Safe Harbor Brings Interest To Cannabis Accounts

Safe Harbor Financial has launched interest-bearing commercial deposit accounts for cannabis businesses nationwide. The product offering addresses the industry’s unmet need for interest-bearing options, which many smaller banks and credit unions currently do not provide. Through a strategic partnership with a proprietary financial institution, Safe Harbor says it can now offers cannabis businesses the opportunity to earn interest income without any maximum balance limitations.

“Interest-bearing accounts are especially important to large depositors in the current banking climate, and we’re proud to be able to offer our clients more of the important financial and treasury tools that they need to grow and protect their businesses, ” Sundie Seefried, CEO of Safe Harbor, said in a statement.

Seefried was recently a Global Cannabis Times Top 100 in Cannabis 2023 winner for Finance.

Golden, CO based Safe Harbor has been at the forefront in offering compliance, monitoring, and validation services to financial institutions serving the cannabis industry.  Over the past eight years, Safe Harbor has facilitated over $18 billion in deposit transactions for cannabis businesses operating in regulated markets across the United States, the company says.