An Act regularizing accounts receivable in the cannabis industry

This bill (H 4534) regulates credit practices between cannabis licensees in Massachusetts. It prohibits licensees from extending credit for cannabis products beyond 60 days and requires them to report delinquent accounts to the Cannabis Control Commission within 3 days. Licensees on the delinquent list cannot receive shipments unless paying in full upfront via certified funds or approved electronic methods, and the list must be updated within 24 hours of payment. The bill includes exceptions for disasters (requiring a hearing) and imposes a $5,000 fine for violations, while ensuring credit rights remain intact. It directly affects all cannabis retailers, medical facilities, and distributors licensed under Chapter 94G.