The chapter explores the challenges faced by distressed cannabis companies in terms of bankruptcy limitations and emphasizes the importance of considering state-level solutions and proactive thinking to manage the fragmented industry.
Cannabis companies can find themselves in financial distress but are generally locked out of the federal bankruptcy courts. What are their options? Perkins Coie Associate Tommy Tobin sits down with Billy Organek, program fellow at Harvard Law School’s Bankruptcy Project, to discuss the importance of bankruptcy law and options companies can seek outside of the federal bankruptcy process.