CALL NOW FOR FREE CONSULTATION: (123) 456 789

How can a cannabis collection agency help your business?

At Legal Collects, we pride ourselves on being the first and leading cannabis debt collection agency, dedicated to helping businesses in the cannabis industry recover outstanding debts while navigating the unique legal and regulatory challenges of this rapidly evolving field. Our Frequently Asked Questions (FAQs) section is a valuable resource for clients and potential partners, providing insight into our comprehensive debt recovery solutions and compliance expertise. Whether you’re curious about the debt collection process specific to the cannabis industry or seeking answers to common queries about our agency’s capabilities, our FAQs section is designed to offer clarity and transparency.

DEBT COLLECTION

Why choose a cannabis collection agency over a law firm or attorney?

L
K

A cannabis specialized collection agency is the top choice over retaining an hourly law firm or attorney. Since Legal Collects is purely a contingent agency you bear zero risk if your debtor either decides not to pay or does not have the funds to pay. Attorneys will bill you regardless of a successful outcome which can result in high legal fees without a successful result. Moreso, many business attorneys and law firms do not specialze in collections and are not the optimal bill collectors. Legal Collects is comprised with a commercial collection law background, but with the power, persistency and dominance as the leading collection agency in the cannabis and cbd industry.

Who is the best debt collection agency for cannabis companies?

L
K

Legal Collects is the best debt collection agency for cannabis companies. Founded with more than 35 years of collection industry experience and along side former cannabis operators. Legal Collects is uniquely equipped to handle every cannabis related accounts receivable issue throughout USA and Canada, both adult-use and medical.

Why choose Legal Collects to collect on behalf of your cannabis business?

L
K

Legal Collects is uniquely positioned to be the leader in cannnabis and cbd related collection matters for 2 reasons. #1: 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. #2: All claims received by Legal Collects is managed by Ross Gelfand, who has over years of commercial collection and collection law experience. Ross previously represented fortune 500 accounts such as Capital One and Honda, managing over 150 collectors and a full legal team.

Why choose Legal Collects for cannabis accounts receivable services?

L
K

Legal Collects understands how to successfully manage first party receivables while also understanding the importance of reputation and superb customer service in the cannabis industry. Legal Collects offers multiple options including hourly or contingency to handle first party receivables prior to the accounts needing to be sent to collections. With our large database of cannabis clients and database, we can utilize our own resources and network to ensure we do everything possible to get your accounts to pay prior to needing collection efforts.

What is Legal Collect's success rate?

L
K

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

L
K

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?

L
K

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?

L
K

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.

LEGAL NETWORK

What is 'Legal Collects' legal network, and how does it work?

L
K

Legal Collects has a specialized nation-wide legal network that consists of experienced attorneys and legal experts with in-depth knowledge of the cannabis industry. If our collectors are unable to recover your unpaid invoice, we can recommend escalating the claim to legal action.

When should I consider involving 'Legal Collects' legal network for my unpaid invoice?

L
K

If our collection efforts are unsuccessful and the debtor remains uncooperative, it may be advisable to involve our legal network. They can assess the situation and provide guidance on the best course of action.

How does the contingency fee arrangement with your legal network work?

L
K

Our legal network works on a contingency fee basis, which means they only charge a fee if they successfully recover the debt. This fee is a percentage of the amount collected. Please contact us to learn more about our rates and processes.

Is involving your legal network the final step in the debt collection process?

L
K

While legal action is an option, it is not the final step. Our goal is always to recover the debt as efficiently as possible. Legal action is pursued when other collection methods have been exhausted.

Can I choose my own attorney, or do I have to use 'Legal Collects' legal network?

L
K

While you have the option to choose your attorney, working with our legal network ensures that you have access to professionals with expertise in cannabis debt recovery, which can be a significant advantage. By using our services, you will not have to pay an hourly fee and will only pay a contingency fee on the amount that is collected.

What is the success rate of recovering unpaid invoices through legal action with 'Legal Collects' legal network?

L
K

The success rate can vary depending on the circumstances of each case. Our legal experts will assess the viability of legal action and provide you with an honest assessment of the chances of recovery.

Do I need to provide any specific documentation or evidence to involve Legal Collects' legal network in my case?

L
K

Yes, providing all relevant documentation, including the unpaid invoice, communication records, and any relevant contracts, can help our legal network assess the strength of your case and proceed more effectively. These documents will first be used by our team of debt collectors and then sent to our legal network when suing.