We provide our monitoring services through a proprietary dashboard and technology platform. We can assist lenders and investors by acting as their Special Servicer. Due to the increased scrutiny by government regulators, customers and media, cannabis businesses know that a strong, values-based ethics program and an ethical corporate culture can reduce the risk of costly mistakes. We provide objective, third-party perspectives on ethics and compliance programs, ethical cultures, internal processes, controls and best practice to companies and government agencies. Our proprietary technology allows us to monitor key performance indicators (“KPI”) and critical incidents (“CI”) in the most efficient cost-effective way available. Learn more about our technology and services.
Cannabis Licensing and Compliance: Our team has extensive experience in navigating the specialized licensing and regulatory compliance requirements for the development and operation of cannabis establishments. We represent many enterprises in the cannabis industry and use our government relations to assist those businesses in obtaining the necessary regulatory approvals, and state and local licenses to legally operate cannabis establishments. Our reputation within the cannabis industry provides excellent relationships with regulators and other state and local agencies with cannabis related responsibilities.
Some of our compliance services include but are not limited to:
- Collaboration with management operations team for planning, execution, and oversight of the regulatory and internal compliance.
- Performing establishment audits and inspections as well as assist with site.
- Management of compliance inspections, investigations and audits with regulators.
- Management of assigned as Marijuana Enforcement Tracking Reporting & Compliance (METRC) Key Administrator to ensure seed to sale tracking for all
cultivation, production, dispensary and distribution business operations.
Our management services help bridge the gaps in all the important business areas that existing entities may be facing. We are positioned to assist with:
- Staffing and Human Resources (Administrative, Recruitment, Evaluation of Existing Staff)
- Operations (SOPs)
- Health and Safety (State & Local Health and COVID-19 Restrictions)
- Cash Management & Reporting
- Vendor Relationships
- Property Assessment
- E-commerce & Customer Relationship Management
We’ve tested and proven management protocols and procedures provide transparency, accuracy and accountability.
Our team works to find comprehensive solutions for our clients to protect, maintain, and monetize their assets. Those doing business in cannabis, are subject to extra complication and legal hardship.
We are a vital resource when you are having financial and legal concerns, we can provide solutions to navigate the complexities of the industry and help turn your cannabis business into a profitable, compliant, and growing endeavor.
The team has provided advisory, receivership, bankruptcy and asset management services to some of the nation’s largest financial institutions and government agencies. Our accomplishments have provided us with valuable experience and unmatched results. We understand the convoluted nature of the legal state of the federal law, and are uniquely positioned to help you produce the best results in this rapidly changing industry. Our team includes professionals with over a combined thirty years of experience in cannabis and business operations.
Our team maintains a hands-on, result-driven approach which is an integral part of our strategy and philosophy. To learn more about our team, click here.
Cannabis Court Receiver
Cannabis Receivership – What makes it different?
The cannabis (marijuana) industry poses different challenges due to the fact that cannabis businesses are not eligible for bankruptcy protection the same way other businesses are. A distressed cannabis business could attempt to work out voluntary agreements between debtors and creditors, but without court oversight it would be a risky proposition for all parties. The solution is to have a court-appointed receiver manage and protect the assets of the business.
Cannabis Distressed Assets
UnitedCMC team has the experience necessary to manage a Receivership and distressed assets in the cannabis industry. Beyond not having the luxury of bankruptcy protection, cannabis businesses also face many challenges with licensing, banking, taxing authorities and State regulatory bodies. UnitedCMC team has vast experience navigating all these challenges while focusing on unique resolutions for the benefit of all interested parties.
Cannabis Receiver Services
Our qualified team has been able to implement sustainable strategies and add value to every case through creativity, efficiency, and unmatched experience. As fiduciaries working as a non-affiliated and non-related third party, we understand the importance of protecting and marshaling assets and collateral while the parties resolve their differences. We take pride in our work and manage every cannabis case as if it were our own business. Our greatest satisfaction is to turn distressed cannabis assets and cannabis companies into successful opportunities that result in the highest recovery possible.
Cannabis Receiver Success
UnitedCMC team members were engaged by the court appointed Receiver by the District Court of Nevada for a large Nevada cannabis business consisting of cultivation, distribution, production and retail marijuana licenses. In June, 2020, the Receiver was granted permission from the State of Nevada to open a rebranded dispensary in a joint venture with another Nevada license holder. This was the first time that an establishment under control of a court-appointed Receiver was allowed to operate in the State of Nevada.