Appeal: Pot-Derived Assets Should Be Protected In Bankruptcy

A new court filing says the federal government cannot passively allow a billion-dollar marijuana industry to flourish and then later deny its participants bankruptcy protection.

COLORADO:  The federal government cannot passively allow a billion-dollar marijuana industry to flourish by not prosecuting certain crimes and then later deny its participants bankruptcy protection, a new court filing says. By refusing to allow marijuana-derived assets to be protected in bankruptcy in the same way other assets are, the government is passively prosecuting the Read the full article…

Judge Denies Bankruptcy Protection To Denver Marijuana Business

The legalized marijuana business is likely to hit $10 billion in 2015 alone.

COLORADO: Buzz kill? A U.S. bankruptcy judge has dismissed the case of a Denver marijuana business owner, saying that though his activities are legal under Colorado law, he is violating the federal Controlled Substances Act. In dismissing the case filed in U.S. Bankruptcy Court in Denver by Frank Anthony Arenas, Judge Howard Tallman said he realizes Read the full article…