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Toronto Cannabis Banking

Gain access to unparalleled marijuana and hemp banking in Toronto through Safe Harbor Financial. We’re an industry-leading institution committed to serving the Canadian cannabis industry.

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When Safe Harbor Financial was founded seven years ago, it faced a problem; US federal prohibition prevented major financial institutions from delivering financial services to the fledgling industry. Even in Canada, businesses were forced to go without, misrepresent their business, or turn to disreputable organizations due to US policy.

Safe Harbor Financial promised to do things differently. We’ve worked tirelessly to provide the financial services our clients so desperately need. Our Toronto cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payment, direct deposit payroll, and more.

No longer do businesses need to go without; through our support, everything from capital investment to personal banking was at their fingertips. As the industry continues to boom, banking excellence, quality regulatory advice, and financial guidance are more important than ever.

Let us know if you want to capitalize on your success – Safe Harbor Financial is ready.

Toronto cannabis banking services

Members of Safe Harbor Financial gain access to a varied collection of financial services unavailable in traditional institutions. From basics like checking accounts and online banking to electronic tax payments, our services help facilitate comprehensive banking for all legitimate cannabis-related businesses. Through your personal banker, you can use all our available services:

  • 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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Experience success with marijuana banking in Toronto

As the largest city in Canada, Toronto has experienced unprecedented growth in recent decades. When the federal government legalized recreational cannabis with the Cannabis Act, Toronto became a hotspot for the nation’s burgeoning cannabis industry.

In the years since, Ontario has moved forward, issuing a raft of permits to a generation of cannabis entrepreneurs. Everything from dispensaries to growing operations has sprouted across the city – and there’s even been interest in expanding into more value-added sectors, like cannabis beverages and CBD extraction.

What’s needed is an experienced financial institution to help guarantee the right to financial services. An institution experienced in navigating a mature cannabis market, and that liaises with the authorities to provide accurate, reliable regulatory advice.

That’s Safe Harbor Financial. Over the past seven years, we’ve processed more than $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states. Our experience in shepherding Colorado’s nascent cannabis industry has proved invaluable in helping our legitimate cannabis-related businesses achieve success. 

Now we’re ready to deliver impeccable cannabis banking in Toronto – speak to our team for further information.

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Open your account today to elevate your success!

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Frequently Asked Questions

How do I access cannabis banking in Toronto? +

You’ll need to submit an application with Safe Harbor to become a member. Once we’ve received your application, we perform a document check, then conduct an interview and site inspection. Finally, we’ll complete an in-depth business review.

As part of the application, we ask that you include:

  • 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 get in touch with our team for further information about joining SHF.

Does Safe Harbor have a loan program? +

Yes. You can apply for a loan from Safe Harbor via our application page. Please could you include:

  • All business documents and relevant information
  • Tax ID Number
  • A brief description of the use of funds
  • Business License
  • Type of loan needed
  • Personal credit history

Your application’s success is determined by your credit history, history of timely payments, bankruptcy history, and ability to repay the loan. Our targeted turnaround time for applications is 30 days.

What kinds of cannabis-related businesses do you serve? +

All of them. We’re committed to serving all sectors of the cannabis industry, from CBD extraction to dispensaries.