In this episode i speak withTyler Beuerlein Chief Strategic Business Development Officer at Safe Harbor Financial .
We cover a range of topics, including.
- Dealing with regulators as a cannabis finanacial institution
- What does transparency mean in cannabis financial services
- Regulators; The FFIEC Federal Financial Institutions Examination Council’ “Just Winging It?”
- Wall St & regulators coming to the cannabis financial experts to understand how the sector actually works
- Yes…. SAFE Banking ! Is it relevant anymore ?
- Visa & Mastercard
- Law enforcement methadologies & how that effects lending to legal cannabis businesses
- If you make it in cannabis you can make it in anything?
- Cannabis business and finance and unintended consequences
In his role at Safe Harbor Financial as Chief Strategic Business Development Officer, Tyler leverages his extensive experience in building brands, managing key relationships and strategic partnerships. Tyler has been at the forefront of the cannabis industry over eight years and touches Financial Institutions, Government Officials, Regulatory Bodies and the State Legal Cannabis industry.
This is what Safe Harbor say about themselves
Safe Harbor Financial Services has been a leader in the cannabis banking space since the launch of the Colorado market in 2014. My role with the company touches all aspects of the business. I spent nearly eight years with Hypur, Inc. on the financial services side of the cannabis industry prior to joining the Safe Harbor team. The relationships and industry knowledge gained over that time will help guide our strategic initiatives as Safe Harbor enters the public realm. If you have a need for any financial services or need guidance please do not hesitate to contact me directly. Email: [email protected]
Your Cannabis Banking Partner
We believe all cannabis businesses should have access to stable, secure, and transparent financial services. Built on modern cloud-hosted technology by banking and compliance experts, Safe Harbor’s digital-first commercial banking solutions make cannabis banking easy.
Our Mission
To empower the cannabis industry with innovative financial services, giving cannabis businesses the freedom to grow and succeed while expanding the access of cannabis within their communities.
Our Vision
Safe Harbor Financial is a seasoned navigator and pioneer of innovation, leading the way and fostering smooth sailing through the complex sea of cannabis banking, all while upholding trust and transparency for all clients and partner financial institutions.
Our Story
Safe Harbor Financial was conceived in 2015 as a solution to a major problem that plagued the nascent legalized cannabis industry in Colorado — access to reliable and compliant financial services.
Once SHF addressed the local Colorado issues surrounding lack of banking and industry participants became banked, clients started seeking out-of-state licenses — leading SHF to address the same issues on a national level.
As a result, Safe Harbor is now offering banking, payments, and lending services to licensed and ancillary cannabis businesses nationwide.
Navigating Steady Success
Since inception, Safe Harbor has processed more than $21 billion in cannabis related funds into the financial system with the highest level of monitoring and validation. SHF has successfully completed 16 state and federal exams without interruption to services.
The Safe Harbor portfolio is composed of nearly 600 accounts managed by 13 private bankers. The portfolio was built in a methodical manner to ensure continuity of service while under great regulatory scrutiny. Annual deposits/cash flow in 2021 were approximately $4 billion.
Safe Harbor has enjoyed a great track record of securing and retaining clients with its existing value proposition.
In late 2021, Safe Harbor Financial acquired fintech Abaca, a comprehensive cannabis banking and financial platform. This strategic integration allowed us to bring even greater value to our customers through proprietary technology and proven partnerships.
