2020 … was a year that many would prefer to forget. But through it all, 2020 was a groundbreaking year for the cannabis industry. Despite the environment, cannabis thrived. When it comes to retail, by and large we were the lucky ones in 2020. There is a lot to reflect on. Here are [...]
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So far Thoma Thoma has created 21 blog entries.
We made it … almost. 2020 is heading into the holiday season and that means holiday shopping, starting with Green Wednesday on November 25. Green Wednesday, which occurs on the day before Thanksgiving, sees a 40% boost in sales according to Headset’s data. Green Wednesday isn’t just Fall’s 420 though. [...]
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 deliver enterprise-class financial services to the entire cannabis industry,” said Abaca CEO Dan Roda. “Joshua’s deep experience in developing banking [...]
Surprising findings in an Abaca cannabis retail payments study Conventional wisdom holds that the cannabis industry is unbanked – that it’s nigh impossible to get a bank account and other traditional financial services for cannabis operators. After all, the data show only about five percent of U.S. banks report any cannabis customers, [...]
Cannabis financial technology firm Abaca brings its full suite of financial services to the cannabis dispensaries, cultivators and product processors in Ohio, Montana and North Dakota. The company’s platform includes banking, merchant services and lending. “Our goal is to bring safe and compliant banking services to the cannabis industry,” says Abaca CEO Dan [...]
Antiquated marijuana laws and institutional barriers have oppressed marginalized communities for far too long. Many in the cannabis industry are working hard to move the cannabis industry in the right direction, and many states and cannabis companies now incorporate social equity programs into their regulatory structure and operations. Recently, Abaca sat [...]
Have you heard about Abaca’s Social Equity Grant Program? You could qualify! Under Abaca’s Social Equity Grant Program, qualifying social equity applicants who are awarded cannabis business licenses can qualify for a $20,000 grant, applied toward banking access and fees for banking services. For far too [...]
Launching a new business is hard, especially in the cannabis industry. Add a global pandemic on top of that and business owners may be left feeling like they are climbing an insurmountable hill. But, the cannabis industry is resilient and resourceful. Dan Roda, CEO of Abaca, sits [...]
Contactless Payments Now Available at Participating Dispensaries in Arkansas, Oklahoma, Missouri and North Dakota Two leaders in cannabis financial technology – Abaca and CanPay – announce a partnership that will enable safer, contactless payments to cannabis consumers at dispensaries in several states. Effective immediately, Abaca’s cannabis banking clients can deploy Colorado-based CanPay’s app [...]
ON DEMAND WEBINAR: Dispensaries as essential businesses with Greenlight’s Holley Stuart and Abaca’s Dan RodaThoma Thoma2020-07-03T19:19:41+00:00
Abaca's Dan Roda sat down with Greenlight Dispensary's general manager Holley Stuart on April 10, 2020. Watch their discussion about what it means to be deemed an "essential" employer and what operational changes Greenlight made at its cannabis dispensary as a result of COVID-19. Moderated by Bud Agency's Elizabeth Michael, they discuss changes at [...]