Budding Woes: Navigating the Weedy Waters of Cannabis Companies in Financial Distress
The Blunt Truth
JULY 25, 2023
2] Bankruptcy cases have been dismissed where the plan had to be funded with rental income from a dispensary, [3] because the plan couldn’t be proposed “by means forbidden by law,” [4] and because the debtor proposed segregating, but continuing to use, proceeds of his medical marijuana business, which is property of his bankruptcy estate. [5]
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