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Safe Harbor Financial CEO Terry Mendez to Speak on Cannabis Banking Future at PBC Conference 2025
Globenewswireยท 2025-07-23 12:00
Core Insights - Safe Harbor Financial is a leader in providing compliant financial services to the regulated cannabis industry and will participate in the PBC Conference 2025 [1][3] - CEO Terry Mendez will discuss practical infrastructure for cannabis banking, emphasizing the need for actionable solutions rather than theoretical frameworks [2][3] - The company has processed over $26 billion in cannabis-related funds across 41 states and territories, highlighting its significant role in the industry [3][5] Company Overview - Safe Harbor is one of the first service providers to offer compliance and monitoring services to financial institutions serving the cannabis sector, contributing to safer communities and local economic growth [5] - The company implements high standards of accountability and transparency while adhering to Bank Secrecy Act obligations and FinCEN guidance [5] - Over the past decade, Safe Harbor has facilitated more than $25 billion in deposit transactions for cannabis-related businesses [5] Industry Context - The PBC Conference is a key event for decision-makers in financial services and cannabis, focusing on the challenges and opportunities in this rapidly growing sector [3] - The conference aims to address how financial institutions can refine their strategies to remain competitive and enhance customer experience in the evolving cannabis landscape [2][3]