• Episode 121 - Banking in the Cannabis Industry

  • Apr 1 2022
  • Length: 15 mins
  • Podcast

Episode 121 - Banking in the Cannabis Industry

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  • Summary

  • Safe Harbor Financial helped pioneer cannabis banking. In November 2012, Colorado voters passed amendment 64, legalizing the sale and use of recreational marijuana. As a result, entrepreneurial businesses focused on cannabis products grew just as fast as the unprecedented consumer demand for recreational marijuana. In response to this new and growing industry, Safe Harbor Financial CEO/President, Sundie Seefried, helped establish a safe, legitimate banking option for their cannabis clients. Today, Safe Harbor Financial manages over 600 cannabis banking accounts and has processed over $11 billion dollars. This episode goes into the challenges facing cannabis businesses seeking financing, how Safe Harbor Financial has met the challenges and how they stay ahead in an evolving industry by giving cannabis businesses the financial tools they need for success. Plus, hear about the philanthropic efforts by Safe Harbor Financial and Seefried to make communities around the world better.

    Learn more about Safe Harbor Financial at www.shfinancial.org.
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