Safe Harbor Launches Fully Managed Cannabis Banking Program Across 41 States

Two fintech companies, Green Check and Safe Harbor Financial, have launched fully managed cannabis banking services designed to help financial institutions scale their cannabis banking programs while minimizing compliance risks and operational burdens. Green Check Managed Services offers onboarding, due diligence, risk monitoring, SAR drafting, and portfolio management to banks and credit unions, enabling program growth without additional internal staffing. Similarly, Safe Harbor Financial introduced the industry’s first fully managed cannabis banking program, outsourcing all operational and compliance functions while allowing partner institutions to hold deposits directly. Safe Harbor's program is notable for its scale, having processed over $26 billion in cannabis-related deposits across 41 states since 2015, and aims to provide a low-risk, turnkey solution that protects institutions from reputational exposure. Both companies emphasize the growing market opportunity in cannabis banking, with Safe Harbor’s stock surging due to investor confidence in its innovative model. The launches reflect increasing demand among financial institutions for compliant, scalable infrastructure to safely engage with the expanding legal cannabis market.