Seven ways to see a debt crisis

No one denies that the California cannabiz faces a debt crisis. As insiders described recently to Green Market Report, years of unpaid bills and taxes are building to a “mass extinction event,” for the state industry.

Making the problem worse, distributors offer credit (“terms”) to retailers, which need to be extended when the retailers don't pay. If distrus don’t get paid they can’t pay brands and growers, some of whom provided them with product on credit.