Matt Hutchinson discussed LeafLink's new payment on sell-through model, which addresses the $3.8 billion in unpaid bills in the cannabis industry. This model guarantees payment for sold products and provides real-time insights to brands and retailers. It aims to alleviate cash flow issues by aligning cash inflows with outflows. The system is currently available in Michigan, Mississippi, and Colorado, with plans to expand. Hutchinson emphasized the importance of accurate inventory management and the benefits of this model for both retailers and brands. He also touched on the broader industry challenges, including the impact of delinquent payments and the need for legislative changes.
LeafLink's new payment model aims to solve the pervasive problem of unpaid bills in the cannabis industry by guaranteeing payment for sold products and providing real-time insights to brands and retailers. This innovative approach aligns cash inflows with outflows, improves inventory management, and offers greater financial transparency. While the industry faces ongoing challenges like regulatory hurdles and banking limitations, LeafLink is committed to providing solutions that support the growth and stability of the cannabis market.