Cannabis companies will progress despite rise in receiverships

Marijuana in Michigan hit record highs last year, with organizations benefitting more than $221 million in the period of December 2022 alone as per a state report. Yet, as the quickly developing industry keeps on growing, a few organizations are starting to fall behind.

Last week, Skymint, one of the top cannabis manufacturers in Michigan went into receivership in the wake of defaulting on a $127 million credit.

Don’t be sad

Like always the smart, the strong, the ones with good product, the ones that evolve will continue to thrive and profit.

“It’s just what happens sometimes in business and you have to fight to survive. 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.

Komorn Law specializes in cannabis business services as well as legal defense.

Cannabis Regulatory Agency Report Links

Adult-Use Marijuana Licensing Reports

Medical Marijuana Licensing Reports

Monthly and Quarterly Statistical Reports

LARA Legislative Reports

Visit the The Michigan Medical Marijuana Association (MMMA)
Public forums for guests and members of the Michigan Medical Marijuana Association.
This is an open forum related to a variety of topics from legal issues to growing for medical use to strains and more.