Limiting the Scope of a Receivership Can Lower Your Costs

Until cannabis is legalized at the federal level, the inability to declare bankruptcy means that a cannabis receivership will remain the best option for distressed cannabis businesses to find relief, return to solvency, or distribute assets to creditors or debtors. But a receivership can be very expensive. The need for analysis and assistance from third-party experts, lawyers and engagement with the courts comes at great cost for distressed businesses.