What happens when a cannabis business can’t pay its debts?

How do you measure success in an industry where operators need to evaluate their business plans based on regulatory trends, tax limitations, and (sometimes illegal) competition?What should cannabis companies do when the money runs out—and federal bankruptcy isn't an option? John Fraser, Michigan team leader of Dykema’s cannabis group, is joined by Terry Mendez, CEO of Safe Harbor Financial, to break down how cannabis businesses and their creditors are navigating financial distress.Listen as they cover the economic pressures pushing companies toward insolvency, from 280E to slim margins, and unpack alternatives like receiverships and assignments for the benefit of creditors, as well as the early warning signs of trouble and the practical steps companies can take before legal proceedings begin. To hear more episodes, be sure to subscribe to Dykema’s YouTube channel, the Cannabis Law Blog, or by searching “A Higher Law” wherever you get your podcasts.Find more on John here.Find more on Terry and Safe Harbor Financial here.To hear more episodes, visit DykemaPodcasts.com, our YouTube page, or search “A Higher Law” wherever you get your podcasts.Subscribe to Dykema’s Cannabis Law BlogLearn more about Dykema’s cannabis groupFollow Dykema on LinkedIn