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West Virginia Cannabis Banking

Unlock tailored cannabis banking solutions in Westminster with Safe Harbor Financial. Elevate your business to new heights with us.

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Getting reliable West Virginia cannabis banking services can be challenging for cannabis-related businesses (CRBs). Due to federal restrictions, big banks often avoid CRBs to sidestep legal issues and red tape. It leaves CRBs dealing with cash, hiding their actual business, or relying on questionable financial sources.

Safe Harbor Financial is well aware of these challenges and offers an alternative. We provide trustworthy, legal, and dependable financial services to most CRBs in West Virginia and nearby areas.

With our roots dating back to Colorado in 2015, we’ve played a pivotal role in nurturing the emerging cannabis industry. Over the years, our cannabis banking in West Virginia handled over $12 billion in cannabis transactions, managed nearly 600 accounts, and expanded to 20 states nationwide.

Trust a local institution with a wealth of experience. Join the Safe Harbor family for top-notch cannabis banking support.

West Virginia Cannabis Financial Services

Having a complete set of financial services is crucial in the business world. Whether handling payroll, managing invoices, or applying for a bank loan, having access to a wide range of financial solutions is vital for surviving and thriving.

At Safe Harbor, we offer all our members the full range of our services, including assistance with hemp banking in West Virginia loan applications. 

We understand your concerns and unique needs. Conversations with business owners and experts have highlighted two significant concerns — dealing with complex regulations and getting personalized help.

Keeping up with ever-changing laws has been challenging, and CRBs have often needed help finding financial advisors who truly understand their unique challenges.

In response, we’ve improved our services. Our regulatory guidance is always up to date. We work closely with regulators, lawmakers, and law enforcement to ensure that businesses get real-time updates on the ever-shifting legal landscape.

Additionally, each business is paired with a dedicated personal banker who offers personalized guidance on marijuana banking in West Virginia. Refrain from dealing with call centers or repeatedly explaining your business needs.

Our members enjoy various financial services tailored to their unique needs. At Safe Harbor, we’re here to help your business survive and thrive in the complex economic landscape of West Virginia. 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

Trusted Cannabis Banking Partner in West Virginia

The Medical Cannabis Act, signed into law in 2017, lets many West Virginia residents access new medical treatment options. It has also created jobs, with 332 direct positions and 1,884 more in construction, security, and transportation areas.

West Virginia now has nine cannabis dispensaries, two processors, and six growers, making West Virginia cannabis banking a necessity. The Office of Medical Cannabis approved over 7,000 medical cannabis card applications, providing patients with a preferred treatment option.

With a substantial increase in patient cards and operational dispensaries, the law and the Office of Medical Cannabis have positively impacted West Virginia, promising more industry growth and better care.

As the cannabis industry in West Virginia matures, we are poised to assist new, high-end businesses specializing in various cannabis-related sectors, such as vapes, edibles, beverages, and biotech. We’re equipped to handle emerging legislative issues and facilitate access to legal investment sources, ensuring you have all the tools you need to thrive.

Join the ranks of successful businesses with Safe Harbor’s distinguished cannabis banking in West Virginia services.

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Open your account today and take your cannabis business to the next level!

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Frequently Asked Questions

How Can I Become a Member of Safe Harbor Financial? +

Joining Safe Harbor Financial is easy. We welcome applications from all legal and legitimate CRBs. Here’s how to get started:

  1. Submit Your Application — Begin by applying on our website.
  2. Document Check and Due Diligence — Our team reviews your documents and conducts due diligence.
  3. Interview, Site Inspection, and Review — We schedule a consultation, visit your site, and thoroughly assess your business.

Please contact our team with questions about the process or Safe Harbor Financial. We’re here to help every step of the way with your cannabis banking in West Virginia application.

Do you have a loan program? +

Yes, we offer a comprehensive loan program exclusively available to our bank members. Please consult your financial advisors or visit our loan program page for more details. Once you send in your application, we will conduct a thorough business review and document check, typically within 30 days.

Do You Serve All Types Of Cannabis Businesses? +

Absolutely. We understand the challenges that all CRBs face under current legal regulations. Safe Harbor Financial supports all cannabis businesses needing reliable financial services. Our West Virginia cannabis banking expertise and experience extend to various sectors, including:

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