Bankruptcy can be a helpful tool for a distressed business. It allows a business to stop collection actions, discharge certain debts and cancel unfavorable contracts,…
Tag:
bankruptcy
The fact that cannabis companies cannot access federal bankruptcy courts is old news. Even ancillary companies with indirect involvement in the federally illegal cannabis industry…
Recreational or medicinal cannabis is now legal in 35 states and the District of Columbia. But cannabis is still a Schedule I controlled substance under…
While numerous states have legalized the cultivation, sale and use of marijuana for both medicinal and recreational purposes, such actions remain illegal under the federal…
As the marijuana industry continues to grow, individuals and organizations that provide goods or services to cannabis-based businesses may face legal consequences few have considered.…
Do you or your business owe taxes you can’t pay? Have you received a collection notice from the IRS or had your bank accounts garnished?…
Starting a cannabis business legally under state law requires owners to consider a wide range of possible challenges. Some of the major considerations include possible…