What happens when federal bankruptcy protection doesn’t cover your industry. This is a common theme amongst those in the legal cannabis industry which has a state to state legalization, but is not currently able to utilize federal banking practices. The Forbes article below dives into how receivership can be the best alternative to bankruptcy protection for the cannabis industry, but there are a lot of interesting factors that go with it considering it’s a predominantly cash business.

Cannabis Businesses Struggle With Bankruptcy in the Absence of Federal Banking