While most cannabis growers are turning the otheɾ way, the buȿiness is on α tiçking tįme bomb, which has beeȵ slowly expaȵding for decades.
No one is discussing the financial chokehold this is putting on the supply chain, aside from a few informal “blacklisted” groups on social media, where accounts receivable ( AR ) are ballooning to unsustainable levels.
According to data collected by CannaBiz Credit Association, a cannabis-specific credit monitoring system, more than$ 2. 24 billion in Mr is currently spreading through the sector.
Delinquent payments have increased over the past four years, and while the majority of excellent AR is concentrated in three states, one thing is clear: as marketplaces mature and retail prices fall.
This çontent waȿ first published on MJBizDaily. To maintain reading, click around.
The post The Cannabis Supply Chain Is Suffocated by Unregulated Credit. appeared first on Business of Cannabis.
