With Abaca

  • Get a secured business bank account in your company’s name with one of our partner banks

  • Pay vendors and get paid electronically

  • Connect to merchant services enabling electronic B2B and retail transactions

  • Access lending solutions for equipment financing, real estate and more

  • Simple, yet powerful, online account dashboard

  • Set transaction alerts to streamline workflows

  • Reduce financial compliance costs

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Banking | Lending | Payments

Get in touch with the Abaca team today!

Missouri Cannabis Banking

When it comes to banking Missouri cannabis businesses, Abaca is the only source you’ll ever need. From checking accounts to payments to managing cash to lending and more, Abaca delivers.

Abaca gives you access to “brick-and-mortar” banking with a sophisticated technology stack. That means you get cost-effective, fully compliant, digital-first cannabis banking. Stay connected with Abaca and learn more about safe, compliant cannabis banking solutions.

Key Takeaways

from launching the Missouri medical marijuana market

Dan Roda, CEO of Abaca, sits down with Karin Spinks-Chester, CEO of Midwest Canna Expos CEO and vice president of Mo Cann Trade and Christopher M. McHugh, an attorney at Joseph, Hollander & Craft LLC and president of Vertical Enterprise LLC to discuss challenges and opportunities the Missouri cannabis market faces launching during the COVID-19 pandemic. They discuss Missouri cannabis banking, lending, licensing, timing and other hurdles. The panel is moderated by Bud Agency principal Elizabeth Michael. Watch the full webinar on demand now.

A vertically integrated licensee in Missouri, attorney Chris McHugh discusses creative capital options, like cannabis-friendly lending, to help fund building resource intensive cannabis operations.

Hear Abaca CEO Dan Roda discuss creative alternatives to in-store purchases cannabis dispensary operators have instituted to make the shopping experience safer.

Stay Connected

Subscribe to the free CannFi Report, your source for cannabis business news and analysis

Banking

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 FDIC-insured local and regional banks, keeping the money at home and giving you a simple and secure banking solution.

Open an Account

Information We Collect

  • Cannabis business license (and completed license application, if applicable)

  • Articles of Incorporation or Organization

  • Business Operating Agreement or Bylaws (executed)

  • Business EIN

  • Banking Resolution or Corporate Minutes (executed)

  • Business permits/licenses

  • Customer profile on your company and each owner/signer

  • Two forms of ID on each owner/signer

  • W-9s on the company and each signer

  • Mutual Non-Disclosure Agreement

  • Background checks

Learn all you need to know about cannabis banking, compiled by our team of experienced experts. Request Abaca’s “Cannabis Banking FAQs”