Cannabis Vendor COD Payments, Verification & Distru Reconciliation
This SOP provides standardized procedures for handling cannabis vendor payments at Red Run Cannabis retail locations. Cannabis product purchases are cash-on-delivery (COD) — payment is made when the product is received.
These payments are made from Bag #5 — COGS (Vendors) and must be properly documented, verified against invoices, and reconciled in both QuickBooks and Distru.
| Document | From | Retain | Upload |
|---|---|---|---|
| Cannabis Manifest | Vendor | Physical + Scan | CannaOps |
| Vendor Invoice | Vendor | Physical + Scan | Photo-to-Bill |
| Payment Receipt | Vendor signs | Physical + Scan | Photo-to-Bill |
| COA (Certificate of Analysis) | Vendor | Digital | Distru |
All vendor deliveries must be reconciled in Distru within 24 hours of receipt:
| Rule | Details |
|---|---|
| Purpose | Cannabis vendor COGS payments ONLY |
| Target Balance | Variable — based on expected deliveries |
| Funding Source | Remainder after Bags 1-4 are funded |
| Never Use For | Rent, utilities, overhead, non-cannabis vendors |
If Bag #5 is insufficient for a scheduled delivery, escalate to Tim Clark at least 24 hours before the delivery date.
Complete the quiz to verify your understanding of SOP-209.