Safe Harbor says cannabis banking deposits rebounded as DEA registration expands compliance needs

Safe Harbor Financial reported a preliminary $119.3 million trailing 14-day average deposit balance at September 30, up 7.4% from a year earlier, while its CEO outlined new opportunities involving payroll and payment firms that serve DEA-registered operators. Oklahoma businesses should expect banking due diligence to extend further into vendors, ownership structures, and 280E allocation as federal registration becomes part of medical cannabis operations.