Since cannabis is federally illegal, large banking systems will not accept business from a cannabis operator. As a cash-based industry, what is a licensee supposed to do with all of that cash?! Banking is necessary for theft, cost, efficiency, future planning, and to accept non-cash payments. Abaca and GreenSpacePro are coming together to provide insight to banking in the cannabis industry. Find out what is required to do business with a bank and how to stay on-top of compliance.
How to find a Cannabis Banking System in an Underserved Industry
Cannabis Banking, Solved
Abaca provides state-legal cannabis businesses with compliant bank accounts, cash management, electronic payments, and other financial services through its compliant, tech powered cannabis banking platform. Abaca and its partner financial institutions are currently accepting traditional bank account applications in Arkansas, California, Colorado, Florida, Illinois, Louisiana, Michigan, Mississippi, Missouri, Montana, North Dakota, Ohio, Oklahoma and South Dakota. The company’s banking platform also offers lending and payment processing services to cannabis businesses nationwide.
Meeting Cannabis Banking Compliance
GreenSpacePro is a team collaboration and work management tool designed by cannabis operators for cannabis operators. It is a cost effective, intuitive software that helps your staff manage complex tasks, licenses and locations, deadlines, and projects, all from one easy dashboard. Keep track of important projects, monitor your staff’s productivity, perform self-audits, and stay compliant. GreenSpacePro is where cannabis work gets done.
Tim Morland with Abaca joins Ed Linetskiy and Nick Hovan with GreenSpacePro in a cannabis banking webinar to guide business owners in the cannabis industry on what you need to achieve affordable financial services built for cannabis operators. Register now to learn how to find a banking program in an underbanked industry.