Video: Receivership as a solution for struggling cannabis businesses

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Receivership can be a good option for distressed cannabis companies, helping to mitigate some of the challenges impacting their business. But, it remains a little-understood process that many still have questions about.

Jacques Santucci, president of Opus Consulting, recently sat down with CohnReznick’s Mohamed Ghattas to shed light on the receivership process and how it works, including:

  • How does receivership work specifically for cannabis licensees?
  • What challenges exist for cannabis receivership across states?
  • What does receivership success look like?
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Cannabis Quarterly Insights, Q3 2023: Business Strategies and Trends

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Any advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues. Nor is it sufficient to avoid tax-related penalties. This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice specific to, among other things, your individual facts, circumstances and jurisdiction. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.