Cannabis Banking, solved.
Running your legal cannabis-related business is complex enough without all the financial runarounds — cash transactions, lending hurdles, banks that avoid you. Until now. Abaca ties together enterprise class financial services technology with comprehensive banking services to create a cannabis banking “one-stop-shop” in the palm of your hand. Whether you run a cannabis dispensary, cultivation facility, ancillary business or a hemp/CBD business, Abaca has a banking, payments or lending solution for you.
With Abaca, cannabis-related businesses have access to their own bank account with one of our partner financial institutions, access to lenders for real estate, equipment, and inventory financing needs, tools for electronic management of finances, payroll, and bill payments and a host of other financial services. Further, the Abaca digital solution affords your customers — whether businesses or consumers — simple, instantaneous e-payment options that simplify and speed cash flows to your business.
With a comprehensive, simplified and secure online banking, Abaca delivers modern financial services to owners and management of cannabis businesses, enabling you to focus on the important things like strategy, sales and growth. Getting a business checking account has never been easier for cannabis businesses. Whether you are a dispensary, cultivator or ancillary business, Abaca helps reduce additional costs and risks.

According to IHL Group’s “Cash Multipliers Study,” cash revenue can cost up to 15% in handling, storage and other expenses.
Currently accepting applications from plant-touching cannabis operators in Arkansas, Oklahoma, Missouri and Illinois.
With Abaca
Get a secured business bank account with one of our partner banks
Pay vendors and get paid electronically
Connect to merchant services enabling electronic B2B and retail transactions
Access valuable data from our machine learning technology
Simple, yet powerful, online account dashboard
Set transaction alerts to streamline workflows
Reduce financial compliance costs
Banking
How Does Abaca Work?
Abaca works just like getting a normal bank account for your business, but with additional due diligence. We’ve partnered with FDIC-insured local and regional banks, keeping the money at home and giving you a simple and secure banking solution.
What we collect from cannabis applicants:
Cannabis business license (and completed license application, if applicable)
Articles of Incorporation or Organization
Business Operating Agreement or Bylaws (executed)
Business EIN
Banking Resolution or Corporate Minutes (executed)
Business permits/licenses
Customer profile on your company and each owner/signer
Two forms of ID on each owner/signer
W-9s on the company and each signer
Mutual Non-Disclosure Agreement
Background checks
Payments
The Cost of Cash is Significant to Your Bottom Line
Accept pin debit and electronic payments in-store and online. The majority of consumers would rather use a card than cash, especially if the transaction is over $22 (Experian). Increase transaction count and ticket amount with Abaca’s secure, fast and reliable payment processing options.
Lending
Grow Your Business
Cannabis has been called the industry for the 1%. Abaca is solving that problem, too. You don’t need access to private capital to get into the cannabis industry. Look at lending solutions through Abaca to help your business really grow.
Abaca helps connect cannabis businesses with real estate/mortgage loans, equipment financing, inventory credit lines, purchase order financing and receivables factoring. With offices in Colorado and Arkansas, we are helping cannabis businesses grow nationwide.
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