Safe Harbor Financial (SHF) provides compliance infrastructure and financial services that enable banks and credit unions to serve cannabis-related businesses (CRBs). Cannabis remains a Schedule I controlled substance federally, which creates steep BSA/AML compliance obligations for any financial institution serving CRBs — obligations most banks are unwilling to take on. SHF fills that gap by acting as the compliance layer, handling KYC/AML monitoring, customer due diligence, and SAR filings on behalf of partner financial institutions, primarily Partner Colorado Credit Union (PCCU). SHF is not itself a bank — it does not hold deposits or make loans on its own balance sheet. Instead, PCCU holds the accounts while SHF manages the compliance work that makes it possible. SHF also sources, underwrites, and services commercial loans to CRBs on PCCU's behalf, typically senior secured against real estate or equipment. SHF earns revenue three ways: onboarding and monthly account fees from CRBs, a share of investment income PCCU generates from CRB deposits, and up to 65% of loan program income from PCCU's CRB loan portfolio. Revenue is highly concentrated — PCCU accounts for roughly 87% of total revenue. SHF is expanding into managed services (outsourced finance, accounting, and IT directly to CRBs) and private capital lending partnerships to grow loan volume beyond what PCCU's deposit base supports. The key regulatory risk is cannabis rescheduling or passage of the SAFER Banking Act, either of which could lower barriers for larger, better-capitalized banks to enter the market.