Across the US, cannabis-related businesses (CRBs) struggle to receive reliable financial services. Regardless of their success, every major financial institution refuses applications for an account or investment due to federal prohibition. It’s an ongoing crisis of underbanking in the industry.
While major financial institutions cannot support CRBs due to fear of prosecution or endless bureaucracy, we can. Safe Harbor Financial was conceived in 2015 as the answer to the underbanking crisis. In the past eight years, we’ve processed more than $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states across the US.
We’ve become one of America’s leading cannabis banks. Our personalized Pueblo hemp banking, impressive regulatory reporting, and range of financial services have saved and supported numerous CRBs. But we’re not finished. We want to ensure every CRB has access to the basics and beyond.
Our banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.
Whether you’re a grower, dispensary, or part of the new wave of innovative CRBs, no one has more experience than Safe Harbor Financial. Contact our team to become a member today.