Marijuana sales in Michigan hit record highs last year, with organizations profiting more than $221 million in the period of December 2022 alone as per a state report. Yet, as the developing industry keeps on evolving, a few organizations are starting to fall behind.
Last week, Skymint, one of the top marijuana producers in the state went into receivership in the wake of defaulting on a $127 million credit.
Receivership is an interaction where a court-selected official assumes control over a business to assist an organization with keeping away from liquidation.
“It’s just what happens sometimes in business. It’s a continuing evolution, It’s survivable. We have a case we have been working with that has gone into receivership and it is turning a corner and moving forward” said Attorney Michael Komorn of Komorn Law.
“There are a lot of roadblocks in the system such as banking, marketing, insurance, credit, landlords, etc. The fact that it is still a controlled substance is absurd. The state and feds are in control of both sides of the bridge. It will work itself out and the smart and strong will survive” Komorn stated.
Komorn Law specializes in cannabis business services as well as legal defense.
If you have been accused of a crime that’s a very serious situation.
Hire an attorney who takes that seriously!
CALL NOW – Komorn Law 248-357-2550
Cannabis Regulatory Agency Report Links
Adult-Use Marijuana Licensing Reports
Medical Marijuana Licensing Reports
Monthly and Quarterly Statistical Reports
Komorn Law Social Media
Recent Posts
- What Are Your Rights Before And After Arrest?
- Michigan Probationers Allowed Medical Marijuana
- Public Defenders in Michigan – Qualifications and What They Do
- New Michigan Laws Going Into Effect 2025
- Whitmer’s $3B plan to fix Michigan’s roads calls for more taxes
- Making terrorist threat or false report of terrorism is free speech?
- Washtenaw Prosecutor will not file any criminal charges on you
- Qualifying for a Public Defender in Michigan
- Michigan Record Expungement Information
- Drones – What Drones? Update
- Terry Stop and Refusal to Identify Yourself to Police
- Just Because You’re Hanging Out in a High Crime Area Doesn’t Make You Suspicious
Tag Cloud
2021 BMMR cannabis CBD corruption. prosecutors dispensary Driving DUI forfeiture gun rights hemp komornlaw lara law enforcement abuse laws Legalization marijuana Medical Marijuana Michigan michigan laws michigan news MMFLA MRA news police politics science usa news us supreme court Your Rights
DISCLAIMER
This post may contain re-posted content, opinions, comments, ads, third party posts, outdated information, posts from disgruntled persons, posts from those with agendas, private stuff and general internet BS. Therefore…Before you believe anything on the internet regarding anything – do your research on “Official Government and State Sites”, Call the Michigan State Police, Check the State Attorney General Website and Consult an Attorney – Use Your Brain. You’re on the internet.
