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Bankruptcy court protection not afforded to US-based cannabis/cannabinoid companies

Bankruptcy court is inaccessible to companies in the cannabis/cannabinoid industry in the United States. This means struggling US-based cannabis companies are forced to look for other forms of relief, primarily assignments for the benefit of creditors under state law and state law receiverships, or seek bankruptcy relieve outside the United States. There may be creative ways to access Canadian court protection.

Click HERE and HERE to read more.

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