It should come as no surprise that cannabis is one of the fastest growing industries in the United States. In spite of the current federal illegality of cannabis, 1 the numbers indicate that it is only a matter of time before cannabis’s status as a Schedule I controlled substance under the...
The nascent cannabis industry is in a state of constant flux. Starting in 2012 and leading up to today, buying and selling cannabis has varying legal implications, depending on the country, as well as the U.S. state. 1 The different stages of legalization have created significant opportunities and...
The growing trend of cannabis legalization in the United States and abroad has created a level of uncertainty for U.S. cannabis operations experiencing financial distress. In particular, because cannabis remains illegal at the federal level, cannabis and cannabis-adjacent businesses have largely...
Canada is the first G7 nation to federally legalise the use of cannabis for both medical and recreational use, and can be considered the world leader in a global trend of deregulation. Starting in 2001, authorized medical patients were legally able to access cannabis through the Medical Marijuana...
More and more U.S. states have legalized the cultivation, distribution, and use of marijuana. Some states have legalized it only for medical purposes, while others have also legalized it for recreational purposes. As two examples, New York State recently enacted the Marijuana Regulation and...
The U.S. Bankruptcy Code provides relief to debtors to maximize value for the benefit of their creditors and other stakeholders. Such relief is extremely limited when debtors are state-legalized marijuana businesses, as they are denied access to Bankruptcy Courts because the manufacture,...
Of late, there has been a noticeable trend of decreasing risk-adjusted returns on commercial debt offerings, given the abundance of dry powder in the corporate finance industry and a dwindling number of attractive deals. In efforts to find greener pastures, a small number of financial institutions—...
Recreational cannabis use became legal in Canada on October 17, 2018. Canada is now the second country in the world—and the first G-7 nation—to authorize a national cannabis market. 1 The passage of Bill C-45, otherwise known as the Cannabis Act, marks a historical moment for advocates of cannabis...
Currently, 30 states and the District of Columbia have adopted some form of cannabis legalization, producing and estimated $9 billion in sales in 2017, making it one of the fastest growing industries in the U.S. This accelerated growth will find many new entrants...
