Enterprise 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

Compliant Banking

Complete visibility across your accounts – no matter how spread out your operations are.

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Receivables Management

Manage high-volume ACH transactions that integrate to your accounting allowing you to streamline AP, AR and Reconciliation

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AbacaPay

Elevate customer experience and drive revenue by accepting debit cards.

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Cash Management

Onsite handling and storage solutions and armored transportation and deposit securely manage cash receipts.

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Lending

Access to capital shouldn’t limit growth. See if you qualify for real estate, equipment, inventory or other financing.

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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 Dilligence

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.

Get Started with Abaca

Get Started

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

Get Started with Abaca

Get Started

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

Get Started with Abaca

Get Started

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. Our debit terminals are a stable and cost-effective way for cannabis operators to boost profits and improve customer satisfaction. 

That’s a win, win.

  • 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

Terminal Options 

Flexible capabilities and prices for your cannabusiness

Countertop Terminal

Cellular/Mobile Terminal

How it works – AbacaPay

STEP 1
Get Started

Tell us a bit about your business to get a quote tailored to your business.

STEP 2
Set it Up

Work with a dedicated rep to choose a terminal that works best for your company, set up an account and get connected.

STEP 3
Hit Go

Start accepting customers’ cards and boost profits.

Get Started with Abaca

Get Started

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.

See if You Qualify

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
  • New and existing operators in legal cannabis states
  • Operations with hard assets (real estate, equipment, etc.) for collateral
  • At least three months of banking history
  • l or corporate guarantees

Term Loans

You’re making money, so why can’t you get a loan to grow? With Abaca’s Term Loans, operators can skip the long waits and complicated processes and get back to business.

  • $50K-$250K available loan size
  • Installment loan with six-month grace period
  • Qualify in 24-48 hours
  • Funds in two business days on average
  • Operators nationwide
  • Businesses with proven cash flow for six months
  • At least three months of banking history

Get Started With Abaca

Get Started

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

$1 Billion in Cannabis Commerce

August 24th, 2021|

Abaca started in 2017 as an idea on a whiteboard with a simple goal: to solve cannabis banking and normalize financial services for the cannabis industry. [...]

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