Cannabis financial technology firm Abaca brings its full suite of financial services to the cannabis dispensaries, cultivators and product processors in Ohio, Montana and North Dakota. The company’s platform includes banking, merchant services and lending. “Our goal is to bring safe and compliant banking services to the cannabis industry,” says Abaca CEO Dan Roda. [...]
Antiquated marijuana laws and institutional barriers have oppressed marginalized communities for far too long. Many in the cannabis industry are working hard to move the cannabis industry in the right direction, and many states and cannabis companies now incorporate social equity programs into their regulatory structure and operations. Recently, Abaca sat [...]
Launching a new business is hard, especially in the cannabis industry. Add a global pandemic on top of that and business owners may be left feeling like they are climbing an insurmountable hill. But, the cannabis industry is resilient and resourceful. Dan Roda, CEO of Abaca, sits [...]
Contactless Payments Now Available at Participating Dispensaries in Arkansas, Oklahoma, Missouri and North Dakota Two leaders in cannabis financial technology – Abaca and CanPay – announce a partnership that will enable safer, contactless payments to cannabis consumers at dispensaries in several states. Effective immediately, Abaca’s cannabis banking clients can deploy Colorado-based CanPay’s app at [...]
Abaca's Dan Roda sat down with Greenlight Dispensary's general manager Holley Stuart on April 10, 2020. Watch their discussion about what it means to be deemed an "essential" employer and what operational changes Greenlight made at its cannabis dispensary as a result of COVID-19. Moderated by Bud Agency's Elizabeth Michael, they discuss changes at [...]
Brian Bauer, Abaca's chief strategy and revenue officer NORTH LITTLE ROCK, Arkansas (March 26, 2020) – Cannabis financial technology firm Abaca announces that co-founder Brian Bauer is transitioning to a full-time role with Abaca as the chief strategy and revenue officer. Bauer joins Abaca from The Venture Center where he served as [...]
With communities nationwide closing businesses, implementing quarantines, and taking other unprecedented steps to help mitigate the spread of coronavirus aka COVID-19, patients across the country may be wondering how this could impact their access to medical cannabis. The purpose of this post is to provide information to Arkansas medical cannabis patients about how [...]
The federal government has lagged behind the states when it comes to cannabis policy, resulting in the much-discussed (but also much misunderstood) cannabis banking problem. Maybe you’ve heard the usual narrative: Because cannabis is federally illegal and banks are federally regulated, the cannabis industry has no access to the banking system and operates [...]
Read founder Dan Roda's article in Arkansas Business about SAFE Banking and it's impact on cannabis banking. https://www.arkansasbusiness.com/article/128701/safe-banking-and-cannabis-dan-roda-commentary
Read about Dan Roda commenting on Tulsa-based Encentus Federal Credit Union leaving the cannabis banking industry. Dan explains the ramifications of the SAFE Banking act. Read about it here.
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