Cannabis Industry’s Lack Of Federal Debt Relief Due To Fed Classification On Par With Hard Drugs
September 10, 2022
#KahliBuds #MMJ #CBD #THC
A new report warned that cannabis growers have no access to federal bankruptcy protection, thue 'undermining' the industry’s potential. This is because marijuana is still classified by federal law as an illicit substance. According to the Cannabis Law Journal, the fact that cannabis remains a Schedule 1 drug allows the Controlled Substance Act (CSA) to block bankruptcy relief to businesses that sell the product, acting as “the boogeyman of bankruptcy jurisprudence,” stated the report, written…
420GrowLife
via www.KahliBuds.com
Joana Scopel, Benzinga, KahliBuds, 420GrowLife
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