This session will cover the growing issue of bad debt in the cannabis industry and best practices regarding credit and collections. Since banking and working capital financing is still complex in our industry, cannabis companies utilize trade credit to increase sales and maintain an advantage in a highly competitive marketplace. However, since there is very little credit data and tools available to make educated credit decisions, cannabis companies are experiencing severe pain points with customers owing them money or being paid late. This leads to a ripple effect of cash flow concerns across the industry.

Many canna-companies either do not have the resources or have not focused on establishing a strong credit and collection process before entering into transactions with their customers. This session will uncover ways to position your company to make better credit decisions and what steps to take if a customer does not pay on time. With these tools, your company can be in a much safer position to conduct business without the significant risk of losing valuable cash due to delinquent accounts.

This Sponsor Exclusive ‘Ask the Experts’ Cultivation Virtual Conference is a free, webinar-style event during which industry-leading technology and solutions providers will share their expertise in product selection, best practices, and more related to the growing and management of state-legal THC cannabis and hemp crops.

Don’t miss some speakers discussing topics ranging from structures and coverings to credit and collections, horticultural lighting, packaging, and more.

PLUS! You’ll have the opportunity to ask questions during a live Q&A period.