Options for Bankruptcy Protections for Cannabis Companies

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This chapter explores the limitations faced by cannabis companies in terms of federal bankruptcy protections and discusses four options being tested across the country. It highlights the importance of considering potential insolvency, changes in the regulatory framework, and provides advice for cannabis businesses and investors.

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.