PDF Navigating Safe Harbor: Cannabis Banking in a Time of Uncertainty 153285675X PDF English

Navigating Safe Harbor: Cannabis Banking in a Time of Uncertainty

After Colorado voters approved the sale and use of medicinal and recreational cannabis, the state’s landscape was changed. Suddenly, dispensaries and grow houses were everywhere, and customers numbered in the tens, if not hundreds, of thousands. But federal laws make it difficult for cannabis businesses to open checking or savings accounts in federally insured financial institutions. It’s nearly impossible for these businesses to wire funds, access lines of credit, or maintain payroll accounts. The result is an industry that has been forced to pay its bills, employees, suppliers, and taxes in cash. Briefcases and backpacks full of cash. Enter Safe Harbor Private Banking. Concerned about the risks a cash-based industry poses to public safety, it plunged into cannabis banking determined to take money off the streets and to offer law-abiding businesses a port in a turbulent sea. Its experiences serving the cannabis industry offer a primer for other bankers considering a similar program and for policy makers and regulators eager to bring stability to a topsy-turvy marketplace.

Product details

  • Hardcover : 199 pages
  • Title : Navigating Safe Harbor: Cannabis Banking in a Time of Uncertainty
  • Language : English
  • ISBN-10 : 153285675X
  • Ranting : 3.7
 
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Navigating Safe Harbor: Cannabis Banking in a Time of Uncertainty

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Home Safe Harbor Private Banking
Navigating Safe Harbor by Sundie Seefried Federal laws make it difficult for cannabis businesses to open checking or savings accounts in federally insured financial institutions. The result is an industry that has been forced to pay its bills, employees, suppliers, and taxes in cash. Enter Safe Harbor Private Banking. Concerned about the risks a cash basedNavigating Safe Harbor by Sundie ...
Navigating Safe Harbor: Cannabis Banking in a Time of
Enter Safe Harbor Private Banking. Concerned about the risks a cash based industry poses to public safety, it plunged into cannabis banking determined to take money off the streets and to offer law abiding businesses a port in a turbulent sea.
Navigating Safe Harbor: Cannabis Banking in a Time of
Navigating Safe Harbor: Cannabis Banking in a Time of Uncertainty 118. by Sundie Seefried. Paperback $ 49.99 ... Enter Safe Harbor Private Banking. Concerned about the risks a cash based industry poses to public safety, it plunged into cannabis banking determined to take money off the streets and to offer law abiding businesses a port in a ...
Title: “Navigating Safe Harbor – Cannabis Banking In A
Navigating Safe Harbor by Sundie Seefried. Federal laws make it difficult for cannabis businesses to open checking or savings accounts in federally insured financial institutions. The result is an industry that has been forced to pay its bills, employees, suppliers, and taxes in cash. Enter Safe Harbor Private Banking.
Book Safe Harbor Services
Navigating Safe Harbor, a book by Sundie Seefried. Federal laws make it difficult for cannabis businesses to open checking or savings accounts in federally insured financial institutions. The result is an industry that has been forced to pay its bills, employees, suppliers, and taxes in cash. Enter Safe Harbor Private Banking.
Legal cannabis industry needs access to secure banks
Sundie Seefried is the CEO of Partner Colorado Credit Union & Safe Harbor Services, LLC and author of “Navigating Safe Harbor — Cannabis Banking in Uncertain Times.” Advertisement Most Read ...
Home Safe Harbor Services
The Safe Harbor Program™ is the nation’s first service based program that specializes in connecting cannabis related businesses (CRBs) with financial institutions. We provide solutions for the due diligence, monitoring, and reporting issues that are typical barriers to establishing a banking relationship that follows FinCEN guidelines.
Cannabis Banking and 3rd Party Support… On Board or Not
Safe Harbor Private Banking has no regulator endorsements, express or implied, related to information contained herein or related to the Safe Harbor Private Banking Program. The rights to the book, Navigating Safe Harbor, are owned by Partner Colorado Credit Union and the author, Sundie Seefried.
Solving the Cannabis Banking Issue: De Novo Bank Credit
To assist other financial institutions interested in serving this emerging market, she authored the book ‘Navigating Safe Harbor – Cannabis Banking in Uncertain Times’ in 2016, which is available at SafeHarborPrivateBanking or .

Navigating Safe Harbor: Cannabis Banking in a Time of Uncertainty

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