When a cannabis business gets into large financial issues that require litigation, the court can appoint a receiver to manage the business or wind it down.
Receivership is currently the only option available for cannabis businesses that are struggling with high debt because cannabis businesses cannot file for bankruptcy protection.
In this episode, we will detail:
- The Role of a Receiver
- Neutrality of a Receiver
- Powers of a Court-Appointed Receiver
If your cannabis business is struggling with debt or potential fraud, then please reach out to us at: https://greengrowthcpas.com/get-started/ or call 800-674-9050.