SAN DIEGO – FundCanna launched ReadyPaid, which the company believes is the first fully operational and automated Buy Now, Pay Later (BNPL) platform tailored exclusively for business in the cannabis sector. The platform addresses more than $4 billion in delinquent receivables across the $35 billion legal market, giving sellers
instant payment and buyers flexible terms that match their revenue cycles.
As cannabis companies continue to struggle with limited banking access and rising capital costs, ReadyPaid offers a non-dilutive, tech-forward solution. The system delivers credit decisions in under four minutes through automated compliance and background checks.
“We built ReadyPaid to do one thing better than anyone else: fix the broken payment cycle holding back the cannabis industry,” said Adam Stettner, CEO. “It’s clear cannabis isn’t
just facing a banking problem: it’s facing a liquidity crisis. ReadyPaid gives both sides of a transaction exactly what they need: sellers get paid instantly, and buyers get the time they need to pay on terms that match their revenue cycle.”
Functioning as a modernized version of factoring, a financing tool long used in industries like agriculture, manufacturing and retail, the system helps stabilize cash flow and reduce payment
risk. By embedding this model into cannabis, ReadyPaid gives operators the financial infrastructure to close cash-flow gaps, scale operations, and compete on equal footing with businesses in more established markets.
“The cannabis industry’s unpaid receivables are an existential risk,” said Beau Whitney, Chief Economist at Whitney Economics. “When nearly 20% of revenue is tied up in overdue payments, operators
lose the ability to plan, invest, or even survive. A solution like ReadyPaid makes planning more predictable and allows for improved cash flow management. Better predictability and cash management will help businesses throughout the value chain, both in the
short run and in the long run.”
ReadyPaid is live in all legal cannabis markets and is already being used by operators from MSOs to single state operators across the entire supply chain.
Since 2022, FundCanna has funded over $200 million to more than 3,400 cannabis client files.
About FundCanna
The funding products FundCanna offers are customizable, flexible, renewable and reliable. The financing offered
is designed exclusively for cannabis operations and the ancillary companies that support the industry.
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