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 terms • What to do when customers ghost you on payment • How big of an issue is this, really? "If You’re Chasing Invoices in Cannabis, Listen to This ft. Brett Gelfand" Simplecast: https://the-dime-177afd40.simplecast.com/episodes/if-youre-chasing-invoices-in-cannabis-listen-to-this-ft-brett-gelfand Spotify: https://open.spotify.com/episode/4DoRgiH1C7H4iS0aIf0dLc?si=UYVoxN9hQNmaeOfZFDGTHA Apple: https://podcasts.apple.com/us/podcast/if-youre-chasing-invoices-in-cannabis-listen-to-this/id1540199573?i=1000703884274 Guest Links: https://www.linkedin.com/company/cannabiz-collects/ https://x.com/cannabizcollect https://www.instagram.com/cannabiz.collects/ https://www.cannabizcollects.com/ https://www.linkedin.com/company/cannabizcredit/ https://www.instagram.com/cannabizcredit/ https://www.cannabizcredit.com/ Chapters 00:00 - 03:09 Introduction to the Cannabis Industry Challenges 03:09 - 05:59 Brett Gelfand's Journey into Cannabis 05:59 - 09:11 The Importance of Credit Policies in Cannabis 09:11 - 12:12 Proactive Approaches to Collections 12:12 - 14:47 Building a Credit Association for Cannabis 14:47 - 18:01 Data Aggregation and Industry Insights 18:01 - 20:52 Navigating Legal and Ethical Challenges 20:52 - 24:30 Market Trends and Future Outlook 24:30 - 32:03 Understanding the Cannabis Industry's Financial Challenges 32:03 - 39:00 Navigating the Debt Collection Process 39:00 - 43:53 The Unique Aspects of Cannabis Collections 43:53 - 48:06 The Current State of Cannabis Debt and Collections At Eighth Revolution (8th Rev), we provide services from capital to cannabinoid and everything in between in the cannabinoid industry. 8th Revolution Cannabinoid Playbook is an Industry-leading report covering the entire cannabis supply chain The Dime is a top 5% most shared global podcast The Dime has a New Website. Shhhh its not finished. The Dime is a top 50 Cannabis Podcast