Protecting Lenders & Creditors When Cannabis Borrowers Default
THE COST OF THE WRONG RECEIVER
What happens when a receiver doesn't understand cannabis?
● The license lapses during proceedings — total loss of asset value
● CCC enforcement action is triggered — receivership becomes a revocation
● Employees leave — institutional knowledge walks out the door
● Vendors cut off supply — operations collapse before a buyer can be found
● Creditors recover a fraction of what the license was worth
This is not hypothetical. In Massachusetts, it has happened. It is happening now. GBA exists to make sure it doesn't happen to your client.
how Grey birch associates protects the secured position
For lenders and creditors: your secured position is protected, the license stays active, and you recover maximum value — whether through a going-concern sale or structured asset disposition.
For attorneys: your client's stakeholders are paid, the CCC process is navigated without enforcement action, and the receivership closes cleanly.
For operators: your team is protected, your license is preserved, and the outcome — whatever it is — is the best one available given the circumstances.