CannaBIZ Collects

What CannaBIZ Collects does

CannaBIZ Collects (legal entity CBC Financial LLC) is a contingency-based debt collection agency exclusively serving the cannabis industry. Founded in 2015 and headquartered in St. Petersburg, Florida, the firm operates as the first dedicated cannabis collections agency in the United States, targeting cultivators, producers, dispensaries, retailers, and ancillary cannabis businesses that face unpaid invoices in a sector constrained by federal prohibition and limited banking access. Its customer base spans 1,500+ cannabis businesses across all legal cannabis states in the US and Canada, with named enterprise clients including Cresco Labs, Leafly, Jeeter, NUG, Bell Rock Brands, Nabis, and Papa & Barkley.

The company's core technology stack is intentionally lean: a JotForm-integrated Single Claim Submission Portal for 1-5 debtor submissions, an Excel-based Bulk Claim Submission Portal for 5+ debtors with a $1,000 minimum claim threshold, a Calendly-scheduled consultation flow, and a free Cannabis Demand Letter Generator that produces formatted demand letters in under two minutes. A Nationwide Cannabis Legal Network of cannabis-experienced attorneys enables legal escalation on contingency, and a proprietary Cannabis Industry Database supports targeted collection strategies. The firm operates a sister company, Cannabiz Credit Association (CCA), which provides cannabis credit scoring and reporting.

CannaBIZ Collects monetizes exclusively on contingency: it charges 20-50% of recovered debt with no upfront fees to clients (pass-through court filing costs are the only exception for legal escalation), aligning agency incentives with client recovery outcomes. Revenue is supplemented by referral fees paid to industry participants and optional hybrid hourly/contingency pricing for first-party receivables management. The GTM motion is sales-led and inside-sales driven, supplemented by content marketing (educational blog covering cannabis A/R topics), SEO-optimized state landing pages, a free demand-letter tool for top-of-funnel lead capture, and a referral partner program, with typical claim resolution within 30-45 days at an 80%+ success rate.

Name

CannaBIZ Collects

Legal name

CBC Financial LLC

Website

https://cannabizcollects.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

CannaBIZ Collects is a contingency-based debt collection agency exclusively serving the cannabis industry, recovering unpaid invoices for cultivators, dispensaries, and ancillary businesses across all legal cannabis states in the US and Canada.

Ownership category

akta.pro rank

Product category

Cannabis Debt Collection Services

NAICS

Collection Agencies (56144)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Legal Collections & Litigation Support (Judgments, Garnishments) (FSAKAJAD)

akta.pro secondary industry

Legal Collections Support (Pre-Lit, Litigation Admin, Judgment Recovery) (BPAAAEAH)

Keywords

• Cannabis debt collection
• Accounts receivable recovery
• Contingency collection agency
• First-party receivables management
• Cannabis credit reporting

Headquarters

HQ city

St. Petersburg

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Contingency-Based Debt Collection Fees: Primary revenue stream. CannaBIZ Collects charges contingency fees only when debt is successfully collected. No upfront costs to clients. Fee structure is a percentage of the recovered debt, typically ranging from 20% to 50% depending on debt age and difficulty.
2. Legal Contingency Fees: When cases escalate to legal action through the nationwide attorney network, clients pay only pass-through court filing costs upfront. A flat contingency fee is charged only on successfully collected funds. No hourly billing.
3. Referral Fees: Referral program compensates industry participants who refer new clients to CannaBIZ Collects. Referrers receive payment for each qualifying client that works with the agency, up to 3 claims per referral.
4. First-Party Receivables Services: Optional hourly or contingency-based services for cannabis businesses to manage first-party receivables prior to external collection efforts.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

CannaBIZ Collects is a contingency-based accounts receivable and debt collection agency focused exclusively on the legal cannabis industry. It recovers unpaid invoices and delinquent B2B receivables for cannabis cultivators, producers, distributors, dispensaries, and ancillary businesses operating across all legal cannabis states in the US and Canada. Services are delivered on a "No Collection. No Fee" basis, with optional first-party receivables management, debt settlement, and legal escalation through a nationwide cannabis-specialized attorney network.

