Massachusetts H4534 regulates accounts receivable in the cannabis industry by establishing a delinquent list for non-paying licensees.

Massachusetts H4534 amends Chapter 94G of the General Laws to regulate accounts receivable in the cannabis industry. The bill mandates the Massachusetts cannabis control commission to promulgate regulations ensuring compliance with the act within one year of its effective date. It prohibits licensees from extending or receiving credit for marijuana or marijuana products unless creditors have been notified and allowed reasonable time to object. The commission must post the names and addresses of delinquent licensees on a public list.

Massachusetts H4534 regulates accounts receivable in the cannabis industry by establishing a delinquent list for non-paying licensees.

Massachusetts H4534 amends Chapter 94G of the General Laws to regulate accounts receivable in the cannabis industry. The bill mandates the Massachusetts cannabis control commission to promulgate regulations ensuring compliance with the act within one year of its effective date. It prohibits licensees from extending or receiving credit for marijuana or marijuana products unless creditors have been notified and allowed reasonable time to object. The commission must post the names and addresses of delinquent licensees on a public list.