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MA H180
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Priscila Sousa
Click for details
AI Summary
- Cannabis licensees are prohibited from extending credit for marijuana or marijuana products for more than 60 days from delivery date
- Licensees who fail to pay within 60 days are deemed delinquent; creditors must notify the Cannabis Control Commission within 3 days, which then posts the delinquent licensee's name and address on a public website list within 5 days
- Delinquent licensees may only purchase marijuana products with cash payment on or before delivery, and cannot have ownership changes approved until debts are satisfied
- Licensees seriously damaged by riot, fire, explosion, or act of God may apply to the commission for temporary suspension of the 60-day credit requirement
- Violations are punishable by fines up to $5,000, and the commission must promulgate implementing regulations within 90 days
Legislative Description
Regularizing accounts receivable in the cannabis industry
Last Action
Accompanied a new draft, see H4534
9/25/2025
Committee Referrals
Cannabis Policy2/27/2025
Full Bill Text
No bill text available