Businesses in receivership flood the market amid cannabis industry challenges

California’s cannabis industry, once expected to be a model for legalization, is now facing a wave of financial distress, with an increasing number of businesses falling into receivership. Struggling with high taxes, regulatory complexities and oversupply, many operators are finding it difficult to stay afloat in the nation’s largest legal cannabis market.

Receivership occurs when a court appoints a neutral third party to manage a struggling company’s assets, typically to protect creditors and facilitate debt repayment. In the cannabis sector, this situation is becoming more common due to cash flow issues and an inability to secure traditional financing. Many businesses, particularly small and mid-sized operators, are grappling with declining wholesale prices, burdensome compliance costs and limited access to banking services due to federal restrictions in the U.S.

Throughout 2024, a number of cannabis industry giants landed in the hands of receivers. Many of these large-scale receivership opportunities took representation by Cannabis Business Broker Green Life Business Group Inc with hiring from the receiver. This Included the asset sale of cannabis brand HIGH TIMES, in which Green Life produced more than 36 offers for the assets. The sale of High Times was only the beginning, and this receivership sale sent ripples and waves throughout the once-called Gold Rush Industry.

In January 2025, the receiver hired Green Life once again in the largest cannabis receivership sale in history. Industry giant Statehouse Holdings listed the sale of all their California assets. These assets included real estate, well-known brands, micro businesses and reputable turnkey dispensaries across the state. By the end of Green Life’s marketing campaign, the assets received more than 70 offers from operators all across the industry.

Not only large players and dispensaries headed for receivership in 2024; companies like Lemonnade listed a dispensary in the city of Antioch that generated interest from smaller operators looking to take advantage of the clean slate a receivership business for sale offers.

At the beginning of 2025, Juva Life also entered receivership with a massive 765-light cultivation location which includes real estate and a dispensary that once again has groups eager to make their offers. The deadline for this Call for Offers is Feb. 14.

Despite all the negative press on cannabis and the repetitive chants of doomsday, Green Life Business Group has found solutions and produced above expected results for these assets in receivership. Green Life Business Group has completed more than 300 cannabis transactions and currently has more than 200 active exclusive cannabis licenses and businesses on the market today.

Here is what is on the Market today.