A California court recently confirmed a plan for a cannabis-related business to sell its equity assets in a Canadian cannabis company and distribute the proceeds to creditors, a milestone ruling that may open a new path for...more
10/13/2023
/ Bankruptcy Code ,
Bankruptcy Court ,
California ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances Act ,
Corporate Counsel ,
Creditors ,
DEA ,
Debt Restructuring ,
Debtors ,
Department of Health and Human Services (HHS) ,
Liquidation ,
Schedule I Drugs
While many continue to push for the federal legalization of cannabis, one cannabis company is strategically using its illegality as a shield. The strange case of Thor 942 Fulton St., LLC v Future Transactions Holdings, LLC...more