NORTH LITTLE ROCK, Apr - Cannabis financial services provider Abaca has partnered with Staley Technologies and CIMA to digitize one of the last remaining analog aspects of the industry - cash management. The cost and risk of handling cash have been persistent problems in the cannabis industry. The companies' collaboration delivers an integrated solution [...]
Many cannabis operators still run primarily cash businesses, which creates a challenge when it comes to everyday things like paying employees, purchasing inventory or buying new equipment. It’s a big problem in tax season, too. In 2020, cannabis businesses paid nearly $3 billion to the IRS, and many actually made those payments [...]
In the cannabis and hemp industry there are only a few tried and true truths: First, cannabis is medicine. Second, legalization needs to happen. And third, April 20 is THE cannabis holiday. With the spring season budding and Willie Nelson's birthday on the horizon, 420 is the apex of what has come [...]
Preston Eldridge, J.D., joins Abaca as chief compliance officer and senior vice president of operations after five years in private law practice. The union grew from a friendship forged in the Little Rock Technology Park, where both Abaca and Eldridge officed in 2017-2018. Abaca’s co-founder and CEO Dan Roda, a fellow attorney, placed law and regulation at the [...]
State Tax Agencies Reference Guide State Department Name Department Link Alaska Department of Revenue Tax Division Website Alaska Department of Revenue Department of Revenue Alabama Department of Revenue Department of Revenue Arkansas Department of Finance and Administration Department of Revenue Website Arizona Department of Revenue Department of Revenue Website California State Board of Equalization [...]
2020 … was a year that many would prefer to forget. But through it all, 2020 was a groundbreaking year for the cannabis industry. Despite the environment, cannabis thrived. When it comes to retail, by and large we were the lucky ones in 2020. There is a lot to reflect on. Here are [...]
Payment Processing Now Available Nationwide NORTH LITTLE ROCK, Arkansas (December 15, 2020) – Since he founded his business, Ryan Croy, co-founder of Honcho & Hoss, CBD for the Everyman, has gone through three credit card processors – not by his choice. “One pulled the plug on me over the weekend. One said [...]
We made it … almost. 2020 is heading into the holiday season and that means holiday shopping, starting with Green Wednesday on November 25. Green Wednesday, which occurs on the day before Thanksgiving, sees a 40% boost in sales according to Headset’s data. Green Wednesday isn’t just Fall’s 420 though. [...]
NORTH LITTLE ROCK, Arkansas (September 24, 2020) – The National Cannabis Industry Association (NCIA) named Dan Roda, CEO of cannabis financial technology firm Abaca, to its Hemp Committee. The mission of the committee is to promote, advocate and educate on the specific concerns and issues surrounding hemp. NCIA committees are an opportunity for [...]
Joshua Shannon, Abaca's Senior Developer. Cannabis financial technology firm Abaca announces that Joshua Shannon is joining the team as a senior developer. Shannon joins Abaca from Lindsey Software Systems where he was a senior software engineer. “It’s our mission to deliver enterprise-class financial services to the entire cannabis industry,” said Abaca CEO [...]
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