We aim to conduct a turnaround of 30 days – however, the process will also involve an interview and a document check.

What kinds of cannabis businesses can access your financial services? +

Cannabis businesses like dispensaries are prime targets for robberies and fraud. With little to no access to cannabis banking in Philadelphia, businesses must pay taxes and wages, bookkeep, and pay for supplies, all in cash. That has to change.

With SHF, you can reduce your risk from criminal activity, increase the efficiency of your business, and pay all bills and taxes with ease.

Why choose Safe Harbor Financial? +

Safe Harbor Financial has been at the forefront of cannabis banking since 2015. With more than seven years of experience, our industry-accredited cannabis banking experts are unparalleled in their expertise and abilities. Even more, we provide our clients with a personal banker who knows all the rules for cannabis banking in Philadelphia. 

And with over 500 cannabis accounts and $12+ billion in cannabis funds processed, no other cannabis-specialist bank provides the scope of service here at SHF.