The 2020 U.S. Elections provided a change in presidential administrations to one that is reportedly pro-cannabis legalization, along with sweeping approval by voters in those states where legalization of cannabis was on the 2020 ballot. As such, it is predicted that federal legalization is closer than it has ever been. With legalization moving closer it is important to understand what federal legalization means for the industry and what traditional legal and financial options will become available to cannabis businesses once legalization does occur.
Fox Rothschild’s Partner Keith Owens addresses the uncertainty of cannabis bankruptcies and how they may change with legalization in the article linked below. Check it out!