In this episode, Hilary Bricken sits down with Richard Ormond, one of the nation’s leading cannabis receivers and an expert in cannabis receiverships. Richard, a partner at Buchalter and the owner of Stone Blossom Capital, shares his unique insights into the fast-evolving world of cannabis business restructuring, the legal complexities of court-appointed receiverships, and what makes cannabis receiverships distinct from those in other industries. Richard explains the role of a receiver and why courts appoint receivers for struggling cannabis businesses, and he discusses the regulatory hurdles and compliance issues that make cannabis receiverships especially complex. Step-by-step, Richard walks us through how a receivership is initiated, his duties as a receiver, and the typical outcomes for cannabis companies.
In this episode, Hilary Bricken sits down with Richard Ormond, one of the nation’s leading cannabis receivers and an expert in cannabis receiverships. Richard, a partner at Buchalter and the owner of Stone Blossom Capital, shares his unique insights into the fast-evolving world of cannabis business restructuring, the legal complexities of court-appointed receiverships, and what makes cannabis receiverships distinct from those in other industries. Richard explains the role of a receiver and why courts appoint receivers for struggling cannabis businesses, and he discusses the regulatory hurdles and compliance issues that make cannabis receiverships especially complex. Step-by-step, Richard walks us through how a receivership is initiated, his duties as a receiver, and the typical outcomes for cannabis companies.