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Cannabis Businesses Struggle With Bankruptcy coverage

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INTERESTING ARTICLES
Cannabis Businesses Struggle With Bankruptcy In The Absence Of Federal Banking

https://www.forbes.com/sites/roberthoban/2021/05/16/cannabis-businesses-struggle-with-bankruptcy-in-the-absence-of-federal-banking/?sh=381daf642f6c

AND
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.