Cash flow disruptions have plagued the cannabis industry since legalization began, creating a $4 billion receivables crisis that traditional finance has largely ignored. ReadyPaid emerges as the industry’s first fully automated Buy Now, Pay Later platform designed exclusively for business-to-business cannabis transactions, promising to rewire how plant-touching and ancillary businesses manage their financial operations.
ReadyPaid tackles cannabis industry’s $4 billion receivables crisis with the first automated B2B Buy Now, Pay Later platform.
The platform functions like a modernized factoring system, delivering credit decisions in under four minutes through embedded technology and automated compliance checks. This speed addresses a critical pain point in the $35 billion legal cannabis market, where traditional banking access remains limited and capital costs run exceptionally high. The system integrates directly with seller websites, shopping carts, and point-of-sale systems, eliminating adoption barriers that typically slow fintech penetration.
ReadyPaid’s mechanics are straightforward yet transformative for cannabis operators. Sellers receive instant payment at checkout, completely removing collection delays that can stretch for months. Buyers automatically qualify for Net30 payment terms at no cost, with options to extend payment periods up to six additional months through the “Net30 Flex” feature. This structure aligns payment cycles with cannabis business revenue flows, which often operate on seasonal or harvest-dependent schedules.
The platform tackles regulatory complexity head-on by building compliance directly into its technology stack. Cannabis businesses operate within a labyrinth of state and local regulations that change frequently, making automated compliance checks essential for scaling operations. ReadyPaid’s system performs these background checks within minutes, securing transactions while maintaining the speed that modern B2B commerce demands.
Market data validates the platform’s potential impact on cannabis finance. FundCanna, ReadyPaid’s parent company, has already funded over $200 million across 3,400+ cannabis client files since 2022. Their clients report an average revenue increase of 74% post-funding, demonstrating how improved cash flow management translates directly into business expansion.
The broader implications extend beyond individual transactions. ReadyPaid creates nondilutive financing that prevents equity dilution, allowing cannabis operators to scale without surrendering ownership stakes. This approach empowers businesses to compete more effectively against mainstream industries that enjoy full banking access and traditional credit facilities. The platform provides essential financial infrastructure that previously required complex third-party integrations or manual processing.
For an industry that has operated largely on cash transactions and informal credit arrangements, ReadyPaid represents a significant technological leap forward. The platform reduces operational friction by automating standard B2B workflows while providing instant liquidity for sellers and removing cash flow bottlenecks for buyers.
As cannabis markets mature and consolidate, automated BNPL solutions may prove essential for businesses seeking sustainable growth trajectories.
