Although the New York cannabis market has gotten considerably better – the number of operational retailers has grown to 52 as of Jan. 19 – a new problem has arisen for operators upstream in the supply chain: how to collect on unpaid bills from retail shops.
The issue of nonpayment by licensed New York marijuana stores has been around since the market launched just over a year ago, said Brittany Carbone, both a marijuana farmer and the incoming vice president of the Cannabis Association of New York.
But it’s become more obvious and pressing as the market has developed, Carbone said, and thus far, the state Office of Cannabis Management hasn’t policed the market the way it should.
“One of the biggest issues that we’re facing is a lack of enforcement of the regulated market … most notably when retailers aren’t paying their invoices on time,” Carbone said.
Carbone said that while farmers wanted to be flexible through 2023 – particularly after a court order forced the state to freeze retail licensing from August until November, leaving just 23 shops open – the problem is going to have to be addressed soon.
“For a while, nobody wanted to even report that to the OCM, and with so few retailers, nobody wanted to be the one who stopped distribution to any retailer. Everyone was trying to be understanding,” she said. “Now, it’s gotten to the point where people don’t have a choice but to start reporting delinquent payments, and unfortunately that seems…
