Schedule III ‘Doesn’t Do Much For Banking’: What’s Next For Cannabis Financial Access?
Tyler Beuerlein, chief strategic business development officer at Safe Harbor Financial, recently outlined the ongoing challenges and solutions within cannabis banking in an exclusive interview with Benzinga. Operating across state-legal markets and Puerto Rico, Safe Harbor aims to provide compliant financial services for cannabis businesses navigating complex regulatory environments.
Streamlining Cannabis Banking Services
As cannabis businesses expand nationally, Beuerlein explained, financial needs grow in complexity. Safe Harbor’s model aims to streamline these requirements, often consolidating numerous banking relationships into a single service. “We have a unique ability to streamline all of those into one relationship, save operators a significant amount of money, and then we’re lending,” he stated, noting that few institutions currently lend in this space.
With Safe Harbor’s services, cannabis operators can minimize expenses and gain easier …