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Does Involvement in the Cannabis Industry Preclude Your Business From Bankruptcy Protection?

Cannabis Law Report

As bankruptcy is only available under federal law, this dichotomy between state and federal law can result in actions that potentially preclude businesses and individuals from accessing the protections afforded under the U.S. Businesses can utilize Chapter 11 to complete a reorganization or a liquidation.

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Medical cannabis licenses approved for six companies in Georgia

Cannabis Law Report

The announcement is a long-awaited milestone for about 15,000 patients who have been authorized to use medical marijuana oil since 2015 but weren’t permitted to buy it. State law limits the number of medical marijuana producers to six. It’s a blessing. It’s the only thing I’ve seen that can stop my child’s seizures.”.

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Budding Woes: Navigating the Weedy Waters of Cannabis Companies in Financial Distress

The Blunt Truth

Losers lack access to the U.S. STATE OF PLAY The United States Trustee Program (“USTP”), as the bankruptcy system watchdog, has long taken the position that the system may not be used as in instrument in committing a crime, and that trustees and estate fiduciaries may not administer assets in violation of federal criminal law. [1]

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NORML’s 2020 Democratic Primary Marijuana Straw Poll

NORML

Current Office: Senator from Vermont 2018 NORML Congressional Scorecard Grade: A+ Sponsored Legislation: Ending Federal Marijuana Prohibition Act (2015-2016) Co-Sponsored Legislation: Marijuana Justice Act of 2017 (2017-2020), Marijuana Freedom and Opportunity Act (2017-2018). .” – 02/22/19. Bernie Sanders. Kamala Harris.

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Cannabis Taxpayers, the IRS is Here to Help

Canna Law Blog

This includes promulgation of cannabis tax guidelines as well as webinars and public forums dedicated to tax compliance for marijuana businesses (together, the “Guidelines”). Indeed, federal courts have consistently upheld that income derived from state compliant as well as illegal marijuana business activities are subject to U.S.

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Georgia Medical Cannabis Program Finally Revamps and Expands

SpeedWeed

This will be a significant and positive change for a state that has gone too long without a true medical program. The move was greenlit by Georgia Access to Medical Cannabis Commission, which “voted unanimously to select the six companies from 69 that had applied for licenses,” according to the Atlanta Journal-Constitution.

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Georgia medical marijuana program starts after 7-month wait

Cannabis Law Report

The appointments were a key step for patients who have been allowed to use the drug since 2015 but had no legal way to buy, grow or transport it. State law allows marijuana oil to treat severe seizures, terminal cancers, Parkinson’s disease and other illnesses.