H 4534
An Act regularizing accounts receivable in the cannabis industry
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Bill overview
This bill addresses accounts receivable practices within the Massachusetts cannabis industry. It establishes rules regarding credit extensions to licensees, creates a system for delinquent notices and a public list of delinquent businesses, and restricts sales to delinquent licensees until debts are paid. The bill also outlines procedures for suspending credit extensions and prohibits ownership changes for delinquent businesses until debts are cleared, with limited exceptions.
Key provisions
- Establishes a 60-day limit on credit extensions by cannabis licensees.
- Creates a system for posting delinquent licensees on a public list.
- Requires full payment before delivery of cannabis products to delinquent licensees.
- Allows licensees facing significant damage (e.g., riot) to request a temporary suspension of credit extension rules.
- Prohibits changes in ownership or control for licensees on the delinquent list until all debts are paid, except for court-appointed receivers.
- Sets a fine of up to $5,000 for violations of the bill's provisions.
- Requires the Cannabis Control Commission to develop regulations to implement the bill.
- Specifies acceptable payment methods for resolving debts.
Who is affected
- Marijuana Establishments (Licensees)
- Cannabis Control Commission
- Creditors of Marijuana Establishments
- Consumers of Cannabis Products
- The Cannabis Industry as a whole
Notable changes
Sponsors
Official sponsors from legislative records.
Primary sponsor
Joint Committee on Cannabis Policy
Cosponsors
Aaron L. Saunders
Priscila S. Sousa
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Bill H.4534 194th (Current)
An Act regularizing accounts receivable in the cannabis industry
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Bill Information
Bill Information
Sponsor: Joint Committee on Cannabis Policy Status: Referred to House Committee on Ways and Means
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Bill History Cosponsors Committee Vote
Bill History
Displaying 3 actions for Bill H.4534
| Date | Branch | Action |
| 9/25/2025 | House | Reported from the committee on Cannabis Policy |
| 9/25/2025 | House | New draft of H180 |
| 9/25/2025 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
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