Safe Harbor to Lead Cannabis Banking Panel Amid Federal Policy Shifts
Event summary
- Safe Harbor CEO Terry Mendez will moderate a cannabis banking panel at the PBC Conference on September 9, 2026.
- Panel includes executives from Greenbax Marketplace, United Prairie Bank, CFG Bank, and First Fidelity Bank.
- Safe Harbor Institutional offers modular support for banks managing cannabis-related businesses.
- Company has processed over $36 billion in cannabis-related depository funds across 41 states.
- Conference takes place amid pending federal cannabis rescheduling proceedings.
The big picture
Safe Harbor's panel comes at a critical juncture for cannabis banking, with federal policy shifts potentially altering the industry's risk profile. The company's focus on scalable infrastructure highlights the ongoing need for specialized solutions as financial institutions navigate complex compliance requirements. With over $36 billion in processed funds, Safe Harbor is positioning itself as a key enabler for banks looking to manage cannabis-related businesses efficiently.
What we're watching
- Regulatory Shifts
- How pending federal cannabis rescheduling may impact financial institutions' risk assessments and participation in cannabis banking.
- Operational Scaling
- Whether Safe Harbor's modular support model can effectively address the complex compliance demands of cannabis banking.
- Market Expansion
- The pace at which more financial institutions may enter the cannabis banking space following potential policy changes.