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Catherine Jun is an associate in the Bankruptcy and Restructuring Practice Group in the firm's Chicago office.

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Recreational cannabis is now legal in 19 states and Washington D.C., driving the growth of legal cannabis sales estimated at $33 billion this year—up 32% from 2021—and expected to reach $52 billion by 2026.[1] This movement signals that financial investment in cannabis is not abating but accelerating notwithstanding the impact of the lingering COVID-19 pandemic. This growth in the cannabis industry, of course, also means that operators and their investment partners face commercial risk, including insolvency.

Continue Reading The Cannabis Conundrum: Can Cannabis Companies File Chapter 15?

About

Catherine Jun is an associate in the Bankruptcy and Restructuring Practice Group in the firm's Chicago office.

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