Safe Harbor Financial

With deep roots in the Colorado financial world, it’s no wonder we helped to pioneer cannabis banking. Since we were originally created by Partner Colorado Credit Union, we bring over 90 years of financial service to the table, giving you peace of mind that we’ll be here. Today and tomorrow.

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, growing as fast as the strong demand for the product. Unfortunately, federal laws did not change, making it nearly impossible for these businesses to conduct banking in federally insured financial institutions.

As a result, marijuana businesses operated in a cash-based landscape, paying rent, salaries, taxes, etc. with grocery bags full of cash. The prospect of robbery, fraud and worse made this approach unsustainable. In July 2014, a group of attorneys, representing a number of cannabis- related businesses, approached Partner Colorado Credit Union to help establish a legitimate banking option for their clients. By the beginning of 2015, Safe Harbor Private Banking opened for business. Today, As Safe Harbor Financial, we continue to proudly forge the way for safe, legal banking for the flourishing cannabis industry.