Leader in Cannabis Debt Collections

CannaBIZ Collects is the best debt collection agency for cannabis companies. Founded with more than 35 years of collection industry experience and along side former cannabis operators. CannaBIZ Collects is uniquely equipped to handle every cannabis related accounts receivable issue throughout USA and Canada, both adult-use and medical.

CannaBIZ Collects is uniquely positioned to be the leader in cannnabis and cbd related collection matters for 2 reasons. #1: CannaBIZ Collects is the first and leading collection agency focused solely within the cannabis industry. This creates a major advantage in regards to our understanding, database and connections in the industry to yield a quicker and higher success rate than other agencies. #2: All claims received by CannaBIZ Collects is managed by Ross Gelfand, who has over years of commercial collection and collection law experience. Ross previously represented fortune 500 accounts such as Capital One and Honda, managing over 150 collectors and a full legal team.

CannaBIZ Collects understands how to successfully manage first party receivables while also understanding the importance of reputation and superb customer service in the cannabis industry. CannaBIZ Collects offers multiple options including hourly or contingency to handle first party receivables prior to the accounts needing to be sent to collections. With our large database of cannabis clients and database, we can utilize our own resources and network to ensure we do everything possible to get your accounts to pay prior to needing collection efforts.

A cannabis specialized collection agency is the top choice over retaining an hourly law firm or attorney. Since CannaBIZ Collects is purely a contingent agency you bear zero risk if your debtor either decides not to pay or does not have the funds to pay. Attorneys will bill you regardless of a successful outcome which can result in high legal fees without a successful result. More so, many business attorneys and law firms do not specialize in collections and are not the optimal bill collectors. CannaBIZ Collects is comprised with a commercial collection law background, but with the power, persistency and dominance as the leading collection agency in the cannabis and cbd industry.

CannaBIZ Collects typically is yielding around a 80%+ success rate depending on the quality of the claim. Since we have worked thousands of cannabis related claims, we know quickly if we are willing to take on a specific claim or not. This not only helps save us time and effort but also our client to make the best next decision as soon as possible. Our database and experience helps to ensure the highest success rate in the industry for cannabis related collections.

CannaBIZ Collects is the first and leading collection agency focused solely within the cannabis industry. This creates a major advantage in regards to our understanding, database and connections in the industry to yield a quicker and higher success rate than other agencies. Our agency understands how to speak the lingo specific to the cannabis industry while also being well connected to the good and bad actors in the space. More so we are able to provide our clients with various referrals and networking opportunities based on their needs since CannaBIZ Collects is heavily tied into the cannabis industry.

CannaBIZ Collects represent a wide range of different clients that are doing business in the cannabis and cbd industry. These range from any of the growers, producers, or distributors selling directly to dispensaries and retailers. Our firm also represents many ancillary cannabis companies including marketing agencies, staffing, grow supply, lighting, law firms, etc that are owed money from various cannabis and cbd clients.

If CannaBIZ Collects can't collect there is zero risk to our client. Since we are solely a contingency only agency, if we cannot collect, our clients don't pay. Period. In other words we take on all the risk to collect on an account and if we are unsuccessful the client can decide to take back the claim to write it off or has the option to escalate the matter to legal. We work with associated attorneys from across the country to litigate claims on behalf of our clients if we are unsuccessful with our collection efforts.

Recovering money owed to you by a company in the cannabis industry can be challenging, but there are steps you can take to improve your chances of getting your money back.

Communicate Clearly: Initiate contact with the company and clearly communicate the outstanding debt. Ensure you have documentation supporting the owed amount and any agreements or contracts related to the debt.

Professional Negotiation: Attempt to negotiate a resolution with the company by sending a final demand letter stating that you will have to escalate the matter to a debt collection agency if the money is not paid.

Cannabis Debt Collection Agency: If your negotiations fail, talking to a reputable cannabis debt collection agency like CannaBIZ Collects can significantly increase your chances of successfully recovering the money owed to you. We have the knowledge and resources to pursue debt collection while adhering to the industry's unique regulations.

Legal Action: In some cases, legal action may be necessary to collect your money. If the collection efforts have been exhausted, our team of experts might recommend suit.

When it comes to recovering unpaid invoices in the cannabis industry, there are legal options available. First, it's important to engage with a specialized cannabis debt collection agency like CannaBIZ Collects, who understands the unique legal landscape of the cannabis business. They can assess your case and determine the most appropriate legal actions to take. Depending on the circumstances, legal options may include sending demand letters, filing a lawsuit in civil court, or pursuing arbitration or mediation. A knowledgeable attorney experienced in cannabis law can provide guidance on the best course of action based on the specific details of your unpaid invoices.

Dealing with delinquent customers in the cannabis sector requires a proactive approach to maximize debt recovery. As cannabis entrepreneurs and debt collection experts, we recommend going to a specialized cannabis debt collection agency like CannaBIZ Collects, who possess in-depth knowledge of the industry's unique challenges and regulations. These experts can employ effective collection strategies, including legal action if necessary, to recover the debt and protect your financial interests. Remember to document all interactions, agreements, and collection efforts to maintain a comprehensive record of the delinquent customer's actions.