A new case may indicate the beginning of a policy shift by the Executive Office of the U.S. Trustee Program towards bankruptcy relief for certain cannabis-related enterprises.
Continue Reading Is The Smoke Clearing For Bankruptcy Access By Cannabis Companies?
Rudy J. Cerone
Nationally recognized throughout the country and with four decades of practice advising creditor clients involved in business bankruptcy cases, financial restructuring, commercial litigation, and complex consumer cases across the country, Rudy Cerone is a highly sought-after advisor in the cannabis industry. Rudy - who can be found throughout the year making impactful connections at the Benzinga Cannabis Capital Conference and PBC Conference - contributes his valuable insights to advise a wide range of cannabis industry participants on financial workouts, bankruptcy issues and bankruptcy alternatives available to cannabis industry entities, lenders, creditors, and financiers.
Podcast: Cannabis and Bankruptcy, Ep. 3: Considerations for Lenders
This is the third installment in our three-part series: “Exploring Issues in Cannabis and Bankruptcy.” In this final episode, we’ll explore what the two recent decisions in Blumsack and Hacienda mean for creditors in the cannabis industry and also what rights are available to lenders and marijuana financiers in the bankruptcy context.
Continue Reading Podcast: Cannabis and Bankruptcy, Ep. 3: Considerations for Lenders
Cannabis Creditors Face Receivership in Oregon
It is no secret that cannabis businesses and owners remain largely barred from taking advantage of federal bankruptcy protections, leaving distressed marijuana businesses with limited restructuring options. Most often, distressed marijuana businesses and businesses serving the marijuana industry (collectively, MRBs) must instead rely on state law, including state-specific cannabis…
Continue Reading Cannabis Creditors Face Receivership in OregonPodcast: Cannabis and Bankruptcy, Ep. 2: Considerations for Businesses
This is the second installment in a three-part series exploring issues in cannabis and bankruptcy. In this episode, we’ll dive into bankruptcy protections available to businesses, including a case in which the Bankruptcy Court rejected a categorical prohibition for all debtors with any connection to marijuana.
Continue Reading Podcast: Cannabis and Bankruptcy, Ep. 2: Considerations for Businesses
Podcast: Cannabis and Bankruptcy, Ep. 1: Considerations for Individuals
It’s no secret that pockets of the cannabis industry are experiencing financial distress, and this is generating fear and concern for marijuana licensees and their lenders as well. …
Continue Reading Podcast: Cannabis and Bankruptcy, Ep. 1: Considerations for Individuals
Decision Blocks Ch. 13 Bankruptcy for Cannabis Business Employee
If you work for a cannabis business, then bankruptcy relief may not be available to you, according to the In re Blumsack decision out of the U.S. Bankruptcy Court for the District of Massachusetts.
Continue Reading Decision Blocks Ch. 13 Bankruptcy for Cannabis Business Employee