Along with the rapid growth of legalization is the rapid growth of the industry’s economic status. For decades, conversations have surfaced surrounding the positive impact that the cannabis industry could have on our country’s economy; fixing taxes, reducing crime, etc.. As we move into 2018, it is finally coming into fruition, but one major aspect […]
trade credit
Protect Your Cannabis Business From Getting Burned By “Friendship Credit”
In our article, published by CBE in July (“Five Signs Your Cannabis Customer Needs to be Placed With A Collection Agency”), we mentioned that many companies servicing the cannabis market are now extending what we call “friendship credit” – in other words, allowing customers whom they know well, and have been dealing with on a […]
Five Signs Your Cannabis Customer Needs to be Placed With a Collection Agency
While trade credit is not currently the norm in the cannabis market, it will be in the near future. Once there is credit, collections is not far behind. So, what is collections? Collections is the recovery of outstanding funds from a business which you have extended credit to for products or services. Almost every company […]
