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Burlington Cannabis Banking

Grow your business with marijuana and hemp banking in Burlington. Become a member of Safe Harbor Financial; we’re one of the industry-leading cannabis financial institutions.

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Navigating the complex legal and regulatory landscape is a challenge for all cannabis-related businesses. With no major financial institutions willing to cater to the cannabis industry due to federal prohibition, Safe Harbor Financial stepped up.

After seeing the chronic underbanking crisis plaguing the industry, we were established to ensure that legitimate cannabis-related businesses could access the needed services. In the past seven years, we’ve processed over $1.2 billion in cannabis-related funds, managed nearly 600 accounts, and operated in 20 states. 

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

Nor do we focus on only one sector of the industry – our expertise spans marijuana, hemp, and CBD. No matter your sector, we’re the cannabis bank for you.

Burlington cannabis banking services

No matter your sector within the industry, Safe Harbor Financial is committed to providing financial services to all legitimate cannabis businesses. We’re experienced in everything from CBD extraction to large-scale grow operations.

When you become a member, you’ll gain access to all our 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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Elevate your business with marijuana banking in Burlington

As the principal city in Vermont, Burlington has been a regional hotspot for the burgeoning cannabis industry. Yet, despite numerous dispensaries opening, sales of recreational cannabis took slower to take off, with state-licensed medical cannabis dispensaries only allowed to sell to all adults on May 1, 2022, and retailers from October 2022.

That means the opportunities for cannabis businesses are still increasing as the industry diversifies and matures. But with a thriving tourism industry – and numerous annual festivals – Vermont’s biggest city is poised to see substantial growth in the cannabis industry.

What’s needed is an experienced cannabis financial institution to advise and guide businesses through this complex legal and regulatory landscape.

Safe Harbor Financial prides itself on being a part of the community. In Colorado, we forged a path for cannabis banking, pioneering new tools and approaches. Under our guidance, businesses could grow and adapt despite the changing market. 

As the industry continues to evolve, we’re proud to pass along the lessons and expertise we’ve learned. We’re dedicated to delivering the best marijuana banking in Burlington.

Speak to our team for further details. 

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Open your account today to elevate your success!

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Frequently Asked Questions

How do I apply to join Safe Harbor Financial? +

Please complete the application process to join the institution. There are three simple steps:

  1. Submit your application
  2. We’ll perform document checks and due diligence
  3. We’ll conduct an interview, site inspection, and in-depth business review.

When submitting your application, please remember to include the following documents:

  • 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

For any further questions about Safe Harbor or the application process, please get in touch with our team.

Why is cannabis banking in Burlington so important? +

As the rules and regulations shift, ensuring your business remains 100% regulatory compliant should be a top priority. You want to do business safely in the knowledge that you’re not going to face penalties from federal prosecutors or financial regulators.

Moreover, only with access to financial services, including capital investment, can a business succeed and grow. Cannabis banking in Burlington is critical for the day-to-day operations of any company.

What kinds of cannabis businesses do you serve? +

All of them. Regardless of your sector, so long as the cannabis business is legal and legitimate, you can apply to become a Safe Harbor member. Here’s a list of the main types of businesses we serve:

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