The economic downturn compounded by maturing markets and declining access to capital in the cannabis industry has caused many cannabis companies to be in or near distress. What should management do in the face of limited liquidity to sustain the business? What options do lenders have in working with cannabis companies that are distressed? How to avoid tax traps for the unwary?
Attorneys from Foley Hoag's Cannabis and Bankruptcy & Restructuring practices along with financial experts from MGO's Cannabis and Tax Services group and Mazer LLC led participants through a multi-disciplinary discussion of accounting, tax and regulatory issues, workouts and insolvency options for distressed cannabis companies.
Download presentation materials here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.