Abaca is the comprehensive cannabis banking and financial platform. We provide state-legal cannabis businesses with compliant bank accounts, lending, payments, and other financial services through proprietary technology and proven partnerships.
We are currently offering cannabis bank accounts in Arkansas, Illinois, Missouri, Montana, North Dakota, Oklahoma, and Ohio with lending and payment processing services available to cannabis and hemp/CBD businesses nationwide. We offer banking services to ancillary cannabis and hemp/CBD businesses nationwide.
What Our Clients Say
Banking with Abaca has made issuing and receiving payments easy with options for old school and electronic payments. Receiving payments from dispensaries and paying our vendors is so easy.
You would think ancillary businesses in the cannabis industry would have an easier time getting a bank account, but that is not the case. Abaca has enabled our testing lab to access traditional banking. Abaca enables my cultivator customers to pay electronically, and not with cash. We love their web interface.
The folks at Abaca are always quick to help us solve our payment issues and provide assistance to improve our process.
As Seen In
Go back to taking your bank account for granted.
Some people may be in this for fame. Some glory. Some may just think it’s cool. But, some of us are here to make an honest living, and we mean business. In a compliance-saddled industry, banking is not something you should worry about. Your business is cash-intensive and your compliance risk is great. We’ve made it easier with our technology and relationships. Whether you are a medical marijuana or recreational cannabis dispensary, an ancillary business or an online CBD/hemp retailer, Abaca can help your business establish a bank account with one of the banks and credit unions in our network. We can also help with electronic payments, payroll and even lending. Don’t worry about your bank account being shut down or closed without notice. Don’t live in fear from being a cash-only business. Now, you can focus on the business – not the banking.
From business accounts to merchant services and lending, we’re paving the way for modern financial services in the legal cannabis, hemp and CBD industry. Abaca is the safe, secure and smart cannabis industry banking and lending solution. With Abaca, cannabis banking and financial services are easier than ever to access.
Are you a bank or credit union looking to capitalize on cannabis?
The Abaca compliance program has been constructed to meet and exceed FinCEN FIN-2014-G001 guidance and other applicable BSA and AML standards. Learn about our three-pronged approach to compliant cannabis banking.
Now legal in nearly two-thirds of the country, the cannabis industry is projected to grow to $77 billion in economic impact by 2022*. Banks and credit unions in every legalizing state are scrambling for a regulatory-compliant, low-risk, high profit way to participate. Yet traditional approaches leave everything to be desired—leaving most sitting on the sidelines for the next great business opportunity. Enter Abaca, a fintech banking partner purpose-built to help your financial institution successfully bank marijuana-related businesses (MRBs).
Tech Enabled
Abaca’s fintech solution solves one of the cannabis industry’s biggest problems: banking. Take advantage of our web-based application and mobile payment app. Our machine learning technology continually adapts, providing you with greater insights. We provide real-time reporting, insights and data that is invaluable to your business.
Memberships & Certifications
Speaking Engagements
July 15, 2020
Bressler, Amery & Ross Webinar
12:00 pm
The Business of Cannabis: Challenges & Solutions in an Emerging Industry, Panelist, Daniel Roda, CEO, Abaca
DECEMBER 2019
Overcoming Legal and Financial Hurdles for Ancillary Businesses
MJBizCon, Las Vegas, NV
October 2019
“Rapid Pitch”
ArcView’s The Evolution of Cannabis: 2020, New York City, NY
September 2019
“How to Get a Bank Account for Your Cannabis Business, and Keep It!”
Speaker, CannaCon, Oklahoma City, OK
September 2019
“How to Get a Bank Account for Your Cannabis Business, and Keep It!”
Speaker, Cannabis Industrial Marketplace Expo, Rosemont, IL
July 2019
“Getting Banked: How to get a bank account for your cannabis business”
Speaker, Cannabis Industrial Marketplace, St. Louis, MO
July 2019
“Managing Risk in the Cannabis Industry”
420edx, Philadelphia, PA
June 2019
“Jumping Hurdles: Banking for Ancillary Companies”
Panelist, MJBizConNEXT, New Orleans, LA
June 2019
Testified on the availability of financial services for the cannabis industry to
The Arkansas State Senate and House of Representatives Joint Committee on Insurance and Commerce
June 2019
Arkansas bankers roundtable on cannabis banking panelist
hosted by Representative French Hill, Little Rock, AR
June 2019
“Abaca Gets Seed Money for Marijuana Financial Business”
Article, Arkansas Business
June 2019
“Dan Roda Leads Abaca to Capital Investment Amid Changing Attitudes”
Article, Arkansas Money & Politics
June 2019
“Regulators ask legal staff to investigate slow launch of medical marijuana storefronts”
Article, Talk Business & Politics
May 2019
Private Lecture
CanopyBoulder, Boulder, CO
March 2019
“Abaca Prepares to Bank Marijuana Businesses”
Article, Arkansas Business
February 2019
Cannabis Financial Solutions Presenter
ArcView Investor Conference, Los Angeles, CA
January 2019
“Abaca Announces Cannabis Lending Platform”
Article, Cannabis Business Times
January 2019
“Fintech Company Abaca Launches Cannabis Industry Lending Platform”
Article, Monitor Daily
December 2018
“Surviving the Green Rush”
Speaker, Oklahoma City, OK
September 2018
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