Cannabis-exclusive business software provider Safe Harbor has launched what it claims is the cannabis industry’s first comprehensive financial solutions platform, designed to help operators bank, borrow, operate, and grow with greater clarity, control, and financial stability.

The Golden, CO-based company said it rolled out the nation’s first compliant cannabis banking program 10 years ago, giving operators safe access to the financial system. Safe Harbor is now expanding beyond its banking foundation to address the industry’s broader financial health needs.

“Cannabis operators continue to face uncertain policy, complex regulations, high taxes, and limited access to qualified financial support. The platform brings key financial functions together under one brand, delivered by Safe Harbor along with trusted industry strategic partners,” the company said Nov. 17 in a media release.

The following is an overview of the Safe Harbor financial solutions platform:

• Bank: Safe Harbor continues to provide compliant financial access for licensed cannabis operators, including secure accounts, digital access tools, payment support, cash logistics coordination, and detailed reporting for audit and regulatory needs.
• Borrow: The company has broadened its lending program to include more flexible options for established cannabis operators, making capital more accessible across the industry. In addition, Safe Harbor said it will support financial institutions in reselling cannabis-related loans and managing portfolio risk, enabling greater capital flow into the sector.
• Operate: Safe Harbor now offers operational and financial support services, such as bookkeeping, payroll, reporting, collections, cash management, merchant services, HR, insurance, logistics, and other cannabis solutions.
• Grow: The platform also includes strategic finance and advisory services, including fractional CFO support, forecasting, budgeting, valuations, investor preparation, multi-entity structuring, IRS Section 280E guidance, and M&A support.

“Together, these solutions give cannabis businesses the flexibility to strengthen their existing finance teams or fill in gaps where support is needed,” Safe Harbor said. “For operators that prefer a more comprehensive approach, the platform can also serve as a fully outsourced financial solution. The combined services are intended to help businesses gain end-to-end financial clarity and control more efficiently and cost-effectively.”

Safe Harbor CEO Terry Mendez, who worked at Big Four accounting firm Deloitte early in his career, added, “This is a transformational moment for Safe Harbor and for the cannabis industry. We have expanded from a single-service provider into a multi-service financial platform that supports day-to-day operations, as well as long-term planning and oversight. Our goal is to help operators navigate a challenging environment with clearer information and more reliable financial infrastructure as we move toward becoming the SoFi of cannabis.”

The launch coincides with the debut of Safe Harbor’s new website at shfinancial.org, where cannabis operators can explore the full suite of financial solutions.

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