Photo of 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.

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

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 Oregon

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