State-Legalized Marijuana Businesses and Access to the Bankruptcy Code | Practical Law

State-Legalized Marijuana Businesses and Access to the Bankruptcy Code | Practical Law

A Practice Note discussing the federal statutory scheme governing marijuana, its tension with state laws governing marijuana businesses, and the ability or inability of marijuana-related businesses to access the relief provided under federal bankruptcy law. This Note also addresses the alternatives available to marijuana-related businesses and creditors when facing financial insolvency.

State-Legalized Marijuana Businesses and Access to the Bankruptcy Code

Practical Law Practice Note w-014-7152 (Approx. 23 pages)

State-Legalized Marijuana Businesses and Access to the Bankruptcy Code

by Mark A. Salzberg and John E. Wyand, Squire Patton Boggs LLP, Elliot M. Smith, Benesch, Friedlander, Coplan & Aronoff LLP, with Practical Law Bankruptcy & Restructuring
Maintained • USA (National/Federal)
A Practice Note discussing the federal statutory scheme governing marijuana, its tension with state laws governing marijuana businesses, and the ability or inability of marijuana-related businesses to access the relief provided under federal bankruptcy law. This Note also addresses the alternatives available to marijuana-related businesses and creditors when facing financial insolvency.