In the cannabis industry, businesses face unique financial challenges that require innovative solutions, and two of the most effective ways to manage cash flow and drive growth are through lines of credit and trade credit.

Learn effective debt recovery methods, and preventative measures to safeguard your business from bad cannabis partners.

‘Let’s save money by not paying the mom-and-pop’ vendors’ — Norman Yousif, the founder and CEO of Off the Charts, recently became the center of controversy after a video surfaced, exposing him talking about deliberately failing to pay 'mom-and-pop' vendors.

Nabis, the leading licensed cannabis wholesale platform in the world’s largest legal market, today unveils an unrivaled partnership with CannaBIZ Collects, the foremost agency specializing in cannabis debt recovery. This strategic alliance signifies a pivotal moment in the cannabis industry, aimed at elevating the efficacy of third-party collection initiatives.

The burgeoning cannabis industry has created a demand for innovative financial solutions to support business growth and development. Among these solutions, cannabis debt financing is critical for companies seeking capital infusions without relinquishing significant ownership stakes.

The cannabis industry has witnessed exponential growth in recent years, leading to unprecedented opportunities for businesses and investors alike. However, this rapid expansion has also brought about unique challenges, and one of the most pressing concerns for cannabis companies in 2023.

Are you owed money? This is the ONLY question we always ask from our booth at conventions. As you might be reading this now from the comfort of your office, or maybe in between meetings from your phone, you might find yourself with a little bit more time or mental space to really think about it... Is your company owed money in the cannabis industry?

The cannabis industry has been expanding rapidly, but federal cannabis laws have been a major roadblock for businesses seeking to operate legally and sustainably.

In this blog post, we'll explore the process of suing a cannabis/marijuana company when owed money, along with the importance of considering a cannabis debt collection agency before resorting to legal action.

In the rapidly growing marijuana industry, addressing payment issues is crucial for maintaining a healthy financial ecosystem. As the first and leading cannabis debt collection agency in the United States, we understand the challenges faced by businesses when customers refuse to pay.

The cannabis industry is experiencing remarkable growth worldwide, presenting lucrative opportunities for entrepreneurs and investors. However, collecting money within this unique landscape comes with its challenges.

Debt consolidation is a process that allows borrowers to combine multiple debts into a single, more manageable loan with a lower interest rate. This is a popular option for individuals who have multiple high-interest loans or credit card balances, as it can help them pay off their debts faster.

As the first and leading cannabis debt collection agency in the United States, we have seen firsthand the impact that unpaid debts can have on cannabis businesses. Unpaid debts can be damaging to a company’s growth in an industry that is already severely regulated and penalized.

Not all debtors are simple to work with. Some people can be difficult, uncooperative, and even nasty. In the cannabis industry, dealing with tough debtors needs tact, patience, and expertise. Here are 7 methods for dealing with tough debtors in the cannabis sector.

Accounts receivable (AR) is an important part of any business, but are especially important in the cannabis industry. AR is the money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

The debt collection industry has evolved and become more sophisticated over time. Debt collection firms today utilize a variety of techniques to recover debts, including phone calls, emails, letters, and legal action.

As a cannabis-related business owner, you are almost guaranteed to run into an accounts receivable issue. While problems like these are tough, they are a part of running a business in this cannabis industry.

Both consumers and businesses are suffering as a result of the inflation rate reaching record highs. Many Americans' purchasing power has become constrained as the cost of basic requirements increased. Many companies have been struggling to keep up with the effects of inflation.

In the last ten years, the marijuana market has expanded to become a multibillion dollar sector. This sector appears to be a goldmine for entrepreneurs and while some find success within the industry, others struggle to break even.

Outstanding accounts receivables are a common issue within the cannabis industry. While there are several options readily available for companies to utilize when negotiating a settlement, there is one option companies should be wary of.