Before you send the first invoice, the work you do can prevent accounts from ever becoming delinquent in the first place. Past due invoices happen for all kinds of reasons. At CannaBIZ Collects, we’ve pretty much heard them all. Over many years in the collections business, we’ve found that past due invoices can sometimes be prevented altogether with a few simple fixes.

A financial risk every cannabis business faces when selling on credit is non-payment. When this happens, it hurts your cash flow and leads to financial issues.

One way to help control this financial risk is to have the company’s owner sign a personal guarantee making them personally liable for the debt.