US Trustee Says Past Pot Biz Enough For Ch. 11 Dismissal

By Diana Novak Jones (May 12, 2020, 9:07 PM EDT) -- The U.S. Trustee's Office pushed a Colorado bankruptcy judge to throw out a Chapter 11 filing from United Cannabis Corp. on Monday, saying the company might claim it exclusively deals with legal hemp but its ties to marijuana are too close to allow a bankruptcy.

United Cannabis' patent covering formulations involving THC, its licenses for that patent, and the company's manufacturing, sale and promotion of THC products should likely get its bankruptcy filing dismissed, the office told U.S. Bankruptcy Judge Joseph Rosania Jr.

Just days after United Cannabis filed for bankruptcy last month, Judge Rosania asked the trustee and the company...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!