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Phoenix Cannabis Banking

Join a renowned, industry-leading institution for cannabis banking in Phoenix. Our cannabis banking services can help your business to succeed, whether you grow, manufacture, or dispense cannabis-related products.

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Founded in 2015, Safe Harbor Financial was created to meet the nationwide challenges facing the cannabis industry. With major financial institutions refusing to provide financial services for cannabis-related businesses, we saw a gap in the market. Our financial services include basics like checking and savings accounts or online banking to more advanced options like electronic tax payments and direct deposit payroll. 

We’re dedicated to providing high-quality cannabis banking in Phoenix. As the fledgling Arizona industry begins to grow, we’re ready to advise, serve, and help cannabis-related businesses, from hemp to CBD and marijuana, navigate the industry’s tumultuous waters.

Harnessing our expertise in financial services and regulatory compliance, no business can provide greater resources for marijuana and hemp banking in Phoenix. Let us elevate your business’s success, as you access our nationwide cannabis financial specialists.

Phoenix Cannabis Banking Services

No business can succeed without access to the full range of cannabis banking services. Safe Harbor Financial is a national leader in cannabis banking, specializing in ensuring all our clients remain compliant with the ever-changing state and federal financial regulations. By joining Safe Harbor, you gain access to the following services for marijuana and hemp banking in Phoenix:

  • 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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Get started with marijuana banking in Phoenix

Phoenix is a late addition to the legal cannabis market after the passage of Proposition 205 on November 3, 2022, legalizing the recreational use of cannabis throughout Arizona. While medicinal cannabis was legalized in 2010, relatively few dispensaries opened. Hemp and marijuana banking, therefore, are relatively underdeveloped compared to other states in the US.

That’s where Safe Harbor Financial comes in. As a leading cannabis banking institution, we’ve processed in excess of $12 billion in cannabis-related funds since 2015. Moreover, our team of nationwide industry-accredited experts can advise on all aspects of cannabis banking in Phoenix. Such access to unparalleled banking advice means SHF is head and shoulders above other local banking options.

As the Arizonan cannabis industry begins to develop, new businesses need to partner with an experienced banking firm that can guide them through the financial and regulatory aspects. We’re dedicated to supporting Phoenix’s thriving cannabis industry – helping businesses grow from small firms to statewide giants.

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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? +

Safe Harbor accepts applications from all cannabis-related businesses. There are three steps to join:

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

As part of your application, you’ll need to provide:

  • 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
Do you serve all kinds of cannabis businesses? +

Yes. Safe Harbor Financial isn’t specific to any sector of the cannabis market. We provide cannabis/marijuana, CBD, and hemp banking services in Phoenix. Here’s a list of all the types of cannabis businesses we serve:

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

No matter your industry, we’ve got the relevant expertise to help you grow and succeed.

Why is cannabis banking in Phoenix important? +

Cannabis banking is about security and peace of mind. Whether it be paying taxes or wages, online banking, or record-keeping, having access to trusted, comprehensive financial services can remove much of the headache from growing a cannabis business. While we handle the financial aspects, you can pour your energy into growing your business.

Moreover, without cannabis banking in Phoenix, your business becomes a prime target for thieves. That means additional security, armored vans, and threats to staff. Cannabis banking isn’t optional; it’s a necessity. After all, it’s why Safe Harbor Financial was founded.

How do I apply for a cannabis loan? +

Please apply for a loan by completing our online application. If you’re an existing client, inform your personal banker so they can track the application process. So long as all the relevant documentation is present, we aim for a turnaround of 30 days.