Product overview

CannaBIZ Collects is a specialized cannabis debt collection agency offering a comprehensive suite of services centered around recovering unpaid debts for cannabis businesses. The core offering is contingency-based debt collection, supported by first-party A/R management, debt settlement, and a legal network for escalated matters. The company operates sister company CannaBIZ Credit Association for credit reporting services. A free Cannabis Demand Letter Generator tool is available for businesses to send demand letters before engaging collection services. The product portfolio includes dedicated online portals for single and bulk claim submissions, and a referral program for industry partners. All services operate on a 'No Collection. No Fee. Period.' contingency basis.

Differentiator

Problem solved

Functional benefit

Products and services

• Cannabis Debt Collection Services Contingency-based debt collection for cannabis businesses, recovering unpaid invoices and delinquent accounts receivable across all legal cannabis states in the US and Canada. Claims must meet minimum thresholds ($1,000 per debtor for bulk submissions); clients pay nothing if no recovery is achieved.
• First-Party A/R Management Optional first-party accounts receivable management service for cannabis companies that need help managing aging receivables internally before escalating to third-party collection. Offered on either hourly or contingency fee terms.
• Debt Settlement Debt settlement and negotiation service that helps cannabis businesses resolve outstanding debts, typically settling within 30-45 days by working out payment terms with debtors.
• Legal Escalation Network Escalation service that routes unresponsive cannabis debtors through a nationwide network of cannabis-experienced attorneys for legal action. Operates on contingency—clients pay only pass-through court filing costs upfront and a flat contingency fee on successfully collected funds, with no hourly legal billing.

Quantifiable outcome

• 80%+ success rate on cannabis debt collection claims depending on claim quality
• +4 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Cannabiz Credit Association (CCA)coreStrategic or Co-development PartnerSister company operating as the primary member-based organization for cannabis credit scores and advocacy for better business practices and credit standards. CannaBIZ Collects refers clients seeking credit management and reporting services to CCA, creating a complementary financial services ecosystem for cannabis businesses.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Canix: Cannabis cultivation and manufacturing software platform serving licensed operators. Notably a customer of CannaBIZ Collects, demonstrating direct overlap in the cannabis cultivator customer segment where Canix provides upstream financial visibility and CannaBIZ handles downstream receivables recovery.
• LeafLink: Leading B2B wholesale marketplace and operating system for the cannabis industry, serving dispensaries and brands nationwide. Serves the same cannabis operator customer base as CannaBIZ and represents a parallel cannabis-specific fintech ecosystem player.
• Treez: Cannabis point-of-sale and retail management platform serving dispensaries nationwide. Comparable to CannaBIZ in its cannabis-only vertical focus and serves overlapping retailer customer segments where CannaBIZ handles B2B receivables.
• Akerna (now GTII / MJ Holdings): Cannabis enterprise resource planning, seed-to-sale compliance, and supply chain software provider. Operates in adjacent cannabis-tech verticals serving the same multi-state operator customers as CannaBIZ Collects.

Broad incumbents

• EOS Group: One of the world's largest debt collection services groups, operating across 24+ countries. While serving all industries rather than specializing in cannabis, EOS is the most directly analogous contingency-based collections platform and a likely future entrant if cannabis debt markets mature and normalize.
• ICM Group: Large US third-party debt collection agency with multi-industry reach including healthcare, financial services, and commercial B2B. Directly comparable to CannaBIZ's core debt-collection offering and represents the type of generalist that could expand into cannabis.
• Encore Capital Group: Largest US debt buyer with operations spanning consumer and commercial receivables. Comparable to CannaBIZ in its contingency-based recovery model and would be a natural acquirer or competitor in the cannabis vertical if regulatory headwinds ease.
• MRS BPO: Mid-market US debt collection and BPO services provider with contingency and contingency-plus models comparable to CannaBIZ. Smaller and more specialized than PRA or Encore, making it the closest size-analogue among generalist incumbents.
• PRA Group: Major US-based debt purchasing and contingency collections firm with $1B+ in annual cash collections. Shares the contingency-fee business model with CannaBIZ Collects and represents the type of well-capitalized institutional competitor that could enter cannabis collections upon federal reform.
• Transworld Systems: US-focused debt collection and business process outsourcing firm with a contingency fee model and credit reporting capabilities. Operates a parallel services stack to CannaBIZ Collects' debt collection plus CannaBIZ Credit Association sister company.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cannabizcollect
• Facebookfacebook.com/cannabizcollects
• LinkedInlinkedin.com/company/cannabiz-collects

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CannaBIZ Collects