Dope Deadbeats? – California Hires Credit Bureau to Create a Blacklist of Cannabis Companies That Don’t Pay Their Bills
May 27, 2023
A majority of the wholesale B2B cannabis business in California is represented by a group of distributors and brands that have engaged a credit association to assess shops to reduce the hundreds of millions of dollars in arrears and deter repeat offenders. The Credit Management Association (CMA), a nonprofit organization with headquarters in a suburban area of Los Angeles, is reviewing invoices and other paperwork from more than a dozen distributors and companies.