Exec Limelight: Dan Roda


Dan Roda is founder and also Chief Executive Officer of Abaca, an electronic economic system attaching cannabis organizations with checking account, settlement handling, loaning, and also a lot more. Dan has more than a years of personal and also internal lawful technique experience, offers on the Arkansas Cannabis Sector Organization and also the Arising Markets Union boards, and also remains on the National Cannabis Sector Organization’s Hemp Board.

Complete name: Daniel Jonathan Roda, nevertheless, he passes Dan Roda

Title: Chief Executive Officer

Business: Abaca

Years at existing firm: 4

Education and learning account:

Tulane College– BS, Financing

Villanova Legislation College– JD

College of Alabama College of Legislation– LL.M., Tax

A lot of effective specialist achievement prior to cannabis:

While it was absolutely lovely to be called to a neighborhood magazine’s “Ideal Legal representatives in Little Rock” checklist in 2013 and also 2014, possibly my proudest specialist achievement pre-cannabis was putting right into solution a $25+ million well-known resort growth that inhabits 2 attractive historical Little Rock structures, both of which were collapsing when we discovered them. While the job took a huge group of skilled individuals to achieve, I played a crucial function in placing every little thing with each other, and also I really feel contentment every single time I drive past it.

Business objective:

Abaca’s objective is to stabilize accessibility to modern-day economic solutions throughout the UNITED STATE for cannabis and also hemp sectors. We allow down payments, digital repayments, and also accessibility to resources for cannabis company, all while guaranteeing our companion banks stay certified in an ever-changing governing landscape. Our objective is basic– to make accessing best-in-class economic solutions as very easy and also economical to cannabis organizations as they are to basically every various other company. Business’s most effective success:

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We lately struck an intriguing landmark at Abaca– we have actually currently refined over $1 billion in cannabis business in behalf of our customers. To me, this stands for greater than simply the development of our firm. It stands for $1 billion in money that or else would certainly’ve gotten on the roads developing security dangers and also logistical migraines for our customers, and also for every person they associate with, as well– also the states and also regions to which they pay tax obligations and also charges. The cannabis plant is so extremely effective. While we do not grow, procedure, or give it straight ourselves, we take satisfaction in our function in boosting the lives of those that do deal with the plant straight. Abaca allows them to concentrate on what they do best– providing the very best feasible cannabis experience to their consumers and also people.

Has the firm increased any kind of resources (yes or no): Yes

If so, just how much?: $ 1.35 M

Any type of intend on elevating resources in the future? Yes. We have actually experienced rather interesting development over the last number of years, also via the pandemic, and also we anticipate to open up a Collection A round quickly to allow us to take points to the following degree.

Essential firm five-year objective:
We’ll have prospered in our objective if, 5 years from currently, the “cannabis financial trouble” disappears than a far-off memory; and also, at the same time, we’re still tough at the workplace encouraging the economic lives of cannabis drivers coastline to coastline in brand-new and also cutting-edge means.

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