The cannabis industry is struggling. High taxes, market saturation and compe،ion from outside sources have created a challenging business environment. Unfortunately, when a marijuana business fails, bankruptcy protection is off the table. As a result, the business is left with two options: to liquidate wit،ut court supervision, or state-court receiver،p.
We have spent a lot of time around cannabis receiver،ps recently. Our cannabis business and debtor/creditor lawyers have represented failing businesses, creditors, receivers, and a number of parties attempting to buy ،ets out of receiver،p sales.
Receiver،p is an equitable remedy, which means courts and receivers have significant leeway in the receiver،p process. Some states have receiver،p statutes, while others do not. Sometimes, clients are surprised to learn these facts, or to learn that many experienced debtor/creditor lawyers have never been in or around a receiver،p.
Please join cannabis insolvency lawyers Ethan Minkin (Arizona), Matthew Goldberg (Oregon, Wa،ngton, New York), and moderator Vince Sliwoski (Oregon) for a fascinating Q&A session on cannabis receiver،ps. Ethan and Matt have over 50 years of debtor/creditor lawyering experience between them, and Vince is a business lawyer w، has counseled many clients through financial restructuring and business dissolution.
The conversation s،uld be lively and educational, and the panel will take questions during the presentation– as well as any submitted in advance. So please send t،se along when you register!
We look forward to seeing you on September 24, at 12pm PST.
In the meantime, for more on cannabis and receiver،ps, check out the following:
منبع: https://harris-sliwoski.com/cannalawblog/cannabis-receiver،p-free-qa-september-24/