Enterprise Cannabis Banking Solutions for Corporations and Multi-State Operators
Integrated Enterprise Banking that Puts You in Control
In a rapidly changing and compliance-centric industry like cannabis, resource efficiency is a clear advantage.
But managing fractured financial products and spread-out accounts increase operating expenses, interrupt business and, ultimately, complicate expansion. Integrating cutting-edge technology and a deep regulatory expertise of cannabis, Abaca streamlines cannabis banking and financial management of multi-state cannabis operations.
Keep your business focused on the future with customized banking and payments solutions that integrate seamlessly with your existing tools and workflows.
Consolidate financial operations for complete visibility and control
Streamline financial operations across the organization
Integrated payments and receivables management
FDIC-insured commercial bank accounts
Integrated cash management and logistics
Simplify with Abaca Treasury Center
A Single Place to Manage Finances
Whether the goal is increasing profitability or scaling to new markets, cannabis businesses deserve access to sophisticated financial tools.
Abaca’s compliant cannabis banking brings modern financial technology to the cannabis industry.
Access FDIC-insured bank accounts – now with online payments, dual control payment authority, remote deposit capture, and streamlined compliance. Save time and money with technology-enabled automated compliance and treasury alerts.
Easy and seamless management all accounts on a single platform
Save time and gain instant visibility on company cash
Manage accountability with enterprise-wide financial reporting and alerting
Online and mobile Banking
Integrates easily with accounting systems:
Trademarks are the properties of their respective owners
How it Works – Abaca Banking
STEP 1
Get Started
Talk to an advisor about your unique business. We’ll send you a quote tailored to your business so you can decide if we’re right for you.
STEP 2
Due Diligence
Work with a dedicated representative to collect and submit compliance paperwork.
STEP 3
Onboarding
We train and onboard your team while setting up integrations to ensure seamless transition without interruptions.
STEP 4
Hit Go
Make your first deposit to activate your account. Then enjoy secure, reliable banking of the 21st century.
Pay Bills and Get Paid Electronically– Integrated to Your Accounting / ERP
In almost any other industry, getting paid and paying bills efficiently are a given. But cannabis is different.
Manage less cash with Abaca’s Receivables Management, which gives cannabis operators access to electronic ACH bill pay options. Because our systems are backed by modern technology, your business can recognize revenue faster with less room for mistakes.
Payables Management
Payables Made Simple
Schedule checks, ACH and wires electronically
Batch payments via file upload and connect workflows to accounting + ERP systems
Supports customized user permissions and two-person integrity
Maintain oversight with payables reporting
Receivables Management
Settle Receivables Faster
Initiate receivables payment requests to clients via email
Company-branded user experience for wholesale clients
Conveniently remote deposit capture checks payments
Quickly reconcile and export settlement reports
Integrated Cash Management
Onsite Cash Management
Integrated solutions save management time and cash shrink
Enables complete cash visibility across the organization
Cash transaction reporting enables auditability*
Formalize cash management and implement risk controls
*Requires use of integrated cash recyclers or smart safes
Trusted Cash in Transit Partners
- Door-to-door cash logistics service
Reduce costs and risk of loss involved in cash movement
Reliable and predictable cash settlements to your account
Elevate your customers’ experiences and drive additional revenue
Increasingly, consumers are looking for a more sophisticated cannabis buying experience. Being forced to transact in cash means more inconvenience and less spending.
Give your customers more of what they want with card processing capabilities while reducing the need for cash.
Add AbacaPay and get the same benefits as mainstream businesses without raising operating costs.
Predictably settle retail payments faster
Boost basket size by 25% by offering cashless payments
Reduce cash volume handled by 40%
Countertop and mobile options to support curbside or delivery
Capital to accelerate growth
Bottlenecks to growth have real consequences in an increasingly competitive industry like cannabis.
Accelerate growth with access to cannabis-friendly and customized financing.
With various lending options and amounts, Abaca helps unique businesses finance unique needs. Get fair loans for real estate, equipment, inventory and more.
Loan Types
Conventional Loans
Bigger businesses need larger and more sophisticated financing options. Leverage existing assets to more rapidly scale your business.
- $250K-$5M available loan size
- Typically funds in 4-8 weeks
- Competitive rates available, dependent on collateral and guaranty structure
Sample Deals
Every business is different so every loan is different. Here are some recent loans:
$4.3mm
refinance of an existing 63,000 sq. ft. licensed medical cannabis cultivation facility.
Arkansas
$1.2mm
construction loan and permanent financing for a new medical cannabis dispensary.
Arkansas
$3.6mm
revolving LOC to fund acquisition of ownership interest in and recapitalization of a licensed medical cannabis cultivation facility.
Missouri
Get Started
Resources
Recent blog posts and articles
Cash Management Solutions for Cannabis 101
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