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Abaca’s periodic e-newsletter showcasing the latest news and analysis about the cannabis industry
Cybersecurity 101: A Primer for Cannabis Operators, Part Two
In Part 1 of this primer on cybersecurity for the cannabis industry, we talked about what's at stake for operators if they become victims of a cyber attack. We discussed the most popular [...]
Cybersecurity 101: A Primer for Cannabis Operators, Part One
Entrepreneurs and investors are jumping head first into the red-hot cannabis market, lured by the potential for massive growth and profits. Unfortunately, cybercriminals have also taken notice of the opportunity and are specifically [...]
Social Equity Financial Services Grants Open for Illinois’ Cannabis Industry
CHICAGO, Aug. 11, 2021 /PRNewswire/ -- Financial services company Abaca announces its social equity grant for Illinois cannabis business license-holders. Under Abaca's Social Equity Grant Program, social equity applicants who have received Illinois cannabis [...]
Cannabis E-Commerce Guide for 2022 and Beyond
Normalization of retail payments and merchant services will open the door to a new era of cannabis e-commerce. When consumers can use a credit card to order their cannabis delivery or pickup online sales [...]
Three Suggestions for Improving Sustainability in Cannabis Financial Operations
This Earth Day we are reflecting on sustainability in financial services. While many advancements -- specifically the adoption of electronic payments -- have been made in financial services, the cannabis industry continues to be [...]
How Cannabis Cash Management Solutions Can Improve Your Bottom Line
NORTH LITTLE ROCK, Apr - 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. The cost [...]
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. [...]
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