DENVER – SHF Holdings, Inc., d/b/a
Safe Harbor Financial launched its
Fully Managed Cannabis Banking Program, believed to be the industry’s first solution offering complete operational and compliance outsourcing for financial institutions.
The turnkey program is designed for community banks, credit unions, and financial institutions seeking to serve the legal cannabis market without expanding internal teams, taking on new risk, staffing or marketing cannabis services directly. From client acquisition
and onboarding to compliance oversight and account support, Safe Harbor handles 100% of the program operations while deposits are held directly by the partner institution.
“Banks and credit unions often want to serve the cannabis market but are constrained by staffing limitations or reputational concerns,” said Kimberly Seefried, vice president of Safe Harbor and head of the Company’s Fully Managed Cannabis Banking Program.
“This program eliminates those barriers.”
Safe Harbor’s Fully Managed Program represents a strategic expansion of a model the company has privately operated since 2015.
The program also offers a seamless exit strategy for institutions winding down cannabis banking operations, enabling them to transfer deposit management and client servicing to Safe Harbor without disrupting relationships.
About Safe Harbor
Safe Harbor is a cannabis-exclusive financial platform delivering banking, lending, payments, and business services tailored to how the cannabis industry
actually operates. As one of the original pioneers of compliant cannabis banking in the U.S., Safe Harbor has facilitated more than $25 billion in cannabis-related transactions across 41 states and territories. Through its proprietary Cannabis Banking Solutions Platform and network of regulated financial institution partners, Safe Harbor empowers cannabis operators to gain clarity, control and confidence in their financial operations.
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