Cannabis’ illegality at the federal level has created opportunities for the states to shape the legal landscape and create rules designed to capture the economic benefits of the cannabis industry for themselves while protecting their citizens against potential social harms. However, state residency Continue Reading
Commercial Mortgage Alert | Cannabis Lender Eyes Securitization
Joseph Cioffi was quoted in the Commercial Mortgage Alert article “Cannabis Lender Eyes Securitization.” Continue Reading
Regulatory Challenges to Cannabis Financing
Despite increased legalization at the state level of medical and adult-use recreational marijuana, illegality of non-hemp, cannabis at the federal level as a Schedule 1 controlled substance under the Controlled Substances Act (CSA) is an impediment for businesses in the cannabis industry (MRBs) to Continue Reading
Top 5 Questions Regarding Cannabis Financing
Key Considerations for Cannabis Borrowers
The Bottom Line For cannabis-related entities in need of financing, there a limited number of options compared to the general market. As the industry grows, and demand for funds to support this growth potentially outstrips the supply of financiers willing to enter the space, the burden Continue Reading
Law360 | NY Debt Enforcement Alternatives for Cannabis Lenders
Lenders in many industries are often impeded in enforcement efforts by a borrower's bankruptcy filing, but not so in the cannabis space. As a consequence of the federal government's continued criminalization of cannabis, protection under the U.S. Bankruptcy Code is likely out of reach for Continue Reading