Bankruptcy Protection a Surprising Obstacle for Medical-Marijuana Dispensaries

AZ Attorney

medical marijuana plantsHere’s another unique angle on a unique industry you may not have considered:

Can medical-marijuana dispensaries declare bankruptcy?

To an increasing portion of the populace, medical-pot dispensaries are a business similar to many others—they have a building, some staff, a product.

That’s not to say that everyone wants that business near their home, but an increasing percentage of the population appear to view it as an industry like others—and like some others, one that has some needed regulation.

But a recent case in California throws that into question. After all, if the federal government is a significant holdout in the movement toward acceptance of the medical-marijuana industry, and if the federal government is in charge of the Bankruptcy Courts … you get the picture.

As a story by Stephanie Gleason begins:

“Mother Earth’s Alternative Healing Cooperative Inc. is in some trouble. The San Diego startup that opened last year…

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