What types of cannabis businesses do you serve?

We serve a wide range of cannabis-related businesses, including plant-touching operations such as medical marijuana dispensaries and cultivators, as well as tier-3 ancillary businesses like agriculture suppliers, technology providers, and other companies that support the cannabis industry.

What documents do I need to open an account?

You'll typically need business formation and ownership documents, your EIN, applicable licenses, financial information, and identification for owners and authorized signers. Depending on your business, we may also request compliance records, expected account activity, or other supporting documentation. Our Cannabis Banking Specialists will walk you through what's needed.

Why do you need so much information if my business is already licensed?

Even if your business is properly licensed, we are still required to understand your ownership, business activity, expected transactions, and other details as part of the account-opening process. This helps us maintain a safe and compliant cannabis banking program.

Do ancillary businesses need to disclose cannabis customers?

Yes. If your business serves cannabis related customers, we'll need to understand that activity, including how much of your revenue comes from the cannabis industry and the types of businesses you serve. Full disclosure helps us properly evaluate and support your business.

How long does it take to open a cannabis business account?

Timing varies based on your business type, ownership structure, licensing, and how complete your application is. Providing accurate documents and responding promptly to requests can help avoid unnecessary delays.

Will I need to provide documents after my account is opened?

Yes. Cannabis banking requires ongoing review, so we may periodically request updated licenses, ownership information, financial records, or other documents. Keeping us informed of significant business changes can help make the process smoother.

What changes should I report to Guardians?

Let us know about significant changes such as new owners or management, locations or licenses, major investments, regulatory issues, or meaningful changes in your business activity. Keeping us updated helps us better understand and support your account.

Do you offer loan products for cannabis businesses?

Yes, we offer a variety of loan products tailored to cannabis businesses, including business loans, equipment financing, and credit cards. Contact us to learn more about how we can support your financial needs.

Is my money safe with a cannabis-friendly bank?

Absolutely. Safe Harbor of Florida is a division of Guardians Credit Union, which adheres to strict compliance and security protocols to ensure your funds are protected. We are committed to providing a secure and transparent banking experience for all our clients.