President Trump has indicated he may ease federal restrictions on marijuana, specifically by rescheduling cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA). This would be the first move his...more
A California court recently confirmed a plan for a cannabis-related business to sell its equity assets in a Canadian cannabis company and distribute the proceeds to creditors, a milestone ruling that may open a new path for...more
10/13/2023
/ Bankruptcy Code ,
Bankruptcy Court ,
California ,
Cannabis-Related Businesses (CRBs) ,
Controlled Substances Act ,
Corporate Counsel ,
Creditors ,
DEA ,
Debt Restructuring ,
Debtors ,
Department of Health and Human Services (HHS) ,
Liquidation ,
Schedule I Drugs
With the U.S. Department of Health and Human Services (HHS) officially recommending cannabis be moved from a Schedule I drug to a Schedule III drug, the cannabis industry is one step closer to alleviating interstate commerce...more