FundCanna today launched ReadyPaid, a fully-operational and automated Buy Now, Pay Later (BNPL) platform tailored exclusively for business in the cannabis sector. According to the company, its the first of its kind in the 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 struggle with limited banking access and rising capital costs, ReadyPaid offers a non-dilutive, tech-forward solution that improves cash flow without adding operational friction. The system delivers credit decisions in under four minutes through automated compliance and background checks.
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, according to the company.
"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 of FundCanna. "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."
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.
How ReadyPaid Works
- Approvals: Real-time automated approval process, takes minutes.
- For Sellers: Immediate payment at the point of sale, with no recourse if buyers default.
- For Buyers: Standard Net 30 terms at no cost, plus optional six-month installment plans.
- Seamless Integration: Directly connects with e-commerce platforms and shopping carts, enabling transactions to leverage ReadyPaid at checkout.
- Stand Alone Web Application: Allows sellers that do not have integrated e-commerce and online shopping carts to offer ReadyPaid to their clients.
"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."
Since 2022, FundCanna has funded more than $200 million to some 3,400 cannabis client files, with clients averaging 74% revenue growth post-funding.
