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Washington DC Cannabis Banking

Gain access to unparalleled marijuana and hemp banking in Washington DC from one of the nation’s foremost cannabis banks. Safe Harbor Financial is committed to serving all sectors of the industry.

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Founded seven years ago, Safe Harbor Financial has a single mission: to save the cannabis industry from the underbanking crisis. Despite recreational marijuana becoming legalized in 2015, the federal government’s stance on marijuana prohibition prevents major financial institutions from handling funds from cannabis-related businesses.

Safe Harbor Financial exists to bridge this divide, helping businesses navigate the complex regulations and rules stifling Washington DC’s fledgling cannabis industry. Our Washington DC cannabis banking services include checking and savings accounts, online banking, consumer payments, electronic tax payment, direct deposit payroll, and more. 

No longer do businesses in Washington need to turn to dishonest or disreputable financial institutions. Through Safe Harbor, they’ve got access to reliable financial services, personalized banking advice, and regulatory rigor.

Let us know if you’re ready to capitalize on success – speak to our team today.

Washington DC cannabis banking services

For too many cannabis-related businesses, financial services are a luxury. We’re committed to ensuring all legitimate cannabis companies can access our comprehensive banking services. That includes checking accounts, electronic tax payments, and other day-to-day essentials. Through your personal banker, all bank members can access our full selection of 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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Achieve success with marijuana banking in Washington DC

Given the problems plaguing the cannabis industry are due to the federal stance on marijuana, it’s little surprise businesses here find themselves in a dilemma. Nowhere in the US are the cannabis laws so confusing.

With the federal government controlling roughly 29% of the district’s land area, cannabis is wholly illegal in these areas. Technically, legalization occurred in 2015, but opposition from Congress has prevented local governments from regulating cannabis sales like elsewhere.

For local cannabis-related businesses, this creates a headache of regulations and rules – as businesses try to exploit loopholes to function. That’s why businesses need reliable regulatory advice, so they can continue operating without fear of federal prosecution. Our strong reputation for regulatory advice and personalized banking means we’re the perfect financial institution for all marijuana businesses. 

We believe all legitimate cannabis-related businesses should have access to marijuana and hemp banking in Washington DC – become a member today.

Contact our team for further information about joining Safe Harbor Financial.

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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? +

Whether it’s our renowned financial services, regulatory support, or generous API on our loans, Safe Harbor Financial represents the best in cannabis banking. Tailored to your needs, we already process over $200 million monthly in cannabis funds for nearly 600 accounts.

Avoid dealing with unscrupulous lenders or disreputable organizations. You need a financial institution you can rely upon. We work with industry insiders to provide accurate information and maintain transparency and integrity throughout our business.

Why is cannabis banking in Washington DC so important? +

Businesses face untold challenges when operating without access to financial services. First, they handle all operations in cash – some even paying thousands in cash for taxes. That places an unnecessary strain on daily operations. 

Second, businesses must hire additional security, as the risk of theft and fraud increases for businesses functioning exclusively in cash. Safe Harbor Financial can protect your money and ensure you solve the complicated regulatory challenges that are unique to the nation’s capital. 

Who can access your financial services? +

We do not specialize in a particular cannabis sector; our services are available to all legitimate cannabis-related businesses. We handle funds for the following:

  • Growers
  • Dispensaries
  • Retailers
  • Cannabis associations
  • Service companies
  • Cannabis industry consultants
  • Landlords
  • Ancillary

To become a member: please submit an application via our website. After submission, we’ll review all the documents, conduct an interview and site inspection, and perform a business review. When you submit, we’ll need your business documents, marijuana license or certificate, and IRS EIN certification letter.