× Close

Cannabis Banking in Rhode Island

Access secure, compliant business banking in Rhode Island with Safe Harbor Financial—the platform built exclusively for cannabis operators.

Get Started Here

Safe Harbor Financial is the established leader in cannabis banking, with over $25 billion in funds processed since launching the nation’s first compliant program in 2015.

We serve Rhode Island’s legal cannabis community—including dispensaries, cultivators, manufacturers, and hemp businesses—with full-service solutions: checking accounts, cash flow support, lending, digital payments, and mobile banking. Every service is built to meet the regulatory demands and operational needs of licensed operators across the state.

Rhode Island Cannabis Financial Services

  • 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 Rhode Island — Current Rules and Regulations

Rhode Island legalized adult-use cannabis in May 2022, with retail sales commencing in December 2022. The Rhode Island Cannabis Control Commission (CCC) assumed full regulatory authority over the state’s adult-use and medical cannabis programs on May 1, 2025 .

The CCC’s final regulations outline the licensing process for cannabis businesses, including dispensaries, cultivators, processors, and testing laboratories. The state plans to issue up to 24 new retail licenses, with allocations for social equity applicants and worker-owned cooperatives .

Applicants are required to demonstrate site control, comply with local zoning laws, and submit comprehensive business and operational plans. These include security protocols, staffing strategies, inventory tracking systems, and financial disclosures .

At Safe Harbor Financial, we’ve supported cannabis and hemp businesses nationwide since 2015, processing over $25 billion in cannabis-related funds. We provide Rhode Island operators with real banking solutions—checking, lending, payments, and mobile tools—delivered with deep regulatory expertise and a decade of cannabis-specific experience.

Note: For the most current information on Rhode Island’s cannabis regulations, please refer to the Rhode Island Department of Business Regulation – Office of Cannabis Regulation.

Open Your Account

Open your account today and take your cannabis business to the next level!

Open Your Account

Frequently Asked Questions

How Can I Join Safe Harbor Financial as a Member? +

Becoming a member of Safe Harbor Financial in Rhode Island is straightforward. Follow these steps:

  1. Apply Online: Initiate the process by submitting your application through our website.
  2. Document Review: Our team thoroughly examines your documents and conducts due diligence.
  3. Consultation and Assessment: We arrange an interview, visit your site, and conduct a comprehensive business assessment.

If you have any inquiries about cannabis banking in Rhode Island or the loan granting process or require assistance with your cannabis banking application, contact our team. We are here to support you at every stage.

Do You Offer a Member Loan Program? +

Our marijuana banking services include a specialized loan program for our bank members. Upon submitting your application, we conduct a thorough business review and document check, typically completing the process within 30 days.

Which Cannabis Businesses Do You Serve? +

We serve a broad spectrum of cannabis businesses. Safe Harbor Financial understands the challenges faced by Cannabis-Related Businesses (CRBs) within the current legal frameworks.

Our proficiency in Rhode Island cannabis banking extends across various sectors, encompassing service companies, ancillary businesses, growers, extractors, manufacturers, CBD retailers, consultants, and more.

If you’re seeking a reputable financial institution in Rhode Island, our cannabis banking team is ready to assist you.