Ninth Circuit Removes Important Restriction to Cannabis Bankruptcy Reorganizations, But Obstacles Remain

The court noted that the DOJ might prosecute cannabis-related businesses under the CSA, notwithstanding plan confirmation. Thus, Garvin may have foreclosed any future DOJ CSA-based noneconomic objections to cannabis reorganizations.

Filed under:
USA, Insolvency & Restructuring, Litigation, Duane Morris LLP, Ninth Circuit
Authors:
Meagen E. Leary , James J. Holman , Jeff D. Kahane , Mohammad Tehrani
Location:
USA
Firm:
Duane Morris LLP