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TheCanadianDudeon Oct 17, 2022 6:56pm
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Cannabis Businesses Struggle With Bankruptcy coverage
Cannabis Businesses Struggle With Bankruptcy coverage INTERESTING ARTICLES
Cannabis Businesses Struggle With Bankruptcy In The Absence Of Federal Banking
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https://www.nixonpeabody.com/insights/alerts/2021/11/08/cannabis-bankruptcy-issues With cannabis still classified as a Schedule I controlled drug under federal law, bankruptcy protection is currently not a viable restructuring option for an entity directly engaged in cultivating, distributing, and/or possessing cannabis products. The Department of Justice (DOJ) has generally taken a “hands-off” approach to enforcement of these laws if the parties are otherwise in compliance with state law.