News & Media
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Abaca’s periodic e-newsletter showcasing the latest news and analysis about the cannabis industry
$1 Billion in Cannabis Commerce
Abaca started in 2017 as an idea on a whiteboard with a simple goal: to solve cannabis banking and normalize financial services for the cannabis industry. Recently, we surpassed a major milestone: $1 [...]
Cannabis Cash Steps Into Digital Future
NORTH LITTLE ROCK, Apr 21, 2021 -- Cannabis financial services provider Abaca has partnered with Staley Technologies and CIMA to digitize one of the last remaining analog aspects of the industry - cash management. [...]
You pay an extra 10% when you pay your taxes in cash
Many cannabis operators still run primarily cash businesses, which creates a challenge when it comes to everyday things like paying employees, purchasing inventory or buying new equipment. It’s a big problem in [...]
Three Must-haves for 4/20
In the cannabis and hemp industry there are only a few tried and true truths: First, cannabis is medicine. Second, legalization needs to happen. And third, April 20 is THE cannabis holiday. [...]
State Tax Agencies Reference List
State Tax Agencies Reference Guide State Department Name Department Link Alaska Department of Revenue Tax Division Website Alaska Department of Revenue Department of Revenue Alabama Department of Revenue Department of Revenue Arkansas Department of [...]
Abaca Announces Merchant Services for Hemp and CBD Businesses
Payment Processing Now Available Nationwide NORTH LITTLE ROCK, Arkansas (December 15, 2020) – Since he founded his business, Ryan Croy, co-founder of Honcho & Hoss, CBD for the Everyman, has gone through [...]
Roda Named to National Cannabis Industry Association Hemp Committee
NORTH LITTLE ROCK, Arkansas (September 24, 2020) – The National Cannabis Industry Association (NCIA) named Dan Roda, CEO of cannabis financial technology firm Abaca, to its Hemp Committee. The mission of the committee [...]
Abaca Hires Joshua Shannon as Senior Developer, Promotes Sean Russell to VP of Technology
Cannabis financial technology firm Abaca announces that Joshua Shannon is joining the team as a senior developer. Shannon joins Abaca from Lindsey Software Systems where he was a senior software engineer. “It’s our mission to [...]
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