Whereas gold and silver are extracted from a limited number of sources with relatively predictable output, cacao beans are an agricultural product that anybody with a field and good enough conditions can grow on their own. This means that the government would have very little control over the money supply- even less so than European governments at the time that can mint their own coins. Additionally, cacao production will inevitably compete with maize and other crops for land area, and a food commodity like cacao likely involves significant demurrage. Did this get in the way of the evolution of the Mesoamerican financial system?
There's always room for discussion, but perhaps these previous topics will answer your inquiry.