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Five Signs Your Cannabis Customer Needs To Be Placed With A Collection Agency – Published in Cannabis Business Executive June 2017

While trade credit is not currently the norm in the cannabis market, it will be in the near future. Once there is credit, collections is not far behind.

So, what is collections? Collections is the recovery of outstanding funds from a business which you have extended credit to for products or services.

Almost every company in the cannabis industry, whether they are a grower, manufacturer or service provider, are extending some type of credit to a segment of their customers. Most of the credit extended today is “friendship credit” – credit that is extended to a customer you have known for a while and with whom you have developed a personal relationship. But no real credit analysis was performed.

To read the full article click  here .