Heather L. Burke Attorney: An Epidemic of Farmers Going Unpaid: Strategies for Going After Your Money

Heather L. Burke Attorney: An Epidemic of Farmers Going Unpaid: Strategies for Going After Your Money

An Epidemic of Farmers Going Unpaid: Strategies for Going After Your Money By: Heather L. Burke   Many of California’s licensed cannabis farmers recently transferred their cannabis to distributors on terms the distributors did not meet. As if the licensing game wasn’t hard enough, many of the 2019 cultivation licensees were in year 1 or 2 of a three-year plan to recoup costs and get out of the red. Failure to get paid not only hurts the family farm’s ability to survive, but when farms can’t afford to invest in their businesses, it hurts their ability to thrive. I’ll be honest. Due to the volatility in California’s cannabis market, some of those farmers ain’t never gettin’ paid. The farmer can take the most aggressive measures legally available and sometimes ya just can’t squeeze blood out of a turnip. The only way to guarantee payment is to get paid up front, cash on delivery (“COD”), or in most cases, upon pickup from a licensed transport distributor. But holding out for a COD sale means waiting to get paid, and that’s risky too, as the market ebbs may bring an earlier round of light deprivations (deps) next spring, keeping prices lower than…

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Source : CANNANNEW REPORT
Link to original : Heather L. Burke Attorney: An Epidemic of Farmers Going Unpaid: Strategies for Going After Your Money
reposted by Cannabis News World

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