In this episode we are exploring the intricacies of extending credit terms within the highly regulated and capital-intensive cannabis industry. Adam Cavanaugh, President of the Cannabis Credit Association, explains the importance of the pressing issue of trade credit and its impact on cash flow. Adam shares his insights on instilling accountability and transparency, aiming to prevent the escalation of credit problems to epidemic levels. This episode with Adam not only shows us the challenges but also provides strategies we can apply for both brands and dispensaries to safeguard their financial health and foster long-term success in the cannabis market. Tune in as we discuss the complex financial dynamics of the cannabis industry.

Chapters:

• 00:00:00 - Welcome to "How to Flourish in Cannabis"
• 00:01:25 - A Deep Dive with Adam Cavanaugh: Shaping the Future of Cannabis Credit
• 00:02:40 - The Cannabis Credit Dilemma: Identifying Key Issues and Solutions
• 00:06:06 - Navigating Legalities and Proactive Strategies in Cannabis Financing
• 00:08:21 - Mastering Trade Credit: Tips for Cannabis Entrepreneurs
• 00:12:34 - The Role of Data and Transparency in Strengthening Cannabis Credit
• 00:16:26 - Building a Supportive Community for Financial Success in Cannabis
• 00:20:57 - Wrapping Up: Insights and How to Connect with Us

Links and Resources:

• LinkedIn
• Cannabiz Credit Association
• Flourish Software
• Brian Weber on LinkedIn

Thanks so much for joining us this week. Want to subscribe to How to Flourish in Cannabis? Have some feedback you’d like to share? Connect with us on Spotify, Apple Podcasts, and YouTube to leave us a review!