The Cannabis Financial Ecosystem
Dan Roda JD, LLM
Chief Executive Officer
Dan is a former corporate attorney with 10+ years of transactional and regulatory practice experience and degrees from Tulane University, Villanova Law School, and the University of Alabama. As Dan’s cannabis industry client roster grew, he noticed a consistent problem — banking — leading to the founding of Abaca. Dan is the company’s CEO and its chief legal officer.
Chief Technology Officer
Chief Technology Officer Greg Ellis built the software architecture of two successful fintechs prior to Abaca, and spent two decades in mortgage banking and hedging interest rate risk. Greg has a diverse background in finance, technology and he loves to spend time woodworking and making music. Greg is responsible for the conception and creation of Abaca’s cutting edge tech.
Chief Financial Officer
John Foley spent 25 years in senior leadership and chief executive roles with community and national banks, and also co-founded a large regional insurance agency. Whether he’s in a boardroom or a grow-op, John stays true to his banking roots. John might not have to wear a suit and tie too often any more, but he still wears his banker hat while heading up Abaca’s compliance and account operations teams in addition to serving as the company’s chief financial officer.
Chief Strategy Officer
Once a door gunner in the U.S. Navy, Brian Bauer went on to run successful fintech accelerator programs for the Independent Community Bankers of America and FIS, giving him unique insight and visibility into emerging financial tech. Now a well-known figure in the Arkansas fintech community, Brian assembled the Abaca leadership team and serves as the company’s chief strategy officer and chief revenue officer.
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.
Recent blog posts and articles
Normalization of retail payments and merchant services will open the door to a new era of cannabis e-commerce. When consumers can use a credit card to order their [...]
This Earth Day we are reflecting on sustainability in financial services. While many advancements -- specifically the adoption of electronic payments -- have been made in financial [...]