News & Media
Subscribe to The CannFi Report
Abaca’s periodic e-newsletter showcasing the latest news and analysis about the cannabis industry
Abaca and Pacific Valley Bank Partner to Expand California Cannabis Banking Options
Abaca Accounts now available to legal California cannabis operators SALINAS, Calif., Aug. 25, 2022 – Abaca, an industry-recognized financial platform for cannabis operators, and Pacific Valley Bank (OTC Pink: PVBK), are partnering to expand [...]
Transition from Medical to Recreational in 5 Steps
Our beloved plant’s medicinal qualities are the origin of its state-by-state legalization. Historically, the origins of medical cannabis can be traced back to 2900 BC, with Chinese Emperor Fu Hsi referring to it as [...]
Avoid This Deathknell of Compliant Cannabis Payments
Cannabis is still illegal on a federal level, and as of this writing, just 19 states have embraced full legalization, while 19 others have enacted medical marijuana programs. As a result, the vast majority [...]
Save Some Green: Get the Employee Retention Tax Credit
Cannabis businesses have it tough, despite record-breaking sales during the pandemic. They often try modernizing typical retail tactics to adhere to a nuanced and heavily regulated industry. There aren’t many chances to save money, [...]
8 Tips for Cannabis Businesses to Know Your Consumer
KYC is a financial term for “Know Your Customer,” a set of standards that bankers use to verify their clients’ identities and securely open their accounts. Since we provide banking solutions for the cannabis [...]
How to Get a Cannabis Bank Account Quickly
To paraphrase a well known TV commercial, “It’s your money, and you need it now!” It only makes sense that you want to get a cannabis bank account quickly. But, due to the myriad [...]
Cash Management Solutions for Cannabis 101
It’s no secret that the cannabis industry is dominated by cash. (For reference, 19% of non-cannabis transactions are cash versus up to 90% of cannabis transactions.) Until banking reform or full legalization happens on [...]
Abaca’s Perfect 420 Playlist
Today is the day! Your promotions were a hit and your cannabis business kicked it into high gear to meet the demand. Now you can start to relax and enjoy everything you bought to [...]
Stay In Touch