A cannabis receivership does not just involve a distressed business; it also means navigating overlapping regulatory frameworks, heightened scrutiny from state authorities, and unique tax obligations under federal law. Some states have adopted the Uniform Commercial Real Estate Receivership Act or have developed their own Receivership Act, giving courts and receivers clearer authority. Setting Up the CaseAccording to Daniel Garfield of Fairfield and Woods, filing a cannabis receivership looks similar to other litigation, but with some unique considerations including:Licensing: Every state has its own rules, and not all allow a receiver to take over cannabis operations. Every state has its own rules, and not all allow a receiver to take over cannabis operations. the cannabis business as a whole or just certain properties, can make matters very complicated, very fast.