Withcapital constraintsa growing factor in the marijuana industry, U.S. cannabis companies facing financial pressureare increasingly eyeing Canadian bankruptcy protection as a possible solution to their problems.
Its a growing trend, said Zachary Kobrin,special counsel of government affairs at Fort Lauderdale, Florida-based Akerman. We started seeing the tea leaves a few months ago and are looking into it.
Troubled U.S. cannabis companies have tried thebankruptcy routeat home, but given the federal illegality of marijuana, that has not proved to be a successful path.
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Some struggling US cannabis companies may look to Canada for possible bankruptcy protection
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Originally posted on MJ Biz Article: Some struggling US cannabis companies may look to Canada for possible bankruptcy protection via Cannabis Industry News
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