Webinar – Mainstreaming Cannabis: Bankruptcy, Receiverships and Reorganization



Date + Time

February 7, 2024

Cannabis companies face unique challenges due to the federal prohibition of cannabis. Unlike businesses in virtually all other industries, cannabis operators in financial distress have traditionally been unable to obtain the relief of bankruptcy. Given banking restrictions and IRS Code 280E, the unavailability of bankruptcy forces a squeeze on underperforming cannabis businesses. However, recent bankruptcy decisions have revealed a possible “lessening” of prior case law that precluded bankruptcy relief to a cannabis (or even cannabis-related) company. The promise of rescheduling cannabis could possibly open the door to bankruptcy, should it be needed.

During this panel, participants will learn:

  • The legal background and current state of bankruptcy laws
  • The business impact of the restructuring options available to the cannabis industry
  • How rescheduling cannabis will change financial and bankruptcy options for the industry

Date: Wednesday, February 7, 2024

Time: 12:00 PM to 1:00 PM Eastern

Moderated by Seth Goldberg, Partner and Cannabis Industry Group Team Lead, Duane Morris LLP

Speakers include:

About Centri Business Consulting, LLC

Centri Business Consulting provides the highest quality advisory consulting services to its clients by being reliable and responsive to their needs. Centri provides companies with the expertise they need to meet their reporting demands. Centri specializes in financial reportinginternal controlstechnical accounting researchvaluationmergers & acquisitions, and tax, CFO and HR advisory services for companies of various sizes and industries. From complex technical accounting transactions to monthly financial reporting, our professionals can offer any organization the specialized expertise and multilayered skillsets to ensure the project is completed timely and accurately.

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