‘Let’s save money by not paying the mom-and-pop’ vendors’
In California's legal cannabis market, Off the Charts, a prominent dispensary chain, has found itself thrust into the spotlight for all the wrong reasons. Norman Yousif, the founder and CEO, recently became the center of controversy after a video surfaced, exposing him talking about deliberately failing to pay 'mom-and-pop' vendors. The revelation has ignited a firestorm of outrage, shedding light on a pervasive issue within the state's cannabis industry – the exploitation of small-scale farmers and the ongoing unpaid and past-due accounts.
The Video That Sparked Outrage: In the viral video, Norman Yousif can be seen candidly discussing his questionable business practices. The footage captures him boasting about intentionally withholding payments from local, independent growers, commonly referred to as 'mom-and-pop' vendors, who form the backbone of California's cannabis cultivation scene. The callous remarks made by Yousif have incited public fury, bringing to the forefront the systemic challenges faced by small-scale cannabis producers.
The harsh reality that many cannabis farmers in California face has come to light as a result of the video revelation. Despite operating within the legal framework, these local growers struggle against powerful dispensary chains, which allegedly exploit their position to negotiate unfavorable terms. Unfair payment practices not only hinder the growth of these cannabis businesses but also contribute to a widening economic disparity within the cannabis industry.
Norman Yousif's admission raises questions about the integrity and fairness of California's legal cannabis market. With Off the Charts being a significant player in the industry, the controversy has the potential to erode trust among consumers and tarnish the reputation of the entire legal cannabis sector. The incident underscores the need for increased regulation and oversight to ensure ethical business practices and protect the interests of all stakeholders involved.
The incident has prompted a broader conversation about the ethical responsibilities of businesses within the cannabis industry and the urgent need for measures to prevent such exploitative practices.
CannaBIZ Collects started exactly because of situations like these, aiming to counteract the bad business practices that have plagued the sector. Recognizing the persistent issues faced by marijuana vendors, CannaBIZ Collects was founded with a clear mission – to promote fairness, transparency, and ethical business dealings in the cannabis market by collecting past-due accounts. By specializing in cannabis debt collection, the agency plays a crucial role in empowering small-scale growers, ensuring they receive timely and rightful payments for their products. CannaBIZ Collects acts as a catalyst for positive change, challenging exploitative practices and encouraging a more equitable landscape within the legal cannabis industry. Through our dedicated efforts, we contribute to reshaping the narrative of the industry, fostering trust, and promoting sustainable growth for all stakeholders involved.
Our Solution: Committed to fostering fairness and ethical business practices, CannaBIZ Collects plays a crucial role in advocating for the rights of cannabis entrepreneurs and companies. In tandem with its mission, the creation of Cannabiz Credit Association, further solidifies this commitment to transformation. By establishing comprehensive databases with cannabis accounts receivable (A/R) information, the Cannabiz Credit Association empowers its members to make well-informed credit decisions. This strategic move not only enhances transparency within the industry but also fosters trust among stakeholders. Through their combined efforts, CannaBIZ Collects and the Cannabiz Credit Association strive to reshape the narrative of the cannabis industry, promoting a future built on trust, transparency, and transformation.
