Cannabis companies cannot file federal bankruptcy, so the standard creditor playbook fails at step one. Here is how a Massachusetts state-court receivership fills the gap, what it cannot do, and what creditors should do before the collateral loses value.

Under 935 CMR 500.103, a Massachusetts cannabis license voids automatically after 60 days of closure — and it arrives faster than any workout does. Here's what lenders and operators need to know before the clock runs out.

Choosing the wrong receiver in a cannabis matter is not a recoverable mistake. Here's what courts, creditors, and counsel should look for before the appointment is made.