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DEA Registration Pulls Lawyers and Payroll Firms Into Cannabis Banking | Trade to Black
Safe Harbor Financial (NASDAQ: SHFS) kicked off cannabis earnings season early, and CEO Terry Mendez joins the Trade to Black podcast to walk through the preliminary Q3 numbers. Host Shadd Dales and co-host Anthony Varrell go through trailing 14-day average deposits of $119.3 million as of September 30, up 7.4% year over year and roughly 25% above the May 2025 low of $95.3 million. Deposits grew 9.6% sequentially, more than double the 4.1% gain in Q2.Mendez explains where the growth is coming from, including new wins with payroll providers and payment processors, and why September came in…
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