Cannabis Businesses Struggle With Bankruptcy In The Absence Of Federal Banking

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It’s well known that marijuana companies cannot avail themselves of the protections afforded by U.S. Bankruptcy Courts. The National Law Review recently detailed how these courts are doubling down on disallowing cannabis companies to obtain bankruptcy relief. Ancillary companies that service or provide materials or equipment to marijuana companies are also denied these options by U.S. Bankruptcy Courts. This is very troubling because providing a good or service to a licensed marijuana company should in…

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