LeafLink recently announced Payment on Sell Through (PoST), a payment option for cannabis wholesale that guarantees payments to brands as retailers pay for what they sell. In July, LeafLink acquired Dama Financial to offer customers access to a reliable, secure, and compliant banking solution.
By using PoST, payment is guaranteed to the brand (the supplier), which receives automated weekly payments based on the prior week's sell-through by the retailer. This new model will help alleviate delinquent payments to brands, free up needed capital for retailers, and provide data insights to help both make better business decisions and help build a more profitable cannabis industry.
LeafLink CEO, Artie Minson said: "We're seeing an average of 100,000 orders happen on LeafLink monthly. The need for solutions that address delinquent payments is as critical as ever."
PoST is currently available in Michigan, Mississippi, and Colorado with plans to expand the offering to additional states this year and next. Customers interested in using PoST should contact their account representative for more information.
Currently, brands have been setting payment terms and are responsible for tracking down their owed receivables. On the other hand, retailers need to front large sums of cash to stock their shelves by buying in bulk, oftentimes with little data backing those decisions. They are then stuck with large accounts payable, disconnected from their actual cash flow and performance of the SKUs they're stocking. PoST aims to solve this with an effective payment model that mirrors other consumer packaged goods, while also offering a host of additional benefits.
For more information:
Leaflink 
www.leaflink.com