What 420 IT Solutions does

420 IT Solutions is a US-based consulting and managed services firm founded in 2009 that delivers specialized compliance, audit, accounting, advisory, and back-office support services to the regulated cannabis industry. The firm serves multi-state operators, single-state operators, ancillary cannabis businesses, hemp and CBD businesses, social equity operators, and financial institutions that service the cannabis sector, addressing the fragmented and complex compliance landscape created by conflicting state and federal regulatory regimes.

The company's core offerings are organized into four service pillars: Compliance and Risk Services (banking, lender, insurance, and payment processor compliance, internal control assessments, risk assessments, and third-party inspections); Financial Operations and Special Situations (inventory audits, asset validation, site audits, receivership support, and business asset analysis); Audit and Assurance (financial, operational, technology and cybersecurity, and track-and-trace audits, plus due diligence); and Forensic and Advisory Services (forensic accounting, investigations, data recovery, litigation support, and compliance advisory). These are delivered through a direct B2B consulting motion with quote-based pricing for specialized engagements.

In December 2025, Safe Harbor Holdings acquired 420 IT Solutions' core assets and client contracts in a talent-led strategic transaction structured with performance-based consideration tied to revenue milestones of $5 million in 2026 or $6 million in 2027. Following the acquisition, the founding team (Frank Salluce and David Smokler, both now Managing Directors at Safe Harbor) continues serving clients within Safe Harbor's integrated cannabis financial platform, which adds banking, lending, payments, treasury, and cash management to the firm's traditional compliance and audit offerings.

Name

420 IT Solutions

Legal name

420 IT Solutions

Website

https://420itsolutions.com

Company type

Private

Founded year

2009

Operating status

Acquired

Headcount range

11–50 employees

Short description

420 IT Solutions provides compliance, audit, and advisory services for cannabis operators and financial institutions. Founded in 2009 and acquired by Safe Harbor Holdings in December 2025, the firm now operates within Safe Harbor's integrated cannabis financial platform offering banking, lending, payments, and treasury services.

Ownership category

akta.pro rank

Headquarters

HQ city

Red Bank

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Consulting and Managed Services: 420 IT Solutions generated revenue through consulting and managed services for the cannabis industry, providing compliance, audit, and advisory services to cannabis businesses and financial institutions. The company operated for over 15 years before being acquired by Safe Harbor Holdings in December 2025 with performance-based consideration tied to revenue milestones.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

420 IT Solutions provides specialized compliance, audit, accounting, advisory, and back-office support services to cannabis businesses and financial institutions. The firm delivers banking, lender, insurance, payment processor, and regulatory compliance, as well as financial audits, operational audits, forensic accounting, inventory audits, and receivership support. Following its December 2025 acquisition by Safe Harbor Holdings, the offering is delivered as part of Safe Harbor's broader cannabis financial platform.

Product overview

420 IT Solutions, now part of Safe Harbor, is a suite of cannabis compliance, audit, and advisory services delivered through a platform-plus-modules architecture. The core offerings consist of four main service pillars: Compliance & Risk Services, Financial Operations & Special Situations, Audit & Assurance Services, and Forensic & Advisory Services. These core services are now integrated with expanded modules including Cannabis Banking Services (business checking, treasury, payments), Lending Solutions, and Back-Office Support, all built specifically for the regulated cannabis industry. For over 15 years, the company has helped cannabis businesses and financial institutions navigate complex compliance, operational, and regulatory challenges.

Differentiator

Problem solved

Functional benefit

Products and services

• Compliance & Risk Services Comprehensive compliance services including banking compliance, regulatory compliance, lender compliance, insurance compliance, payment processor compliance, third-party inspections, internal control assessments, and risk assessments tailored for cannabis businesses and financial institutions.
• Financial Operations & Special Situations Specialized financial operations support including inventory audits, asset validation, site audits, receivership support, and business asset analysis for cannabis businesses navigating complex regulatory environments.
• Audit & Assurance Services Audit and assurance offerings covering financial audits, operational audits, due diligence, internal and external audit services, technology and cybersecurity audits, and track and trace audits for cannabis operators and financial institutions.
• Forensic & Advisory Services Expert forensic accounting, investigations and discovery, data recovery and analysis, litigation support, and compliance advisory services for cannabis businesses and financial institutions.

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Safe Harbor Holdings, Inc.coreStrategic or Co-development Partner · 23 December 2025Safe Harbor Holdings, Inc. acquired 420 IT Solutions' core assets and client contracts in December 2025. The acquisition was structured as a talent-led strategic transaction to expand Safe Harbor's consulting and managed services platform for the cannabis industry. The deal involved performance-based consideration with revenue milestones of $5 million in 2026 or $6 million in 2027. Following the acquisition, 420 IT Solutions' team and clients continue under Safe Harbor with access to expanded banking, lending, payments, and treasury capabilities.

Scale indicators2 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• MGO (Macias Gini & O'Leary): One of the largest U.S. accounting firms dedicated to the cannabis industry, providing audit, tax, and advisory services to MSOs and ancillary businesses. Directly comparable in service mix (cannabis-specific compliance, audit, advisory) and target customer base.
• Vicente Sederberg: A leading cannabis-focused law and consulting firm offering regulatory compliance, licensing, and policy advisory services. Comparable in vertical specialization and deep cannabis regulatory expertise, though primarily legal- rather than accounting-driven.
• Canna Advisors: Cannabis consulting firm specializing in licensing, regulatory compliance, and operational support for operators and applicants. Comparable in providing compliance and operational advisory services to cannabis businesses navigating regulated environments.
• Dope CFO: Specialized outsourced CFO, accounting, and tax services firm for the cannabis industry. Directly comparable in serving cannabis operators with compliance-adjacent financial operations, fractional finance, and advisory services.
• Blunt & Associates: Cannabis management and consulting firm providing operational, compliance, and licensing support to cannabis operators. Comparable niche consulting positioning focused on regulated cannabis businesses.
• Greenleaf Business Solutions: Cannabis-focused accounting and advisory firm offering bookkeeping, tax, audit, and compliance services. Directly comparable in target customer (cannabis operators) and compliance/advisory service mix.
• Cannabis Compliance Group: Specialized cannabis compliance consulting firm providing regulatory compliance, licensing support, and operational guidance to operators. Directly comparable niche-specialist positioning.

Broad incumbents

• Anders CPAs + Advisors: A full-service accounting and advisory firm operating a dedicated cannabis practice that provides audit, tax, and advisory services to cannabis operators and investors. Wider portfolio with overlapping cannabis-specific capabilities.

Emerging players

• Metrc: Provider of cannabis seed-to-sale tracking and regulatory compliance technology used by operators and regulators. Adjacent rather than head-to-head — competes for compliance budget via technology automation rather than advisory services.
• Akerna (formerly MJ Freeway): Cannabis compliance and supply-chain software provider serving operators and governments. Adjacent competitor for compliance-related spend, with technology-led approach rather than boutique advisory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/420itsolutions
• LinkedInlinkedin.com/company/420-it-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 420 IT Solutions