Safe Harbor Financial and Würk Form Partnership to Enhance Cannabis Industry Services

LOS ANGELES- Safe Harbor Financial, a fintech company specializing in financial services for the regulated cannabis industry, has entered into a strategic partnership with Würk, a human capital management firm focused on the cannabis sector. The collaboration aims to provide cannabis businesses with access to compliant financial services and workforce management solutions.​

Under the agreement, Würk will refer cannabis-related businesses to Safe Harbor’s banking solutions, while Safe Harbor will direct clients to Würk’s human capital management services. This mutual referral arrangement seeks to address challenges faced by cannabis operators, particularly in securing banking services and managing workforce compliance.​

Deborah Saneman, CEO of Würk, highlighted that as of 2023, 70% of cannabis businesses identified limited access to banking or investment capital as a significant hurdle. She stated that the partnership with Safe Harbor aims to connect clients with essential resources to support their operations. ​

Terry Mendez, CEO of Safe Harbor Financial, emphasized the partnership’s goal of addressing persistent challenges in the cannabis industry by linking clients to Würk’s workforce tools and providing access to Safe Harbor’s financial services. ​

The agreement is non-exclusive, allowing both companies to maintain relationships with other industry clients and partners. The partnership aims to assist cannabis entrepreneurs in overcoming financial and operational challenges that may impact their competitiveness and growth.