cannabis bankruptcy

 Jay-Z’s cannabis brand, Monogram, launched in 2020 amid glowing media coverage in GQ, Vogue, and Vanity Fair soon followed. However, four years later, Monogram seems to have vanished from the market. Despite its luxury positioning, or perhaps because of it, which featured $50 “OG...

SLANG Worldwide Inc. (CSE:SLNG) (OTCQB:SLGWF) confirmed Tuesday it is entering receivership in Colorado and declared bankruptcy in Canada. The Toronto-based cannabis company finalized a wind-down plan for its assets and subsidiaries with its secured lenders. This decision follows the company's...

The rescheduling of cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act (CSA) presents a labyrinth of legal repercussions, particularly in the realm of bankruptcy law. While many celebrate this potential federal shift as a step towards normalization, the...

MedMen’s properties in Illinois, Nevada, and New York are moving closer to sales, but the outlook is not so promising in California and Massachusetts. The slow but steady closing up shop for MedMen Enterprises is proceeding under California-based receiver Richard Ormond, who filed an update...

Distressed U.S. cannabis operators, historically barred from bankruptcy relief due to federal legal constraints, may soon find a glimmer of hope. As attitudes shift and federal marijuana rescheduling looms, the landscape for financial restructuring in the cannabis industry could change...