Business
Safe Harbor Financial Named the Preferred Facilitator of Financial Services to the American Trade Association for Cannabis & Hemp (ATACH)
Partnership expands Safe Harbor's suite of financial services offerings to ATACH's members and advocacy network of over 1,000 State Licensed Permit Holders
About this update from Shf Holdings, Inc.
[{"type":"text","content":"Partnership expands Safe Harbor's suite of financial services offerings to ATACH's members and advocacy network of over 1,000 State Licensed Permit Holders \nARVADA, Colo., Oct. 17, 2022 /PRNewswire/ -- SHF Holdings, Inc., d/b/a/ Safe Harbor Financial (\"Safe Harbor\" or the \"Company\") (NASDAQ: SHFS), a leader in facilitating financial services to the regulated cannabis industry, today announced it has been selected as the preferred facilitator for financial compliance, validation, and onboarding services for the American Trade Association for Cannabis & Hemp (ATACH), an organization that promotes the expansion, protection, and preservation of businesses engaged in the legal trade of industrial, medical, and recreational cannabis and hemp based products.\nATACH members and network of state-level memorandum of understanding (\"MOU\") partners through ATACH National Council of State Organizations, which includes over 1,000 state licensed permit holders will be eligible to take advantage of Safe Harbor's established relationships with its financial institution clients offering traditional financial services to cannabis, hemp, and CBD related businesses including: business checking and savings, debit cards, online and mobile banking, wire services, ACH transactions, treasury services, and payroll solutions as well as lending services.\n\"The partnership with ATACH will help deliver compliant financial solutions for licensed cannabis operators by making available to all of its members access to financial services through our financial institution clients and using our compliance and onboarding services,\" stated Sundie Seefried, Founder and Chief Executive Officer of Safe Harbor. \"As the premier cannabis-focused financial solutions provider to the cannabis industry, we are strongly positioned to assist the industry's most influential trade organization.\"\nEstablished in 2015, Safe Harbor was formed to address an unmet need, providing compliant access to banking and financial services to the rapidly growing U.S. cannabis industry. Since inception, Safe Harbor has assisted with the onboarding of over $14 billion in transactions. As legislative reform unfolds in the U.S., Safe Harbor's platform is uniquely positioned to remain the standard for cannabis financial services.\n\"We're excited to connect our members to a reliable partner...