Cannabis Business Legal News

A recent decision from the Bankruptcy Appellate Panel of the Ninth Circuit is another in a small, but growing line of cases finding that bankruptcy cases need not be mandatorily dismissed simply because they touch upon marijuana related businesses or their assets.  In turn, that realization could, and should, lead to a much needed change in thought over the general availability of bankruptcy protection for operating marijuana related businesses themselves.

The decision, In re Olson, 2018 WL 989263 (B.A.P. 9^th Cir. 2018), involved a 92 year old, legally blind, debtor living in an ...