Category: bankruptcy

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Cannabis distributor Humble & Fume gets creditor protection

Humble & Fume, a Canadian cannabis and accessories distributor, received an initial creditor protection order and intends to go private. Cannabis distributor […]

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Canadian cannabis insolvencies persist in 2023 amid industry woes

Financially distressed cannabis companies continued to seek refuge in Canadian insolvency law in 2023, although such insolvency filings under one statute declined […]

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Alternatives to Bankruptcy for Cannabis Companies: Part 3

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 […]

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Alternatives to Bankruptcy for Cannabis Companies: Part 1

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 […]

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Cannabis Receiverships: A Viable Alternative to Bankruptcy

Cannabis Receiverships: A Viable Alternative to Bankruptcy

Doing business in California’s legal cannabis industry remains a risky endeavor. The majority of the industry is still unlicensed, tax rates at […]

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Solutions & Alternatives to Bankruptcy for Cannabis Businesses

Solutions & Alternatives to Bankruptcy for Cannabis Businesses

A Cannabis Related Business (or CRB), whether a plant-touching operation or a provider of goods and services to plant-touching operations cannot seek […]