The cannabis industry, despite its rapid growth and increasing acceptance, continues to face unique challenges, particularly in the realm of financial transactions. Due to the federal illegality of cannabis in the United States and the stigma still attached to the industry globally, many cannabis dispensaries struggle with payment processing, financial transparency, and building trust among stakeholders.

In this episode, CCA Principal Brett Gelfand interviews Jared Angell, Director of Business Development at Distru, about the complex dynamics of cannabis credit and collections. Together, Brett and Jared examine the challenges faced by operators, retailers, and distributors who are working hard to survive in an industry that presents constant regulatory and financial hurdles.

The cannabis industry has grown exponentially in recent years, offering lucrative opportunities for entrepreneurs willing to navigate its unique challenges. However, with success comes responsibility—particularly in the realm of financial management. Effective cannabis accounting is vital for cannabis entrepreneurs to manage cash flow, secure funding, stay compliant with tax laws, and maintain sustainable growth.

The cannabis industry is growing at an unprecedented rate, evolving from a niche market into a multibillion-dollar sector that spans recreational and medicinal use. Despite its meteoric rise, cannabis companies face unique challenges, particularly when it comes to securing funding and establishing financial credibility. Among these challenges, credit scores play a pivotal role, often determining the feasibility and scalability of cannabis ventures.