What if we told you that there is currently over $4 billion held up in outstanding accounts receivable/accounts payable in today’s regulated cannabis markets here in the U.S.? That’s Billion, with a B, and that’s a lot of money that has yet to make it to the hands of the people it is owed to. In fact, it represents over 10% of the total estimated market share of $34B. When you compare that percentage to the 4-5% average seen across most other industries, the plight of legal weed is undeniable.
Profit margins are slim, at best, at every link of the supply chain, but getting totally stiffed on your hard work can only happen so many times before it becomes unsustainable–financially and mentally–it’s one of the biggest brand killers in cannabis.
This sort of negligence is not always nefarious. Often, it is a domino effect of Party A failing to pay Party B, who was counting on that money to pay Party C, and on and on, the dominoes topple. And although unpaid invoices plague all sectors of regulated cannabis markets, there seems to be a plethora of problems getting paid back by both dispensaries and distributors.
While some cultivators, craftspeople, and manufacturers can insist on COD (i.e., getting paid for the goods when the goods are delivered), most of the time, the dispensary has the leverage since they control the limited amount of shelf space, and thus, they control who gets to occupy it. So, far too often, producers settle for “terms”, accepting a promise to get paid in 30 days, or 45 days… or never.
This inevitably leads to bad blood flowing through the market. In a culture rooted in relationship-building, this goes against everything we label as “legacy”, and has proven to be a death sentence for countless small to mid-sized brands, the craft-quality producers that most marijuana markets are so sorely lacking these days.
Again, not every dispensary acts this way, and not every dispensary acting this way is doing so out of greed. Most joints are in survival mode, much like the brands on their shelves. But survival is far less likely if they are burning bridges with the brands that bring them business.
Without access to traditional banking or lending solutions, too many struggling retailers have turned to outside investment, a potentially toxic problem worthy of its own article.
Now, what if we told you that you don’t have to parcel off your dream to the lowest bidder, that you don’t have to duck calls from cultivators you used to call your friends, and that a real, viable solution does exist?
Let us tell you about FundCanna.
FundCanna Financial Solutions Preserve Relationships & Propagate Good Business Practices
Tuned-in consumers of Beard Bros Media will recognize that we have dropped knowledge about FundCanna in the past, but as the roots of the industry’s financial woes get further exposed, the more valuable their services become.
Some of the smartest and most successful businesspeople throughout history have made it no secret that their path was paved by using other people’s money to make more money. This, essentially, is the opportunity that FundCanna is offering for qualified clients. As a leading provider of cannabis-focused funding, FundCanna has approved and underwritten over 5,000 applications since 2021, protecting hard-earned relationships and preventing the next domino from falling.
With a full-spectrum team ranging from financial gurus to former guerrilla growers, FundCanna uniquely understands where brands and retailers converge, and the potential problems that can arise in those transactions. Their deep pockets provide funding solutions from as little as $5,000 up to $5,000,000.
In their attempt to tackle the Accounts Receivable nightmare currently crippling cannabis markets, they have simplified the online application procedure and implemented a highly efficient automated approval process that can quickly grant credit lines up to $25,000 with some standard information and a few mouse clicks.
Powered by their unrivaled ReadyPaid program, FundCanna is finally enabling cultivators, hash artists, edibles craftspeople, and other producers to receive immediate payment while offering distributors and dispensaries the flexibility to manage cash flow with buyer-friendly financing terms.
With ReadyPaid, your first 30 days of borrowing come at no cost, with no payments. After that initial 30 days, you can either pay the balance off in full or begin a fee-bearing weekly payment schedule, amortized over the next six months.
To be clear, brands, cultivators, dispensaries, distributors, manufacturers, and other cannabis and hemp-focused business leaders can also tap into Fundcanna to finance opportunities as high as the six-figure mark with same-day approvals, and even seven-figure projects with approvals and funding coming within days of applying.
As an entrepreneur in a rapidly evolving industry, nobody knows your cash flow like you do. With the flexibility of FundCanna financing, you can keep your valuable vendors on the menu. Product flow is crucial for cash flow, and the industry’s best brands will be lined up to put paid-for products on your shelves. Then it’s up to you to slang some sacks to pay the credit line back.
This is how the real world operates every day; the cannabis world has just been deprived of such solutions… until now.
It is absolutely worth exploring the financial tools offered by FundCanna. If a six or seven-figure opportunity is just out of reach, or if the thought of future unpaid invoices keeps you up at night, the reasonable cost associated with a reliable cannabis-friendly credit line from FundCanna is just smart business.
Don’t give up your company or your reputation. Buy some breathing room, strengthen business relationships, organically increase your topline revenue, and fund your path to success with FundCanna.
Learn more and apply today at https://fundcanna.com/
