Cannabis Industry Gets First Commercial Credit Rating Agency Built Specifically for Marijuana Businesses
- Reklaim Credit Solutions has launched the first commercial credit rating agency focused exclusively on the legal cannabis industry to help businesses better assess trade credit risks.
- The platform addresses gaps left by major credit bureaus by using a proprietary neural network model that aggregates financial, regulatory, and payment data specific to cannabis companies.
- Reklaim provides cannabis-specific credit scores, recommended credit limits, and detailed credit reports to improve payment accountability and reduce costly trade credit issues in the marijuana supply chain.
- Currently in beta, Reklaim is partnering with cannabis businesses across multiple states to refine its model and is seeking additional participants including multi-state operators and regional distributors.
A new company says it is bringing something the legal marijuana industry has long lacked: a commercial credit rating system built specifically for cannabis businesses. Reklaim Credit Solutions announced this week that it has officially launched as what it describes as the first commercial credit rating agency focused entirely on the legal cannabis industry. The company says its platform is designed to help distributors, manufacturers, cultivators and retailers better assess the risk of extending trade credit in a market where traditional credit tools have often fallen short.
According to Reklaim, major credit bureaus such as Dun & Bradstreet, Experian and Equifax have not been able to provide meaningful cannabis-specific business credit intelligence, in large part because of the industry’s ongoing conflict between state legality and federal prohibition. That has left many marijuana businesses extending credit without clear information on payment history, credit limits or overall financial reliability, contributing to late payments, write-offs and broader supply chain issues.
Reklaim says its system uses a proprietary neural network ensemble model built specifically for the cannabis sector. The platform aggregates accounts receivable data, incorporates state Secretary of State records and cannabis regulatory data, and applies predictive analytics created by specialists in credit risk, financial modeling and cannabis finance.
The company says this allows it to generate cannabis-specific commercial credit scores, recommended credit limits and full credit reports tailored to the realities of the legal marijuana market.
Kraig Fox, CEO and founder of Reklaim Credit Solutions, said the lack of payment accountability in the marijuana industry has become a major burden on businesses across the supply chain.
Operators, he said, are “sending inventory out on trade credit with zero visibility into who they’re extending credit to. No scores, no limits, no history.” Fox said that is part of “a broken system that costs this industry hundreds of millions of dollars every year.”
Fox said Reklaim was created to address that problem by bringing “a neural network-based solution designed specifically for this industry.” He added that “transparency before inventory leaves the building is no longer a luxury. It is a necessity.”
Reklaim says its platform differs from trade association payment reporting systems by focusing not just on documenting past payment behavior, but on helping businesses assess future risk before deciding whether to extend credit.
The company is currently operating in beta and says it is working with cannabis businesses in multiple states to import accounts receivable aging and payment history data. Reklaim says it is seeking additional beta partners, including multi-state operators, regional distributors and single-state businesses, as it continues refining the model.