The National Cannabis Industry Association (NCIA) named Dan Roda, CEO of cannabis financial technology firm Abaca, to its Banking and Financial Services Committee. The mission of the committee is to influence financial institutions and federal banking laws that impact the cannabis industry’s access to financial services such as banking, payment processing and lending.
“Abaca’s mission since its inception in 2017 has been to normalize financial services for the cannabis industry” said Abaca CEO Dan Roda. “We’ve been on the front lines of the effort to provide legal cannabis businesses with safe, secure and stable ways to bank and transact. I look forward to advancing this mission further alongside the NCIA, an organization that has long advocated for this rapidly-growing segment of the American economy.”
Also named to the committee is Little Rock’s Curtis Winar, partner at Frost, PLLC, now serving on the committee for his second subsequent term.
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 partner financial institutions are currently accepting traditional bank account applications in Arkansas, Colorado, Florida, Illinois, Louisiana, Michigan, Missouri, Montana, North Dakota, Ohio and Oklahoma; the company’s fintech banking platform also offers lending and payment processing services to cannabis and hemp/CBD businesses nationwide. Learn more at GoAbaca.com.
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