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TOP STORY

Cannabis Industry Eyes Bankruptcy Reform Amid Legal Limbo

Briefly: Distressed U.S. cannabis operators, historically barred from bankruptcy relief due to federal legal constraints, may soon find a glimmer of hope.

Basically: As attitudes shift and federal marijuana rescheduling looms, the landscape for financial restructuring in the cannabis industry could change significantly.

Historically: Cannabis companies often turn to alternatives like state court receiverships or out-of-court restructuring. Some even explore Canadian insolvency laws.

Presently: MedMen’s declaration of bankruptcy highlights the pressing financial perils even well-funded cannabis ventures face.

However: Recent court decisions suggest a shifting landscape. Find out here how these changes will affect MedMen’s declaration of bankruptcy. 

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ZINGERS

Cannabis Chart Of The Week: How Does Liquidity And Market Cap. Impact Valuation Metrics?

Plan Ahead For Mother's Day: Celebrate With A Unique Touch And The 'Mother Of All Edibles'

New York-Based Marijuana Company, Acreage, Sees YoY Revenue Decline, But Also Lower Net Loss

Gov. Gavin Newsom Intensifies Scrutiny On Illegal Hemp Products, Calls To Safeguard Youth

Cansortium Revenue Grows In 2023 Thanks To Florida, Net Loss Declines

ONE MORE FOR THE ROAD

Las Vegas Cannabis Powerhouse Planet 13 On Verge Of Major Florida Expansion

Briefly: The Las Vegas-based cannabis giant Planet 13 Holdings is a step closer to a major expansion in Florida.

What Happened: The Florida Office of Medical Marijuana Use gave the green light to Planet 13 for the proposed sale of Planet 13 Florida and the acquisition of VidaCann the company announced yesterday.

Why It Matters: “Acquiring VidaCann would significantly accelerate our time to market and, more importantly, scale in Florida. VidaCann is one of the ten largest Florida cannabis operators by retail network size, and we believe it has developed a reputation for high product quality and customer service,” Larry Scheffler, the company’s CEO said.

Click here to read more.

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