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.
Receivables Management
Manage high-volume ACH transactions that integrate to your accounting allowing you to streamline AP, AR and Reconciliation
AbacaPay
Elevate customer experience and drive revenue by accepting debit cards.
Cash Management
Onsite handling and storage solutions and armored transportation and deposit securely manage cash receipts.
Lending
Access to capital shouldn’t limit growth. See if you qualify for real estate, equipment, inventory or other financing.
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
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
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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
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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
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
Get Started With Abaca
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
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Resources
Recent blog posts and articles
Abaca and AeroPay Enable Missouri Cannabis Delivery
Medical marijuana delivery in Missouri is legal and convenient for patients, except for one major snag: state law requires delivery transactions to be prepaid BEFORE they [...]
$1 Billion in Cannabis Commerce
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. [...]
E-Commerce & Payments Primer for Cannabis Businesses
Normalization of retail payments and merchant services will open the door to a new era of cannabis e-commerce. When consumers can use a credit card to order their [...]
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