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The hashish trade is struggling. Excessive taxes, market saturation and competitors from exterior sources have created a difficult enterprise surroundings. Sadly, when a marijuana enterprise fails, chapter safety is off the desk. Consequently, the enterprise is left with two choices: to liquidate with out courtroom supervision, or state-court receivership.
We’ve spent a variety of time round hashish receiverships lately. Our hashish enterprise and debtor/creditor legal professionals have represented failing companies, collectors, receivers, and a lot of events trying to purchase belongings out of receivership gross sales.
Receivership is an equitable treatment, which suggests courts and receivers have vital leeway within the receivership course of. Some states have receivership statutes, whereas others don’t. Typically, shoppers are shocked to study these info, or to study that many skilled debtor/creditor legal professionals have by no means been in or round a receivership.
Please be part of hashish insolvency legal professionals Ethan Minkin (Arizona), Matthew Goldberg (Oregon, Washington, New York), and moderator Vince Sliwoski (Oregon) for an enchanting Q&A session on hashish receiverships. Ethan and Matt have over 50 years of debtor/creditor lawyering expertise between them, and Vince is a enterprise lawyer who has endorsed many consumers by monetary restructuring and enterprise dissolution.
The dialog needs to be vigorous and academic, and the panel will take questions throughout the presentation– in addition to any submitted prematurely. So please ship these alongside once you register!
We look ahead to seeing you on September 24, at 12pm PST.
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NOTE: We’ve determined to additionally stream this Q&A reside on LinkedIn and our Fb pages.
Till then, for extra on hashish and receiverships, take a look at the next: