The CBD Business is Booming
CBD sales in the U.S. will surpass $20 billion by 2024, according to BDS Analytics and Arcview Market Research. Yet banking regulations and payment processor constraints continue to make transacting business a headache.
Abaca ties together enterprise class financial services technology with comprehensive banking services to create a CBD and hemp banking “one-stop-shop” in the palm of your hand. Never again worry about your bank account being shut down. Don’t worry about missed sales because you can’t process transactions.
With Abaca, CBD and hemp businesses have access to their own bank account with one of our partner financial institutions, access to credit facilities for real estate, capital and operating needs, tools for electronic management of finances, payroll, and bill payments and a host of related banking services. Further, the Abaca digital solution affords your customers — whether businesses or consumers — simple, instantaneous e-payment options that simplify and speed cash flows to your business.
With a comprehensive, simplified and secure online banking platform, Abaca delivers modern financial services to owners and management of CBD and hemp businesses, enabling you to focus on the important things like strategy, sales and growth. Getting a business checking account has never been easier for CBD and hemp businesses. Whether you are a manufacturer, online retailer, wholesaler or retailer, Abaca helps reduce additional costs and risks.
Abaca services the CBD and hemp industry nationwide.
With Abaca’s comprehensive financial solution, your CBD business will:
How Does Abaca Work?
Abaca works just like getting a normal bank account for your business, but with additional due diligence. We’ve partnered with state-chartered, FDIC-insured local banks, keeping the money local and giving you a simple and secure banking solution.
What we collect from cannabis applicants:
Abaca is a stable payment processing solution
Don’t worry about your bank account getting shut down or your payment processor kicking you off their platform. Abaca’s figured out how to offer payment processing to the CBD and hemp industry.
The majority of consumers would rather use a card than cash, especially if the transaction is over $22 (Experian). Increase transaction count and ticket amount with Abaca’s secure, fast and reliable payment processing.
Reduce additional work hours from cash loss, equipment and services expense, security, and lost sales due to management’s attention being diverted to the unnecessary logistics of cash.
Grow Your Business
Grow your business through Abaca’s lending options. Abaca helps CBD and hemp businesses with real estate/mortgage loans, equipment financing, inventory credit lines, purchase order financing and receivables factoring. With offices in Colorado and Arkansas, we are helping CBD and hemp businesses grow nationwide.
Cannabis Banking FAQ
Have Questions? We’ve Got Answers.
Download our FAQs about cannabis banking now by filling out this form.