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What Cannabis Businesses Should Know About Bankruptcy

Law360, New York (March 14, 2016, 10:45 AM EDT) -- Marijuana is big business in the United States and getting bigger every day. Medical marijuana is legal in 20 states and recreational use is legal in four states and the District of Columbia. Market analysts predict that legal cannabis could be an industry with revenues of $35 billion by 2020 if marijuana is legalized at the federal level. A recent article in the Washington Post put this figure in perspective, "$35 billion represents more annual revenue than the NFL (currently $10 billion), and is roughly on par with current revenues for the newspaper publishing industry ($38 billion) and the confectionery industry ($34 billion)."...

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