Cannabis in Court: When Federal Courts Will Hear Commercial Disputes Related to the Cannabis Business April 24, 2024 Stephen Ascher Federal 0 Comments By Stephen Ascher and Anna M.Windemuth The unique status of the cannabis business — legal in a majority of states, but still illegal under federal law — creates a thorny problem for litigants: Federal courts sometimes refuse to hear cannabis-related… Read More→
How To Wind Up a Cannabis Company August 25, 2023 AggregatedNews News & Insights 0 Comments By Vince Sliwoski, Attorney at Harris Bricken Most cannabis companies are not wound up properly, some cannabis companies (and their owners) suffer repercussions for this, and all cannabis companies (and their owners, and investors!) are well served by an orderly… Read More→
New Opinion Confirms Growing Trend Away from “Zero Tolerance” Cannabis Bankruptcy Relief Policy April 10, 2023 AggregatedNews Bankruptcy 0 Comments By Jihee Lee, Attorney at Harris Bricken As those in the cannabis industry are fully aware, the option of bankruptcy has not been available to cannabis or many cannabis-adjacent businesses to date. The courts have consistently indicated debtors who work… Read More→
ICYMI: Distressed Cannabis Business Takeaways March 29, 2023 Hilary Bricken News & Insights 0 Comments By Hilary Bricken, Principal at Harris Bricken On February 28th, I moderated our firm’s “Distressed Cannabis Businesses” webinar. In that webinar, Griffen, Ethan, Vince, and I discussed the current financial and economic pressure the entire cannabis industry is facing today.… Read More→
When Cannabis Businesses face financial distress February 14, 2022 Jacques Santucci Banking, Finance & Real Estate 0 Comments After another rollercoaster of a year, I’m reflecting back on some of the insights my partners and I shared with the Cannabis Industry throughout the COVID-19 pandemic. One area that we’ve continued to monitor (and have recently become directly involved… Read More→
Coronavirus Crisis or Not, It’s Time to Ensure Your Cannabusiness Isn’t Overexpanding June 16, 2020 Chris Woods Best Practices, News & Insights, Op-Ed, Spotlight, The Buck Stops Here 0 Comments By Chris Woods, CEO, Terrapin Care Station In January, Motley Fool asked whether 2020 would be the year of cannabis stock bankruptcies. And if business leaders aren’t careful about their growth, the answer will undoubtedly be “yes.” While the impact… Read More→
Day of reckoning could loom for some medical marijuana license holders in Oklahoma June 12, 2020 AggregatedNews Oklahoma 0 Comments Chris McAlvain and Matt Blackwood were going by the books on their first crop — especially with their combined savings on the line. They did their research, paid for their license, bought their equipment and cured their harvest for 40… Read More→
The Status of a Cannabusiness’ Ability to Seek Relief in the Courts — the ‘Illegality’ Issue June 10, 2020 Bec Edelson Policy & Legal 0 Comments By Bec Edelson and James Fazio Claimed “illegality” of cannabusinesses continues to be a critical issue for them in their ability to enforce their rights in the courts. The ability to seek judicial relief may be especially important to some… Read More→
Bankruptcy, Receivership and Cannabis Insolvency April 20, 2020 Jacques Santucci Banking, Finance & Real Estate, Best Practices, Cannabis Investments, Policy & Legal 0 Comments As I started to write this article, the economy was still booming, despite the expectation of an impending adjustment in the market. Now, amidst the global COVID-19 pandemic, I still intend to share my thoughts surrounding bankruptcy and receivership in… Read More→
Final Frontier for Cannabis Businesses: Bankruptcy Protection October 29, 2019 Steven Schain Policy & Legal 0 Comments Most businesses fail, marijuana businesses fail more greatly, but neither marijuana businesses, nor their owners, are entitled to bankruptcy law protection. Instead, because of marijuana’s 100% federal illegality, and because bankruptcy can’t be used to facilitate federally illegal activity or… Read More→