As cannabis cultivators and product manufacturers struggle to collect payments for products sold at retail, more marijuana service providers are attempting to close that gap.
New York-based LeafLink, a software platform that connects cannabis retailers with brands, is launching a product designed to ensure cannabis producers receive automated weekly payments based on the previous week’s retail sales.
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The Payment on Sell Through (PoST) system is the third payment option offered on LeafLink’s platform, according to the company’s chief product officer, Matt Hutchinson, joining Direct Pay and FlexPay.
“LeafLink is guaranteeing the payments that happen through these transactions,” Hutchinson told MJBizDaily.
“If something happens along the way, we’re making sure the sellers and manufacturers are taken care of.”
PoST is available in Colorado, Michigan
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