Abaca partners with banks to unlock business accounts, payments, and lending for the legal cannabis industry. It is at the crossroads of FinTech, RegTech, and the legal cannabis and hemp/CBD industries. We partner with community banks and other financial institutions to offer commercial deposit accounts, merchant services, treasury management, and lending to cultivators, dispensaries, product processors, and ancillary cannabis and hemp businesses. The company currently operates in a 12-state service area and has processed over $1 billion in cannabis commerce together with its partner banks as of June 2021.