August 12, 2024 | The Legal Intelligencer
Potential Bankruptcy Relief for Individual Owner of Cannabis Businesses?The court found that the simple administration of certain ownership interests of retail cannabis dispensaries "is not in and of itself necessarily equivalent to administering marijuana assets." And, as such, a Chapter 7 trustee could administer and monetize these ownership interests without violating the law.
By Lawrence J. Kotler and Ryan Spengler
7 minute read
February 02, 2024 | The Legal Intelligencer
Mere Presence of Cannabis Near a Bankruptcy Case Does Not Automatically Preclude ReliefIn In re Kojima, the U.S. District Court for the Central District of California (the court) affirmed a bankruptcy court's order approving a Chapter 7 trustee's proposed settlement of cannabis-related state court claims held by creditors of the estate.
By Lawrence J. Kotler and Ryan Spengler
7 minute read
November 02, 2023 | The Legal Intelligencer
Bankruptcy Court Sides With Cannabis Business (Twice) in Reorg PlanThis ruling may result in more cannabis-related bankruptcy filings as sophisticated bankruptcy attorneys now have a framework for testing the trustee's historic opposition to bankruptcy protection for cannabis companies.
By Lawrence J. Kotler and Ryan Spengler
8 minute read
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