State-legalized Marijuana Businesses and Access to the Bankruptcy Code – Thomson Reuters Practical Law

    View Author September 2018

    The industry for marijuana businesses and the associated opportunities for investment continue to expand as more states decriminalize and legalize marijuana use. However, state-legalized marijuana businesses experiencing financial distress face significant challenges in obtaining the relief afforded by the Bankruptcy Code. This article explains the legal framework governing marijuana and identifies strategies and alternatives for insolvent marijuana businesses and their creditors.

    This article was published in the September edition of Thomson Reuters Practical Law and is reproduced with permission.