For U.S. firms, this poses an intractable problem: Bankruptcy is governed by federal law, which considers marijuana an illegal substance. This means they can’t get Chapter 11 protection from creditors or a centralized sale process. Without that, the result could be a state-by-state scramble by creditors for assets.
From this below;
This is a wee bit unsettling.
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Well that’s disconcerting… Not that I’ve ever trusted that legalization ensured any sort of protection, but when they already do whatever the fuck they want and then they start putting justifications for more raids into law…
I’ve got a crisp C-note that says dual cannabis users/ trump supporters come up with a justification for this.
Amusing article
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What a mess.
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Tesla CEO Elon Musk makes another marijuana joke after stock gets ‘so high’ at $420
using an algorithmic extraction process that manipulates temperature, that is able to extract all the cannabinoids, terpenes (a large class of organic compounds), and water-based materials that are in the plant
Sounds like they used a computer controlled vape to bring it up to the maximum temp without ignition, and recondensed the vapors into dabs.
Check Your Marijuana: Las Vegas testing facility closed immediately; batches failed secondary microbial testing
This is a more detailed account of the bamboozling underway
in Nevada.
It is worse than I thought.
Seems to me that all consumers would be better off overgrowing.
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Gatekeepers of ganja: Inside Nevada’s broken marijuana lab testing industry
