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Expert Analysis

Bankruptcy Courts Remain Inaccessible To Cannabis Cos.

By Mark Salzberg (January 7, 2020, 5:54 PM EST) -- Courts struggled last year to find a balance between state-licensed cannabis activity and the federal right to seek bankruptcy protection under the Bankruptcy Code. During 2019, we had the first circuit-level opinion in the bankruptcy/cannabis space that appeared to open the door to bankruptcy courts, albeit slightly. We also had lower court opinions slamming that door shut....

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