Shareholder Tara Tedrow talked to Bloomberg Law about the limited options available to struggling cannabis companies since marijuana is still illegal under U.S. law and cannabis companies are therefore blocked from using federal bankruptcy court.
"Out-of-court workouts may be the best option for struggling cannabis companies," said Tedrow. "The problem is that for them to work, all parties have to come to agreement. That may not be possible with a large number of creditors."
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