Evergreen
Cannabis business receivership and wind-down
Bob Hoban, Hoban Law Group · Last updated May 2026
On-record soundbite (1–2 sentences)
“Cannabis company failures are uniquely complicated because the assets — licenses, inventory, real estate — are encumbered by state regulatory requirements that bankruptcy courts were not designed to navigate. Receivership is often the only viable path, but it requires cannabis-specific expertise that most restructuring attorneys do not have.”
— Robert Hoban, Hoban Law Group
Extended quote (3–4 sentences)
“Cannabis company failures are uniquely complicated because the assets — licenses, inventory, real estate — are encumbered by state regulatory requirements that bankruptcy courts were not designed to navigate. Receivership is often the only viable path, but it requires cannabis-specific expertise that most restructuring attorneys do not have. The most common mistake is treating cannabis receivership like a standard commercial receivership. License continuity, inventory chain-of-custody, and regulatory notification timelines are non-negotiable. Get those wrong and you have a failed receivership on top of a failed company.”
— Robert Hoban, Hoban Law Group
Attribution
Robert Hoban, Founder and Managing Partner, Hoban Law Group. Quotes may be used in editorial coverage with this attribution line. For background briefings or custom quotes on adjacent topics, contact the press team.