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
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