[ad_1] California’s cannabis industry is a mess. Between the rampant illegal market, onerous taxation, unnecessarily complicated regulations, debt defaults, and a host of other factors, things have never been worse. Businesses big and small are imploding. Without federal bankruptcy protection, the best tool available to insolvent and nearly insolvent companies is gone. So we’re going to start to see a huge uptick in alternative methods of dealing with failing cannabis businesses: receiverships. What is a…
"Cannabis Receiverships Are Coming to California"Tag: Coming
Last week, Las Vegas-based commercial real estate and development company the Siegel Group announced that it had completed the sale of the Artisan Hotel Boutique to Pro Hospitality Group for $11.9 million. Alex Rizk, the owner of Phoenix-based Pro Hospitality Group, told the Las Vegas Review-Journal that he is planning a $3 million renovation of the 64-room hotel on Sahara Boulevard at Interstate 15 near the Las Vegas Strip. He said that when the regulations…
"Weed-Friendly Hotel Coming to Las Vegas"