Legal Debt Collection on a contingency fee.
Legal escalation on a complete contingency basis.
Collection Efforts.
The first step is sending your claims to our team of expert debt collectors. These professionals employ proven strategies to recover outstanding debts, utilizing their industry-specific knowledge and our deep data set to maximize success. However, we understand that some cases may require legal intervention beyond traditional collection efforts.
Escalating to Legal.
When standard collection methods prove ineffective, Legal Collects can seamlessly transition an open claim to the legal phase. We boast a nationwide network of attorneys, each well-versed in the unique cannabis collection laws of their respective states. This guarantees that the lawyer handling your case is knowledgeable about the nuances of both debt collection and the cannabis industry.
Paying Legal Fees.
Once your collector recommends escalating to legal and you approve legal action on the file, you will only have to pay the pass-through court costs to file the suit. After that, you will only pay a flat contingency fee out of the money our associate legal counsel has collected, instead of having to pay hourly rates. No collection. No Fee. Period.
Have more questions about how to escalate to legal? Schedule a call today!
Optimizing Debt Collection in the Cannabis Industry: Legal Collects Offers Cost-Effective Legal Solutions
Navigating the cannabis industry can be a complex and challenging task, given its federal illegality and the unique set of regulations imposed by each state. This complexity extends to financial matters, especially when it comes to collecting debts. At Legal Collects, we recognize the intricacies of the cannabis industry and offer a comprehensive legal network to address debt collection challenges.
What sets Legal Collects apart is our commitment to providing a financially feasible solution. Instead of burdening clients with costly hourly legal fees, we operate on a contingency fee basis. This means that you only pay if we successfully collect the money owed to you. Our approach is a holistic one, addressing debt collection challenges first through our expert team of collectors and seamlessly escalating to our state-by-state legal network if necessary.
Choosing Legal Collects means selecting a partner with a deep understanding of the cannabis industry, a commitment to effective debt recovery, and a cost-effective legal solution. We stand as a beacon of support for businesses navigating the complexities of debt collection in the ever-evolving landscape of the cannabis market.
Find the resources you need to collect your money.
READ OUR BLOG —
Learn best practices for credit and collections in the Legal industry by reading our blog.
FAQs? —
Do you have questions about how we operate? Read our most frequently asked questions.
TESTIMONIALS —
Read what our clients have to say about our services for collecting their money and settling debts.
FAQs about our Cannabis Legal Network
Where can Legal Collects escalate to legal action in the US to collect past-due invoices?
Legal Collects boasts the capability to escalate to legal proceedings in every legal cannabis state across the United States. Our extensive network of cannabis lawyers ensures that we can effectively proceed with litigation to recover your outstanding debts, regardless of the state where the cannabis debtor company resides.
How does CannaBIZ Collects ensure effective legal representation in cannabis-related debt collection cases?
We have strategically developed a network of experienced cannabis lawyers who specialize in debt collection within the cannabis industry. Each lawyer in our network possesses a deep understanding of the unique legal nuances surrounding cannabis laws in their respective states. This expertise allows us to provide tailored legal representation to effectively pursue debt collection on your behalf.
What costs are involved when escalating to legal action with Legal Collects?
When you approve legal action on your file and our team recommends escalation, you will only be responsible for covering the pass-through court costs required to file the lawsuit. Following this, our fee structure operates on a contingency basis. You will only pay a flat contingency fee out of the funds successfully collected by our associate legal counsel. This means no upfront hourly rates – it’s a “No collection. No Fee. Period.” policy.
What happens if standard cannabis debt collection methods are ineffective?
If our debt collection efforts fail, we transition to our legal phase, utilizing our expertise in the cannabis industry and our extensive nation-wide legal network to escalate and sue the debtor.
What is Legal Collect's success rate?
Legal Collects typically is yielding around a 80%+ success rate depending on the quality of the claim. Since we have worked thousands of cannabis related claims, we know quickly if we are willing to take on a specific claim or not. This not only helps save us time and effort but also our client to make the best next decision as soon as possible. Our database and experience helps to ensure the highest success rate in the industry for cannabis related collections.
Benefits of a Commercial Cannabis Debt Collection Agency
Legal Collects is the first and leading collection agency focused solely within the cannabis industry. This creates a major advantage in regards to our understanding, database and connections in the industry to yield a quicker and higher success rate than other agencies. Our agency understands how to speak the lingo specific to the cannabis industry while also being well connected to the good and bad actors in the space. More so we are able to provide our clients with various referrals and networking opportunities based on their needs since Legal Collects is heavily tied into the cannabis industry.
Who are examples of Legal Collects clients?
Legal Collects represent a wide range of different clients that are doing business in the cannabis and cbd industry. These range from any of the growers, producers, or distributors selling directly to dispensaries and retailers. Our firm also represents many ancillary cannabis companies including marketing agencies, staffing, grow supply, lighting, law firms, etc that are owed money from various cannabis and cbd clients.
What happens if Legal Collects can’t collect my money?
If Legal Collects can’t collect there is zero risk to our client. Since we are solely a contingency only agency, if we cannot collect, our clients don’t pay. Period. In other words we take on all the risk to collect on an account and if we are unsuccessful the client can decide to take back the claim to write it off or has the option to escalate the matter to legal. We work with associated attorneys from across the country to litigate claims on behalf of our clients if we are unsuccessful with our collection efforts.
What are the steps involved in debt collection with Legal Collects?
Initially, our expert debt collectors strategize to recover debts. If needed, we seamlessly escalate to legal action, all while keeping clients informed and involved.
How does Legal Collects ensure cost-effective debt recovery when suing and using cannabis attorneys?
By operating on a contingency fee basis, clients only pay if we successfully collect the money owed to them, eliminating the burden of costly hourly legal fees.
What sets Legal Collects apart from other debt collection agencies?
Our holistic approach, combining expert debt collectors with a state-by-state legal network, ensures effective debt recovery tailored to the cannabis industry’s complexities.
How does Legal Collects support businesses in the cannabis market?
We stand as a beacon of support for businesses navigating the complexities of debt collection, offering tailored solutions and expert guidance in the ever-evolving landscape of the cannabis industry.
Is legal action the final step in the debt collection process with Legal Collects?
While legal action may be necessary in some cases, it is not always the final step in our debt collection process. Our approach is holistic, aiming to resolve debt collection challenges efficiently and effectively. Following legal escalation, if required, we continue to pursue all available avenues for debt recovery, ensuring the best possible outcome for our clients.