Bypassing Bankruptcy

Bypassing Bankruptcy

Jul 06, 2020

Article

Co-author, Marijuana Business Magazine, July 2020

Marijuana companies have been relatively fortunate during the COVID-19 pandemic, with many deemed essential businesses able to keep their doors open. But with the nation’s economy facing a major downturn, some marijuana companies will probably have to restructure their operations after landing in financial hot water.

Their options will be more limited than mainstream companies—but they will have options.

Because Chapter 11 federal bankruptcy protection is unavailable to many cannabis-related businesses, owners and managers might have questions about how to legally restructure their operations. Here are answers to frequently asked questions.

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