cannabis

Bankruptcy Debtors who Hold Marijuana Assets Will Likely be Unable to Successfully Discharge Debts in Bankruptcy

Bankruptcy Debtors who Hold Marijuana Assets Will Likely be Unable to Successfully Discharge Debts in Bankruptcy

For most involved in the cannabis industry, business is booming and bankruptcy is not on the horizon. Still, an economic recession may loom in the distant future and the cannabis industry in certain areas is experiencing over-saturation. While an argument can be made that cannabis will weather the recession such as alcohol and tobacco industries, those in the cannabis industry should be keeping an eye on the current political climate and recession.