About the job Abaca is a financial technology company at the forefront of unlocking financial services for the legal cannabis industry. Our mission is simple but challenging: enable deposits, electronic payment, and access to capital for cannabis business, all while ensuring our partner financial institutions remain compliant in an ever-changing regulatory landscape. We are [...]
About the job About Abaca: Abaca is a financial technology company at the forefront of unlocking financial services for the legal cannabis industry. Our mission is simple but challenging: enable deposits, electronic payments, and access to capital for cannabis businesses all while ensuring our partner financial institutions remain compliant in an ever-changing regulatory landscape. [...]
About the job About Abaca: Abaca is a financial technology company at the forefront of unlocking financial services for the legal cannabis industry. Our mission is simple but challenging: enable deposits, electronic payments, and access to capital for cannabis businesses all while ensuring our partner financial institutions remain compliant in an ever-changing regulatory landscape. [...]
What is covered in here How to best prepare What is Know your Customer (KYC)? What information & documentation will be needed Abaca Client Onboarding Steps How it starts Portal walkthrough Account Opening Email How to best prepare What is Know Your Customer (KYC)? Know your customer (KYC) is a financial-institution-specific onboarding process required [...]
New year, new you, new CannFi report! 2022 is shaping up to be another year of incremental progress when it comes to cannabis normalization and reform. So, what’s good in the world of cannabis banking this month? WSJ Covers the Challenges of Cannabis Banking Having the right [...]
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 tax season, too. In 2020, cannabis businesses paid nearly $3 billion to the IRS, and many actually made those payments [...]
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