If You’re Chasing Invoices in Cannabis, Listen to This ft. Brett Gelfand

You produced the product.They said they needed terms — “as soon as it sells, we’ll pay.”But the days kept going by… and nothing came in.In cannabis, collections are brutally difficult. With limited banking and tight cash flow, cash is king. So how do you know who’s trustworthy? Who’s a repeat offender? And where do you even go to collect?Sadly, this scenario is far too common — and it’s crushing the industry.This week we sit down with Brett Gelfand, founder of CannaBIZ Collects and the Cannabis Credit Association, to explore:How to protect your business before extending net termsWhat to do when customers ghost you on paymentHow big of an issue is this, really? Guest Links:https://www.linkedin.com/company/cannabiz-collects/https://x.com/cannabizcollecthttps://www.instagram.com/cannabiz.collects/https://www.cannabizcollects.com/https://www.linkedin.com/company/cannabizcredit/https://www.instagram.com/cannabizcredit/https://www.cannabizcredit.com/Chapters00:00 Introduction to the Cannabis Industry Challenges03:09 Brett Gelfand's Journey into Cannabis05:59 The Importance of Credit Policies in Cannabis09:11 Proactive Approaches to Collections12:12 Building a Credit Association for Cannabis14:47 Data Aggregation and Industry Insights18:01 Navigating Legal and Ethical Challenges20:52 Market Trends and Future Outlook24:30 Understanding the Cannabis Industry's Financial Challenges32:03 Navigating the Debt Collection Process39:00 The Unique Aspects of Cannabis Collections43:53 The Current State of Cannabis Debt and Collections  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.