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Salt Lake City Cannabis Banking

Navigate your way to success with marijuana and hemp banking in Salt Lake City. Safe Harbor Financial is one of America’s foremost cannabis banks dedicated to serving all sectors of the industry.

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In the seven years since Safe Harbor Financial was founded, we’ve processed over $12 billion in cannabis-related funds, managed nearly 600 accounts, and operated across 20 states. What began as a vision to rescue the underbanked Colorado cannabis industry has expanded to cover all cannabis-related businesses struggling to secure financial services.

Despite the legalization of medical marijuana, the federal government’s prohibition means major financial institutions are prevented from accepting cannabis-related companies. That’s why Safe Harbor Financial was founded in 2015 – we deliver the best cannabis banking in Salt Lake City.

Our Salt Lake City cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payments, direct deposit payroll, and more.

You need a reliable and experienced cannabis bank in Salt Lake City; you need Safe Harbor Financial. Contact our team to find out more about becoming a member.

Salt Lake City cannabis banking services

Our comprehensive cannabis banking services are the remedy to the crisis of underbanking. We tailored our services to the needs of businesses, listening to what you want and delivering. Whether you operate in CBD extraction or you’re a cannabis biotech lab, we’ve got the expertise and regulatory experience to support your business. All members of Safe Harbor gain access to our full selection of financial services, including:

  • 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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Grow your business with marijuana banking in Salt Lake City

We pride ourselves on being a part of the community. Wherever we operate, we become the experts on the relevant laws and regulations governing the industry and the specific demands of the region. 

In Utah, cannabis remains illegal for recreational use. However, the legalization of medical marijuana has opened a small yet growing industry of dispensaries, grow facilities and ancillary support. There’s plenty of room for businesses to operate and grow. Indeed, CBD extraction and products is a thriving industry, and low-THC CBD oil has been legal since 2014.

Yet, to operate successfully, businesses need the regulatory support and financial services only we can provide. We’ll help you navigate the intricacies of Salt Lake City’s cannabis banking rules – so you can operate safely in the knowledge you’re protected.

Moreover, if and when recreational marijuana is legalized, we’ll support your business during this critical transition. We’ve done it before in Colorado and elsewhere – we’re perfectly positioned to do it again.

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Open your account today to elevate your success!

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Frequently Asked Questions

How do I join Safe Harbor Financial? +

Please submit an application to our team for review. During the application phase, we’ll perform a document check, conduct an interview and site inspection, and 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. 

Why choose Safe Harbor Financial? +

During our seven years, Safe Harbor Financial has earned a reputation for personalized cannabis banking and impeccable regulatory compliance. We go above and beyond for our members. That’s why every member gets a personal banker – so they have all the support they need. 

In addition, we process more than $200 million per month. No other cannabis bank is as dedicated, versatile, or experienced as Safe Harbor Financial. Only we can ensure you’re ready to succeed.

Do you have a loan program? +

Yes. We accept applications for loans via our website. Please submit the application alongside the following documents:

  • 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.