The Option of Bankruptcy Grows Clearer for Hemp Businesses
Canna Law Blog
NOVEMBER 20, 2020
As we’ve written about before , bankruptcy hasn’t been a viable option for cannabis businesses, including ancillary businesses that derive any portion of their revenue from cannabis. That was expected to change for hemp and CBD businesses after the 2014 Farm Bill, and especially after hemp was legalized as a commodity under the 2018 Farm Bill (and removed from the Controlled Substances Act).
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