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Portland Maine Cannabis Banking

Become a member of one of America’s leading cannabis banks. At Safe Harbor Financial, you’ll gain access to the best financial services and marijuana banking in Portland, Maine.

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Safe Harbor Financial was founded to serve cannabis-related businesses struggling due to the chronic underbanking crisis. Despite Maine legalizing recreational cannabis in 2016, federal prohibition prevents major financial institutions from providing marijuana and hemp banking in Portland, Maine.

We’re committed to bridging this divide. Through our bespoke financial services, personalized banking, and regulatory rigor, we support and guide businesses to success. Our Portland, Maine cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

After over seven years in the industry, we’ve earned a reputation for our personalized banking and unparalleled regulatory compliance. We go above and beyond to ensure our members receive the advice and services they need to succeed. 

And we’ve got the experience needed: we’ve processed more than $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated across 20 states. 

Speak to our team for details about joining – let us bring your vision to life.

Portland Maine cannabis banking services

Banking is fundamental to all businesses’ success: from checking accounts and consumer payments to electronic tax payments, financial services are part of the daily operations of a cannabis-related business. Becoming a member grants you access to all our services, including:

  • 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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Gain access to unmatched marijuana banking in Portland, Maine

The legalization of recreational cannabis has proven a boon for the local Portland economy. After Maine citizens voted to legalize recreational cannabis in 2016, dispensaries first sold products starting in October 2020. In the following year, the state saw over $111 million in medical marijuana sales alone.

Portland, Maine, is renowned for its farmer’s markets, restaurant scene, and food and drink festivals. With legalization, there are now opportunities for cannabis connoisseurs to get in on the action. 

Yet, without adequate financial services, such businesses will struggle to fund expansions or even run day-to-day operations. The industry needs an experienced cannabis financial institution to deliver impeccable regulatory support and financial services.

Whether businesses are managing funds, paying taxes, or eyeing a potential opportunity, cannabis banking in Portland, Maine, is essential for the industry’s future. Safe Harbor Financial has already shepherded the Colorado cannabis industry to success, supporting dozens of businesses. In fact, we process in excess of $200 million monthly in cannabis payments; and we work alongside regulators and law enforcement to provide up-to-date advice.

Please submit an application or speak to our team to join Safe Harbor Financial. We’re dedicated to delivering industry-leading cannabis banking to Portland, Maine.

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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? +

Please complete the application process to join Safe Harbor:

  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.

While we accept applications from all cannabis-related businesses, we review applications using our in-house criteria. We ask that you provide the following documents:

  • 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

Please contact our team for any further questions about Safe Harbor Financial or the application process.

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

Yes. Our Portland, Maine cannabis banking services are open to:

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