From Green to Red: What Insolvency Professionals Need to Know About Cannabis

This panel discusses the issues that arise when the growing state-sanctioned cannabis trade intersects with the insolvency world, in both commercial and consumer settings. The panelists cover the federal statutory scheme governing marijuana, its tension with state laws governing marijuana businesses, and the ability or inability of marijuana-related businesses and individuals involved in the industry to access the relief provided in the bankruptcy courts when facing financial insolvency. The panel also addresses state court receiverships and other non-bankruptcy methods for dealing with cannabis related businesses, and special concerns that lenders and other parties should address when dealing with those in the industry.