Cannabiz Credit Association

We’re excited to introduce Yield Distribution as the newest addition to our Cannabiz Credit Association community! Yield Distribution is dedicated to helping brands grow and thrive. With the largest sales team in the state, deep relationships with retailers, and strategic marketing solutions, they provide the expertise and support needed to drive success from seed to shelf. Their commitment to innovation, collaboration, and strong retail partnerships makes them a powerhouse in cannabis distribution. Let’s celebrate Yield Distribution and their role in shaping the future of cannabis sales and logistics! #WelcomeYieldDistro #CannabisDistribution #RetailExcellence #CannabisIndustry #CannabisBusiness

Let’s welcome Final Bell, the newest member of the Cannabiz Credit Association community! Final Bell is revolutionizing the cannabis supply chain by providing an end-to-end manufacturing, packaging, and distribution solution that enables brands to scale quickly and efficiently. With nearly two decades of industry expertise, Final Bell supports leading cannabis companies in bringing high-quality products to market while maintaining consistency across multiple regions. Their commitment to innovation and operational excellence ensures a seamless experience from concept to consumer. #WelcomeFinalBell #CannabisManufacturing #InnovationAtScale #CannabisIndustry #CannabisBusiness

If you're naming and shaming debtors on informal "blacklist" websites, you're exposing yourself to antitrust lawsuits. Every day, operators are sharing payment histories across Facebook groups and websites. On the surface, the practice seems positive—just companies warning each other about bad actors. But publishing these lists exposes companies to devastating antitrust lawsuits. Sophisticated debtors actively monitor these forums for legal opportunities. This industry has matured beyond whisper networks and blacklists. This is another reason why we need to move en masse to professional credit monitoring. Credit associations collect and verify real payment data systematically. This structured approach reveals genuine patterns of payment behavior. Companies can finally make decisions based on facts rather than rumors, which can lead to a litany of problems far greater than a late payment. The Cannabiz Credit Association delivers verified payment histories. For $125 monthly, members access compliant credit monitoring tools. The investment protects you from costly antitrust violations.

We’re excited to introduce Push Cannabis as a new Cannabiz Credit Association member! As a leader in Michigan’s cannabis industry, Push Cannabis is committed to delivering high-quality THC edibles and innovative cannabis solutions. Known for their Smokiez Edibles, they prioritize clean ingredients, crafting vegan and gluten-free gummies that stand out in taste and quality. Beyond edibles, Push Cannabis excels in manufacturing, distribution, sales, and digital marketing, helping brands thrive in an evolving market. Let’s celebrate Push Cannabis and their dedication to excellence in every aspect of the cannabis business! #WelcomePushCannabis #QualityEdibles #CannabisInnovation #MichiganCannabis #CannabisIndustry #CannabisBusiness

If I was starting a cannabis company today and wanted to ensure that we didn't get bogged down in AR, this is what I'd do: 1. Get a system for monitoring credit ratings. 2. Appoint someone to oversee AR and credit checks. 3. Have a tight system for extending terms. Do this from DAY ONE. The tides are so choppy out there that your boat will be full of water if you're not extra careful and have a system to ensure that you're in the best position to collect what you're owed. I'd obviously advocate for the Cannabiz Credit Association - particularly as we have new functionality that recommends specific terms (Net 7, Net 15 etc.) based on the account's credit history. It's never too late to have better credit practices. But it's never too early either! The great companies that have yet to be founded in this industry will be cognizant of this risk from day 1.

?? 2024 Wrapped: The State of Cannabis Credit & Collections ?? Another year in the books, and the numbers tell a powerful story. $2.24 BILLION in total A/R data tracked by Cannabiz Credit Association & CannaBIZ Collects—giving the industry the insights it needs to make smarter credit decisions and tackle unpaid debt. ?? Key Takeaways from 2024: - 46% of A/R is still CURRENT, meaning businesses are extending and receiving credit—but for how long? - 24% is 90+ days past due, a major red flag ?? - $406M is outstanding in the 1-30 day bucket—cash flow is crucial, and delays are risky. This data isn’t just numbers—it’s the pulse of the industry. If you're extending credit, you NEED to be informed. Bad debt isn't a cost of doing business—it’s a problem that can be solved. Want to reduce risk, improve collections, and make better credit decisions? ?? Join the Cannabiz Credit Association for real-time credit data. ?? Work with CannaBIZ Collects to recover what's owed. #cannabisindustry #cannabiscreditmanagement #cannabisdebtcollection #cannabisbusiness #UOWEME

Let’s give a warm welcome to SparkPlug, the newest member of our Cannabiz Credit Association community! SparkPlug is redefining the way retail and hospitality teams are motivated with its first-of-its-kind sales incentive platform. By empowering frontline employees to earn like owners, SparkPlug connects businesses, brands, and sales teams to drive performance and maximize growth. Through real-time sales data integration and automation, they help businesses create seamless incentive programs that boost engagement, revenue, and employee satisfaction. #WelcomeSparkPlug #SalesIncentives #CannabisRetailInnovation #CannabisIndustry #CannabisBusiness

In the cannabis industry, oversupply creates a major accounts receivable (AR) challenge. When buyers know they have an abundance of product available, they start stretching out payment terms, freeing up their cash flow—but at the expense of wholesalers and producers struggling to stay afloat. So, where does this oversupply problem come from? And what can be done to course-correct? In this episode of the #UOWEME Series, Brett Gelfand and John Manlove of Apex Trading break down the root causes of market saturation and discuss solutions for protecting cash flow and improving credit practices in the cannabis space. ?? Watch the full episode on our website today! #CannabisIndustry #CannabisFinance #AccountsReceivable #BusinessGrowth #UOWEME #CannabisEconomy #CannabisCashFlow

You wouldn't blame QuickBooks for low revenue... so why blame your service providers? We had a fascinating chat with John Manlove, CEO and Founder of Apex Trading about the sometimes amusing excuses businesses make when it comes to paying their vendors. His take? When sales are down, you don't call Salesforce to complain. When revenue dips, HubSpot doesn't get the blame. So why do some businesses try to withhold payment from service providers based on their own performance? A reminder that tools and services are just that - tools. Success comes down to how you use them. Thoughts on this? Have you encountered similar situations in your business? Check out the full episode in our #UOWEME Series - an exclusive video series where CCA members dive deep into the financial side of the cannabis industry. Find it under the Media section on our website. Hosted by CCA Principal Brett Gelfand, each episode features engaging conversations with Cannabiz Credit Association members who share their expertise on accounts receivable management, financial challenges, and proven strategies for business growth. #CannabisIndustry #CannabisCommunity #CannabisBusiness

We’re proud to introduce Green Thumb Industries (GTI) as the latest addition to our Cannabiz Credit Association community! Founded on the belief that cannabis enhances well-being, Green Thumb Industries (GTI) is a leading multi-state operator committed to providing safe, high-quality, and innovative cannabis products. Beyond cannabis, GTI is deeply committed to social impact, sustainability, and fostering an inclusive industry, actively working to create lasting change through their Growing for Good program. Join us in supporting Green Thumb Industries as they continue to innovate and lead in the evolving cannabis landscape! #WelcomeGTI #GreenThumbIndustries #CannabisInnovation #GrowingForGood #CannabisIndustry #CannabisBusiness