News

Cannabis Cash Steps Into Digital Future

2021-05-14T16:26:14+00:00

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. The cost and risk of handling cash have been persistent problems in the cannabis industry. The companies' collaboration delivers an [...]

Cannabis Cash Steps Into Digital Future2021-05-14T16:26:14+00:00

You pay an extra 10% when you pay your taxes in cash

2021-04-20T22:16:52+00:00

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. For 2020, cannabis businesses will pay nearly $3 billion to the IRS, and many will actually make [...]

You pay an extra 10% when you pay your taxes in cash2021-04-20T22:16:52+00:00

Three Must-haves for 4/20

2021-04-20T22:16:15+00:00

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. With the spring season budding and Willie Nelson's birthday on the horizon, 420 is the apex of what has come [...]

Three Must-haves for 4/202021-04-20T22:16:15+00:00

State Tax Agencies Reference List

2021-04-13T21:23:21+00:00

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 Finance and Administration Department of Revenue Website Arizona Department of Revenue Department of Revenue Website California State Board of Equalization [...]

State Tax Agencies Reference List2021-04-13T21:23:21+00:00

Abaca Announces Merchant Services for Hemp and CBD Businesses

2021-02-02T14:56:34+00:00

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 three credit card processors – not by his choice. “One pulled the plug on me over the weekend. One said [...]

Abaca Announces Merchant Services for Hemp and CBD Businesses2021-02-02T14:56:34+00:00

Roda Named to National Cannabis Industry Association Hemp Committee

2021-02-02T14:59:37+00:00

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 is to promote, advocate and educate on the specific concerns and issues surrounding hemp. NCIA committees are an opportunity for [...]

Roda Named to National Cannabis Industry Association Hemp Committee2021-02-02T14:59:37+00:00

Abaca Hires Joshua Shannon as Senior Developer, Promotes Sean Russell to VP of Technology

2021-02-02T14:44:04+00:00

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 [...]

Abaca Hires Joshua Shannon as Senior Developer, Promotes Sean Russell to VP of Technology2021-02-02T14:44:04+00:00

As it turns out, cash isn’t king

2020-08-27T16:58:34+00:00

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, [...]

As it turns out, cash isn’t king2020-08-27T16:58:34+00:00

Cannabis Fintech Abaca Opens New Markets; Now Available in Ohio, Montana and North Dakota

2021-02-02T14:44:36+00:00

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 [...]

Cannabis Fintech Abaca Opens New Markets; Now Available in Ohio, Montana and North Dakota2021-02-02T14:44:36+00:00

Social Equity in the Cannabis Industry: 2020 Update

2020-07-03T19:35:59+00:00

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 [...]

Social Equity in the Cannabis Industry: 2020 Update2020-07-03T19:35:59+00:00

Recent Posts

Subscribe to The CannFi Report

Receive Abaca’s periodic e-newsletter filled with the latest industry news and analysis.

Contact Info

317D North Main Street, North Little Rock, AR 72114

Phone: 501-476-6696