NORTH LITTLE ROCK, Ark., Feb. 3, 2022 /PRNewswire/ -- Cannabis banking fintech company Abaca surpassed compliantly processing more than two billion dollars in commerce for the cannabis industry. The company's growth is fueled by aligning its bank-backed financial technology offering with the needs of cannabis business operators, enabling normalized financial services for an underbanked [...]
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CHICAGO, Aug. 11, 2021 /PRNewswire/ -- Financial services company Abaca announces its social equity grant for Illinois cannabis business license-holders. Under Abaca's Social Equity Grant Program, social equity applicants who have received Illinois cannabis business licenses can qualify for a grant of up to $12,000, which effectively eliminates monthly service fees for cannabis banking [...]
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 [...]