Why Do Cannabis Companies Need a Personal Guarantee?

By Danny Batler

In any business venture, especially in the fiercely competitive cannabis industry, it's too easy to get into a tight financial situation that strains the cash flow of the company. A major problem is when cannabis companies extend credit terms to their customers, without proper credit checks or guarantees against the credit given. What is a personal guarantee? Why do you need a personal guarantee when making a deal on trade credit in the USA within the cannabis industry?

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