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Texas Cannabis Banking

Your Trusted Choice for Texas Cannabis Banking Services

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Welcome to Safe Harbor Financial, your comprehensive and industry-leading cannabis bank in Texas.

We are dedicated to supporting cannabis-related businesses (CRBs) that navigate the challenging terrain of the industry. Our primary goal is to provide reliable banking services to CRBs in Texas, a state with a complex and rapidly evolving regulatory environment.

Our team has built a reputation for supporting marijuana businesses across the United States, with a special focus on serving those disadvantaged by the banking industry. As a leading provider of cannabis banking in Texas, we are committed to assisting the industry, ensuring integrity and compliance are at the forefront of our services.

Our vision is to provide CRBs with the peace of mind of having access to a secure and trusted banking partner. We work hard to meet our client’s financial needs while minimizing the risk of compliance issues.

We’re here to help you navigate the ever-changing landscape of the cannabis industry in Texas. Join us today and discover the benefits of a comprehensive and industry-leading marijuana bank.

Texas Marijuana Banking Services

At Safe Harbor Financial, we provide comprehensive and industry-leading financial services to cannabis-related businesses (CRBs) in Texas. We aim to make it easier for you to manage your finances and grow your business. 

Our services include:

  • 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

As experts in marijuana banking in Texas, we offer an extensive array of services designed to address the financial requirements of CRBs. We aim to establish a convenient one-stop shop for all your banking needs.

Whether you want to manage your finances, grow your business, or access financing, we have the necessary solutions. Our team of financial experts is ready to help you negotiate the complex financial landscape and achieve your business goals.

Marijuana and Hemp Banking in Texas: Current Rules and Regulations

While the state allows for using the low-THC cannabis oil for medicinal purposes, marijuana use for recreational purposes remains illegal. It makes it difficult for hemp-related businesses to access traditional banking services, as many banks are hesitant to work with these businesses due to the potential legal repercussions.

However, at Safe Harbor Financial, we have taken the time to understand the complex rules and regulations in Texas to provide our clients with compliant marijuana banking services. We work closely with state and federal regulators to ensure our banking services comply with all applicable laws and regulations.

Here are some of the key rules and regulations governing marijuana banking in Texas:

  • The Texas Department of Public Safety (DPS) regulates the Compassionate Use Program, which allows low-THC cannabis oil for certain medical conditions.
  • All cannabis-related businesses in Texas must have a state-issued license to operate legally.
  • There is a bill in the Texas legislature that would expand the state’s medical marijuana program and could potentially make it easier for these businesses to access banking services.

Navigating the rules and regulations for marijuana banking can be challenging. Still, we have the expertise and industry-leading knowledge to provide our clients with the banking services they need to succeed. Contact us today to learn more.

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Frequently Asked Questions

How do I join Safe Harbor Financial’s Cannabis Banking in Texas? +

Safe Harbor Financial is open to legal and legitimate CRBs. If you’re interested in applying, you can do so through our website by following these steps:

  1. Submit your application
  2. Document check and due diligence
  3. Interview, site inspection, and in-depth business review

We also require you to submit relevant documentation when applying, including all business documents (bylaws and operating agreements), your marijuana license or certificate, a complete copy of your license application, and your IRS EIN Certification Letter. 

Please get in touch with our team for any further questions about the application process.

Do you have a loan program for Texas cannabis banking? +

Yes, we do. To help your CRB grow, you need access to a reliable and trusted source of financing. At Safe Harbor Financial, our members can access our loan program through their financial advisor. For further information, please refer to our loan program page.

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

Absolutely. We welcome all sectors of the marijuana industry affected by stringent federal regulations. Here’s a sample of the industries we cover:

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