To get the best outcome in a cannabis receivership, here’s how to structure the process and plan for worst-case scenarios.

The cannabis industry is booming. But with every boom comes an inevitable bust. There are thousands of dispensaries across the country in legal medical and adult-use markets, and they’re supported by myriad businesses in the supply chain and ancillary service providers—cultivation facilities, processors, manufacturers, distributors, security entities, point-of-sale software tech, real estate, accounting ……

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Core Benefits of Cannabis Receivership: Transparency and Accountability

With cannabis still listed as a Schedule I controlled substance at the federal level, the ability for cannabis businesses to file for bankruptcy protection remains off the table. However, receivership is a viable option that offers many benefits for an enterprise in distress. In cannabis receivership conducted through the courts, debts can be resolved,…

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What is Cannabis Receivership? Here’s Everything You Need to Know.

Investing in a business is an inherently risky endeavor. Depending on the industry and type of investment, the chances that something might go wrong could be much higher than one expects. Poor decision making, market fluctuations, a substandard product or running out of money are just a few reasons why…

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