Live broadcast, with playback recording available without expiration
Just $149 for registration
Tuesday, September 23, 2025
1:00 pm ET, 10:00 am PT
As lending to cannabis operators enters the cannabis banking discussion, more institutions will confront distressed credits, defaults, and operational breakdowns where bankruptcy may be impractical or impossible. Receivership is a court-supervised tool that can stabilize an operator, safeguard collateral, and maintain licensing/compliance so assets retain value during transition or sale. For banks and credit unions, understanding when and how a receivership works is essential risk mitigation.
This session demystifies cannabis receiverships from a lender’s perspective. We’ll translate legal mechanics into plain English: what a receiver actually does, how operations and cash controls are managed, what happens to licenses and inventory, and how court orders protect stakeholders.
Attendees will leave with a clear, actionable framework to evaluate whether a receivership is appropriate and what to expect from day one through exit (sale, wind-down, or turnaround)
Key Takeaways:
When to Choose Receivership: Over workout, forbearance, UCC foreclosure, or ABC; typical triggers and red flags.
Petition & Order Mechanics: Drafting goals, scope of authority, bonding, and immediate control of bank accounts, POS, and inventory.
Maintaining Regulatory Compliance: License status during receivership, required notices to regulators, inspections, METRC/seed-to-sale continuity, and cash handling.
Sales of assets/businesses: Marketing, court approval, timelines, and buyer due diligence expectations.
Triggers: That indicate receivership may preserve value better than alternatives.
