Distressed Cannabis Companies See Hope In 9th Circ. Ruling

By Keith Owens (May 22, 2019, 1:03 PM EDT) -- Until now, bankruptcy courts have been quick to dismiss bankruptcy cases filed by state-licensed cannabis growers and dispensaries, concluding that such entities were ineligible for federal bankruptcy relief because they violated the Federal Controlled Substances Act of 1970,[1] or the FCSA....

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