Custom Credit Applications by CannaBIZ Collects! Allow us to create a customized application your business can use next time it thinks about extending credit!Read More
The cannabis industry is growing. However, with adult use being first legalized in Colorado 4 years ago, the industry is still in its infancy. Like all other businesses, reputation is extremely important and canna-businesses must create brand awareness, create valuable relationships, and scale operations to one day become a leader in their space.Read More
Entrepreneurs around the globe need to settle on the hardest choices, and do so consistently to properly influence their organizations. It can be hard to settle on the best choice for your organization, but then again numerous operators battle with settling on the correct decision. This article centers around providing the costly monetary errors that entrepreneurs make every day.Read More
Time is a powerful thing. In some circumstances in cannabis time can be your friend. Taking an extra day to review a contract, great idea. Giving your plants an extra week to flower, so they can reach optimum potency and flavor profiles, is a good idea. Leaving your freshly blasted concentrate slab in vacuum ovens for an extra 12 hours so it purges properly, is a great idea. Taking the extra time, to hand manicure and trim your bud, is a great idea. A many number of things in cannabis benefit from extra time. However cannabis debt collection is most certainly an exception to that rule.Read More
Cannabiz Collects knows the cannabis industry. We also know credit worthiness and debt collection. We believe that offering credit will help our blooming industry to grow and blossom!Read More
If your letter writing, personal meetings, and phone calls have all failed to resolve a debt issue, it’s time to call in a professional — a debt collection agency or a lawyer specializing in debt collection.
The most obvious choice to collect an unpaid debt is a collection agency. Agencies come in all sizes — some are local, some specialize in handling certain kinds of debts, and others are national in scope. The cost varies, depending on the volume of business you bring to the table, and the amount of debt that is to be collected. Plan on paying 25 to 30 percent of the amount collected, with some agencies demanding a 50-50 split.Read More
We are owed $50,000 by one of the largest retailers in the state, but we don’t want to ruin our relationship with them!” As collection experts, we are approached constantly with similar examples of clients worried to collect the cash they are yet to be paid. As our founders worked in the cannabis industry themselves, CannaBIZ Collects was formed to act as a responsible & respectful liaison to recoup outstanding A/R balances for their clientsRead More
Come visit with us at the MJ Biz Conference in Washington, DC on May 18th!Washington DC has joined the ranks of the many U.S states currently permitting the recreational use of cannabis. While many have celebrated these groundbreaking changes, it does not mean that the new laws do not come without their own set of restrictions. If you are hoping to enjoy recreational cannabis in the state of Washington DC, we suggest reading on for a closer look at their current rules and restrictions.Read More
In the cannabis industry, many companies feel helpless when deciding how to manage and collect their outstanding, past due receivables. We have heard time after time, businesses “writing off” outstanding A/R because they have exhausted their own internal time and energy to collectRead More
With new cannabis investors and entrepreneurs rushing to be a part of today’s “Green Rush”, it is not surprising that collections and accounts receivable management may be pushed to the background. Many canna-businesses today either do not have the personnel, systems, or business knowledge to properly manage their outstanding accounts receivables and payables.Read More
The cannabis business isn't an easy one. On top of massive capital outlay used for building initial infrastructure, a cannabis business operator must also navigate a maze of difficult and confusing bureaucratic red tape.Read More
In an era when cities across America are providing refuge for undocumented individuals avoiding immigration officials, lawmakers in California are looking to turn their state into a similar “sanctuary” for the marijuana industry and the many residents who legally use the plant.Read More
Florida committee decides Amendment 2 doesn’t include smoking, vaping, edibles
Bill also caps number of growers at the current number of seven, and maintains a 90-day waiting period for patients
TALLAHASSEE, Fla. — A bill to implement Florida’s medical marijuana constitutional amendment has passed its first committee in the state’s House of Representatives.
The bill (HB 1397) passed the Health Quality Subcommittee on Tuesday. It must go through two more committees before reaching the House floor.
Rep. Ray Rodrigues’ bill would largely keep in place the regulatory structure set up the past three years, including keeping the number of growers at the current number of seven, maintaining a 90-day waiting period before patients can receive cannabis and banning smoking, vaping and edibles.Read More
The first tangible results of state voters' decision to legalize marijuana are being felt as possession and home growth of marijuana becomes legal. Voters narrowly passed the ballot question in November, and the waiting period between the vote and legalization has expired.Read More
One of the biggest health insurance companies in the Netherlands announced last month that it will stop covering the costs of medical cannabis. The announcement, which comes at a time of increasing use of medical cannabis in the country, has sparked sharp criticism among patients.Read More