NORTH LITTLE ROCK, Arkansas (September 24, 2020) – The National Cannabis Industry Association (NCIA) named Dan Roda, CEO of cannabis financial technology firm Abaca, to its Hemp Committee. The mission of the committee is to promote, advocate and educate on the specific concerns and issues surrounding hemp. NCIA committees are an opportunity for individuals to directly engage their expertise and passion to develop best practices and guidelines that will shape the future of the cannabis, hemp, and CBD industries.
“Stable banking and payment processing services have been difficult for CBD and hemp business to obtain, even after the 2018 Farm Bill paved the way for legal hemp production nationwide” said Abaca CEO Dan Roda. “I look forward to joining the national conversation and utilizing our resources at Abaca to help expand access to normalized financial services for this rapidly growing segment of the economy.”
Abaca enables financial services such as banking, lending, and electronic payment processing for the U.S. cannabis and hemp industries. It was founded in 2017 by Roda, Greg Ellis, John Foley and Brian Bauer.
Abaca provides state-legal cannabis businesses with compliant bank accounts, lending, electronic payments, and other financial services through its financial technology-powered cannabis banking platform. Abaca and its partnering financial institutions are currently accepting bank account applications from plant-touching cannabis businesses in Arkansas, Illinois, Ohio, Missouri, Montana, North Dakota and Oklahoma, and from ancillary cannabis businesses and hemp/CBD companies nationwide. Learn more at GoAbaca.com.