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Missouri Cannabis Banking

Discover Safe Harbor Financial’s Comprehensive Cannabis Banking in Missouri.

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Welcome to Safe Harbor Financial, a trusted banking partner for cannabis banking in Missouri, serving cannabis-related businesses (CRBs). Our expert team has provided comprehensive banking services to this industry since 2015. We understand the unique challenges and regulatory environment that CRBs face, and we’re here to help you navigate the complex landscape of marijuana banking.

Our mission is to provide reliable and secure financial solutions to the cannabis industry, empowering CRBs to grow and succeed. We’re committed to building long-term partnerships with our clients, offering industry-leading banking services and personalized support to meet your needs.

At Safe Harbor Financial, we believe that every CRB deserves access to comprehensive financial services. We’re here to help you manage your finances, reduce risks, and confidently grow your business.

So, join us today and discover how we can help you navigate the challenges of cannabis banking here.

Missouri Cannabis Banking Services

At Safe Harbor Financial, we understand that every marijuana-related business has unique banking needs. That’s why we offer a range of industry-leading banking services designed to meet the specific demands of Missouri’s cannabis businesses.

Our comprehensive suite of banking services includes the following:

  • 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

With Safe Harbor Financial, you can trust that you’ll have access to the banking services you need to navigate the complex landscape of the cannabis industry in Missouri. Our team of experienced professionals is dedicated to providing you with the resources and support necessary to help your business succeed.

Marijuana and Hemp Banking in Missouri: Current Rules and Regulations

We understand the challenges hemp businesses face in navigating the complex and ever-changing landscape of state and federal laws and regulations. That’s why we are dedicated to providing our clients with comprehensive and up-to-date information on the rules and regulations governing cannabis banking in this area.

In Missouri, medical marijuana has been legal since 2018, and dispensaries have been operational since 2020. Despite this progress, there are still significant legal and regulatory hurdles that marijuana businesses must navigate to operate in the state. 

Below, we provide an overview of the key laws and regulations that apply to cannabis banking in Missouri:

Missouri Medical Marijuana Program

The Missouri Department of Health and Senior Services implements and regulates the state’s medical marijuana program. The program oversees the licensing of dispensaries, cultivation facilities, and manufacturing facilities, as well as the registration of patients and caregivers.

Financial Institutions and Medical Marijuana Businesses

Missouri law allows financial institutions to provide banking services to medical marijuana businesses under certain conditions. Banks must conduct enhanced due diligence and report any suspicious activity related to medical marijuana businesses to state and federal regulators.

Federal Law

Despite the legalization of medical marijuana, marijuana banking in Missouri poses challenges due to its illegal status under federal law. Financial institutions must comply with federal regulations, including the Bank Secrecy Act, and carefully manage the risks of providing banking services to cannabis businesses.

We are committed to staying current on this industry’s latest legal and regulatory developments. We work closely with our clients to ensure they can operate legally and compliantly in Missouri and beyond.

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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 do I join Safe Harbor Financial’s hemp banking in Missouri? +

Safe Harbor Financial welcomes legal and legitimate CRBs. You can submit your application via our website by following these steps:

  1. Submit your application
  2. Document check and due diligence
  3. Interview, site inspection, and in-depth business review

We require the following documentation when applying:

  • All business documents (including bylaws and operating agreements)
  • Your marijuana license or certificate and a complete copy of your license application
  • Your IRS EIN Certification Letter

Please don’t hesitate to get in touch with our team if you have any further questions about Safe Harbor’s  marijuana banking in Missouri or the application process.

Do you serve all types of cannabis-related businesses? +

Yes. SHF welcomes all sectors of the marijuana industry that are affected by stringent federal regulations. Here’s a sample of the industries we cover:

  • Growers, manufacturers, and CBD extraction
  • Cannabis biotechnology firms
  • Dispensaries and retailers
  • Cannabis associations
  • Service companies
  • Hemp industry consultants
  • Landlords and ancillary
Do you have a loan program in your cannabis banking in Missouri services? +

Yes. To grow your CRB, you need access to a reliable and trusted source of financing. SHF members can access our loan program via their personal financial advisor. For further information, please refer to our loan program page.