Establishes procedures for managing accounts receivable in the Massachusetts cannabis industry.
This bill amends Chapter 94G of the General Laws to introduce procedures for managing accounts receivable in the cannabis industry. It mandates that licensees notify the commission within three days if they extend credit for marijuana or marijuana products for more than 60 days. The commission will post the delinquent licensee's name on its website, notifying all other licensees. The commission can suspend these provisions if certain conditions are met, such as natural disasters.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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