trade credit Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

The Cannabis Market’s Growing Need for Trade Credit Data

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..…

Protect Your Cannabis Business From Getting Burned By “Friendship Credit”

August 25, 2017
Sam Fensterstock
Banking, Finance & Real Estate, Cultivation, Packaging, Processing, Retail
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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…

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…