Cannitrol – Cannabis Control Agent

Marijuana news from around the world

bankruptcy

Green Dragon closing 17 dispensaries, grow facility in Colorado, CEO says

Green Dragon, one of Colorado’s largest cannabis companies, is preparing to cease operations.

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Alternatives to Bankruptcy for Cannabis Companies: Part 3

Part 1 of this series discussed the lack of bankruptcy protections for cannabis companies, since bankruptcy in the U.S. is an exclusively federal procedure and cannabis remains illegal under federal law and proposed a number of alternative options for businesses struggling in the current environment. Part 2 of this series focused on state law receiverships […]

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Alternatives to Bankruptcy for Cannabis Companies: Part 2

Part 1 of this series discussed the lack of bankruptcy protections for cannabis companies, since bankruptcy in the U.S. is an exclusively federal procedure and cannabis remains illegal under federal law and proposed a number of alternative options for businesses struggling in the current environment. Part 2 of this series focuses on one of these […]

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Alternatives to Bankruptcy for Cannabis Companies: Part 1

The problems facing the cannabis industry arising from its ongoing status as a federally illegal enterprise are numerous and well documented: 280E tax burdens, limited access to banking, exclusion from capital markets, uneven access to federal intellectual property right protections and the inability to access the stream of interstate commerce. The recent woes faced by […]

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The Distressed Cannabis Business: An Alternative to Bankruptcy

Bankruptcy is Not an Option Bankruptcy courts do not provide protection to cannabis and cannabis-related businesses.Bankruptcy can be a very helpful tool for a distressed business. Bankruptcy allows a business to stop collection actions, discharge certain debts, cancel unfavorable contracts and provides breathing room to restructure the business. What if your cannabis operation is struggling or […]

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Trump’s personal attorney loaned $26 million to taxi mogul in weed biz, according to documents

President Donald Trump’s personal attorney, whose business dealings are being investigated by the FBI, and the lawyer’s father-in-law have lent $26 million in recent years to a taxi mogul who is shifting into the legalized marijuana industry, according to documents obtained by The Associated Press.

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