Bankruptcy Courts Remain Inaccessible to Cannabis Companies

Last year, the Ninth Circuit appeared to open the door for cannabis companies filing for bankruptcy, but lower courts in Colorado and Michigan subsequently slammed that door shut, holding that bankruptcy protection is unavailable to debtors who violate federal marijuana laws, writes partner Mark Salzberg.

This article appeared in the January 7, 2020, edition of Law360, and is posted with permission from Law360 and Portfolio Media.