Rockford Cannabis Banking

Charting your way through the tumultuous waters of the cannabis industry is never easy for cannabis-related businesses. Part of the challenge is the ongoing underbanking crisis. While Illinois has opened its doors to the marijuana industry, federal prohibition prevents major financial institutions from accepting cannabis accounts.

In 2015, Safe Harbor Financial was formed to deliver incredible financial services and regulatory advice to the nascent cannabis industry. Under our watch, we’ve processed more than $12 billion in cannabis-related funds, managed over 600 accounts, and operated in 20 states. 

Fed up with seeing cannabis businesses forced to either operate in cash or turn to disreputable financial organizations, we’ve spent the past seven years expanding our expertise and experience. Nor are we solely focused on dispensaries; we also provide CBD and hemp banking in Rockford. 

When you join Safe Harbor, you’ll gain access to checking and savings accounts, online banking, consumer payments, electronic tax payment, direct deposit payroll, and much more.

Speak to our team about joining one of America’s top cannabis financial institutions. 

Access the best marijuana banking in Rockford

Rockford, like the rest of Illinois, saw recreational marijuana become legal in 2019, following the Illinois Cannabis Regulation and Tax Act. It was the first time a state had legalized recreational sales by an act of the state legislature. 

Nicknamed the “Forest City” for its gardens and parks, Rockford is likely to experience another green resurgence – the burgeoning cannabis industry. 

Across the whole of Illinois, retail sales of recreational cannabis average an estimated $40 million in monthly revenue. More impressive, at maturity, the state is expected to generate between $2 to $4 billion in annual revenue. While Rockford is a smaller city, it can enjoy a sizable piece of the pie with the right guidance.

We’ve already guided Colorado’s cannabis industry to maturity – we’re ready to do it again. With new opportunities arising by the date, we’re here to advise and guide your business to fulfill its potential.

Ready to experience unmatched cannabis banking in Rockford? Call us for further details.