It’s been an eventful month in Oregon cannabis. Below are some early summer notes on three things we’ve been doing and watching and writing about.
The Chalice receivership
I covered this last month as the ship was going down. Today, the Oregon receivership is now in full swing and we’re getting regular notices. It hasn’t been smooth from my perspective. The receiver initially rejected a raft of leases, including one held by a landlord we represent. We opined that the receiver didn’t appreciate the regulatory implications of taking such action – in particular, the jeopardy caused to the OLCC retail licenses. The receiver eventually reversed course, and asked the Court to allow withdrawal of those lease rejection notices.
I spoke with another lawyer with skin in the game, who called that episode “a colossal waste and embarrassment…”, and other unprintable stuff. Let’s see if anyone objects to the receiver’s petition for any portion of his fees arising from that misfire, or anything else going on here (there’s more to pick at). Overall, we expect ongoing issues given the novelty of the proceeding: neither the Court nor OLCC, nor anyone, anywhere, has seen a court-supervised sell-off of cannabis assets at anything
Read full article on HarrisBricken
