Safe Harbor selected by Canopy HR to support cannabis payroll banking

SHF Holdings (SHFS) announced that Canopy HR selected Safe Harbor to support nearly all of its cannabis payroll banking operations. The engagement represents a major new banking client win for Safe Harbor and is expected to contribute meaningfully to deposits, payments activity, and long-term revenue growth. Alongside this engagement, Safe Harbor is introducing a new cashflow solution that allows cannabis operators to keep payroll-related funds in their accounts for up to two additional days every payroll cycle. This new feature, called Payroll Boost, strengthens weekly liquidity without requiring any changes to payroll workflows and leverages information already collected by participating payroll providers, allowing the solution to scale efficiently across large client populations. The offering reflects Safe Harbor’s deep cannabis-sector expertise, including leadership with direct operator-side experience, ensuring the solution addresses the real cashflow pressures cannabis businesses face.