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

The Blunt Truth

As the cannabis industry matures, there will be winners and losers. Losers lack access to the U.S. 7] A provider of hydroponic and gardening supplies for cannabis was also denied relief. [8] 8] ALTERNATIVES TO BANKRUPTCY Cannabis companies face a challenging landscape: high taxes, oversupply, security concerns.

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Massachusetts: cannabis bill sails through committee

Cannabis Law Report

The more wide-ranging bill (H 174/S 72), which a spokesperson said is a priority for House Speaker Ron Mariano, addresses aspects of state laws that cannabis regulators and industry entrepreneurs have been increasingly vocal about taking issue with. Sonia Chang-Diaz, co-chair of the Joint Committee on Cannabis Policy, said.

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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. Federal Law and Marijuana Assets or Income. Bankruptcy Code (the “Code”). James Atchison.

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Cannabis Legalisation And Its Impact On The US Transport Industry

Cannabis Law Report

While employers in the US transport industry are acutely aware of the effects COVID-19 has imposed over the last 18 months, another phenomenon has been making itself known: the ever-increasing tally of states and localities across the country legalising cannabis for medicinal and recreational purposes. phencyclidine (PCP).

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Foreign Investment in U.S. Cannabis: A Continuing Love/Hate Relationship

Canna Law Blog

cannabis industry attracts all kinds of entrepreneurs and investors. That has been true since Colorado and Washington legalized cannabis for adults 21 and up back in 2012, and since other states began creating comprehensive licensing regimes. Foreign investors are not immune to the charms and allure of cannabis.

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Looking Back on 25 Years of California Cannabis: Growing Pains (STILL) Persist

Canna Law Blog

215, I was recently interviewed on KCRW to give my take on how California (and specifically the City of Los Angeles) has done when it comes to legalizing and licensing cannabis businesses. 215 legalized medical cannabis in 1996–it didn’t. 215 wasn’t about legalizing, regulating, and taxing cannabis at all.

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New Technology Aims to Erase Old Cannabis Charges

Cannabis Law Report

Now, California county prosecutors can use a program to reduce or even erase about 220,000 cannabis convictions following voters legalizing the drug in 2016. It became the first state to legalize cannabis via the legislature, not through a ballot measure. It aims at clearing about 75,000 marijuana convictions.