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Podcast: The Winning Momentum Podcast with Scott Sinclair
Episode: Obstacles to Restructuring a Cannabis Business
Description: Workouts and balance sheet restructurings will soon be a necessity in the cannabis industry. With the combination of increased use of debt financing, tightening capital markets and a shakeout of winners and losers in growing, processing and distribution, insolvencies are a certain issue in the near future. But, there are very real obstacles to restructuring a cannabis business in both the US and Canada, certainly when compared to traditional industries.In the United States, marijuana is legal to some degree, in all but three States, but remains illegal at the Federal level. Even the hemp business may...