Cannabis Companies Lacking Bankruptcy Protections Can Explore State Options
As the trend to legalize the medical and recreational use of marijuana continues to blaze through the states, federal law, and bankruptcy courts by extension, have not yet followed suit. Bankruptcy courts have historically prevented cannabis – and even cannabis-ancillary companies – from filing for protection under the U.S. Bankruptcy Code because marijuana remains illegal under the CSA at the federal level.
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed