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

The Blunt Truth

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] Fla 2017). [7]

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Clark County continues to eye pot-law changes

Cannabis Chronicles

Most recently, the store opened in 2017 after being granted a reprieve while it challenged the ban in court. They also reflect updates to state law, such as eliminating “collective gardens,” which were previously used for medical marijuana. The owner of Sticky’s has made attempts to open despite the ban.

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United States: Cannabis-Related Companies Can’t File Bankruptcy Until Federal Legalization

Cannabis Law Report

Filing for bankruptcy allows distressed businesses some breathing room from creditors to restructure debts and also allows protection from certain litigation and collection efforts. Cannabis entrepreneurs should seek legal counsel to ensure they are structuring their business in a way that allows for state law protections.

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California Department of Justice Releases New Medicinal Cannabis Guidelines

Cannabis Law Report

SACRAMENTO – Today, the California Department of Justice released the “Guidelines for the Security and Non-Diversion of Cannabis Grown for Medicinal Use” to clarify the state’s laws governing medicinal cannabis, specifically those related to the enforcement, transportation, and use of medicinal cannabis. MEDICINAL CANNABIS Guidelines.

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Oregon Revisits Worker Protections for Off-Duty Cannabis Enjoyment

SpeedWeed

The Statesman Journal reports that a proposed bill would also change state law to protect job seekers who use substances like cannabis that are legal here. Senate Bill 301, which represented a previous attempt to loosen employment restrictions, failed in 2017. RELATED STORY.

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People v. Charles Hill, 2020 IL 124595.”Smelling and seeing cannabis justified probable cause for a police officer in central Illinois to search a man’s car, despite cannabis’ decriminalization”

Cannabis Law Report

The justices were asked whether two 2016 laws — the Illinois Cannabis Control Act and the Compassionate Use of Medical Cannabis Pilot Program Act — changed the basis for probable cause in a May 2017 warrantless search of Charles Hill’s car. In October 2017, Hill filed a motion to suppress the evidence which was granted.

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How to find low cost, free, and subsidized medical cannabis

The Cannigma

Proposition 215 made it legal for HIV/AIDs and cancer patients and the terminally ill to possess and cultivate medical marijuana and to receive it from a network of non-profit, member based collectives that catered specifically to medical marijuana patients in need.

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